24h Change+0.0007%
All Time HighDec 26, 2024$1.07
All Time LowDec 18, 2024$0.96
Market Cap$1.748b
Fully Diluted Valuation$1.748b
Circ. Supply1.749b RLUSD
CEX Volume$150.87m
DEX Volume$63.32m
How much debt can be issued against RLUSD as collateral across lending protocols.
Maximum possible exposure to RLUSD
$53.67m
$9.99m (max additional borrows against RLUSD) + $43.68m (bad debt if RLUSD was hacked now)
Euler V2
$49.18m at-risk exposure = $39.18m bad debt if hacked + $9.99m additional borrowable against RLUSD
Aave V3
$4.5m at-risk exposure = $4.5m bad debt if hacked + $0 additional borrowable against RLUSD
Showing collateral exposure for RLUSD on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for RLUSD as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
RLUSD0x8292bb45bf1ee4d140127049757c2e0ff06317ed | $9.99m | $39.18m | ||
RLUSD0x8292bb45bf1ee4d140127049757c2e0ff06317ed | $0 | $4.5m |
Risk-management actions published about RLUSD by tracked risk managers and governance contributors, newest first.
New Grove × Steakhouse RLUSD Morpho Vault V2 onboards multiple assets for lending against RLUSD, with 3% CRR for syrupUSDC/RLUSD per Atlas. Monthly grant to Grove Foundation from SubProxy reduces overall risk capital needs.
Gauntlet reviewed market comparisons and internal modeling, finding sufficient on-chain liquidity and low volatility to support a modest LLTV increase while maintaining robust risk controls and liquidation support.
RLUSD has minimal utilization with total supply of $43,569 on Euler Prime, justifying removal due to low demand.
RLUSD experienced exit-liquidity after termination of its self-incentives, compounded by broader shifts in incentives to other projects and blockchains. The fee reduction improves lending APY to counteract this and stabilize the vault.
Replacing RLUSD's fixed 1:1 rate with Chainlink oracle provides a more dynamic and reliable price feed, enhancing EulerSwap pool functionality through improved aggregator compatibility.
RLUSD is expanding into Ethereum DeFi following its new listing on Aave with a 50M supply cap, creating demand for additional allocation venues. Euler Yield's cap increase to 100M positions it competitively to capture organic demand, backed by a deep Curve RLUSD/USDC pool with $53M liquidity supporting $20M swaps at just 0.05% price impact.
Dai Savings Rate and Sky Savings Rate reductions from 5.5% to 3.5% and 6.5% to 4.5% lower DeFi risk-free yields, prompting kink borrow APY cuts in Euler Yield to maintain arbitrage spreads and boost borrowing/utilization.
rlUSD is being added as a non-yield borrowable asset in the new Euler T-Bill market to enable efficient lending and borrowing amid record stablecoin supply and rising institutional demand for tokenized treasuries.
rlUSD, a USD-pegged stablecoin from Realio Network, has met liquidity and stability thresholds following risk assessment, enabling its onboarding as collateral with conservative supply caps to limit initial exposure.
Interest rate curve adjustments lower the kink and max borrow APY to align with current market demand and reduce fragmentation on Euler Yield.
An is required to view token usage.
An is required to view token liquidations.
Showing 10 of 28 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabRLUSDAave Horizon Market | $104.98m | 4.93% | 1.57% | 3.36% | 4.65% | ||||
| open in new tabUSDC-RLUSD | $78.71m | 5.97% | 0.99% | 4.98% | 5.88% | ||||
| open in new tabRLUSD-USDCCurve | $4.37m | 5.65% | 5.59% | ||||||
| open in new tabRLUSDEVK Vault eRLUSD-7 | $4.07m | 15.91% | 12.91% | 3.00% | 6.77% | ||||
| open in new tabRLUSD-USDC0.01% | $3.13m | 5.69% | 5.69% | 7.90% | |||||
| open in new tabBOLD-LUSDstable - 0.05% | $122,066 | 5.28% | 5.28% | 4.96% | |||||
| open in new tabBOLD-LUSDVelodrome | $122,014 | 4.88% | 4.60% | ||||||
| open in new tabWSOL-RLUSDStandard - 0.25% | $12,524 | 8.90% | 8.90% | 14.57% | |||||
| open in new tabHAI-LUSDstable - 0.05% | $10,166 | 6.45% | 6.45% | 7.11% | |||||
| open in new tabRLUSDEVK Vault eRLUSD-1 | $6,539 | 17.07% | 17.07% | 6.32% |
No borrow routes found using RLUSD as collateral.
