Relend x Orki present USDK/rUSDC

Orki Finance and Relend Network are partnering to bring deeper stablecoin liquidity to Swellchain.

The USDK/rUSDC pool is now live on Velodrome Finance V2, where users can provide liquidity to earn multiple rewards and vote with veVELO power for enhanced emissions.

Relend Network solves stablecoin liquidity shortages across Layer 1 and Layer 2 blockchains by deploying rUSDC instances. Each rUSDC deployment is directly redeemable 1:1 with USDC on Ethereum via Local Price Stability Modules (PSMs). The Swellchain PSM is connected with Relend’s Global PSM holding $80M+ USDC.

Relend addresses the "cold start problem" - new chains struggle to bootstrap stablecoin liquidity. By deploying pre-funded rUSDC into money markets, partner chains get instant access to rUSDC credit which can be borrowed against collaterals on each chain.

The partnership centers on the USDK/rUSDC liquidity pool - now active for both liquidity provision and gauge voting on Velodrome Finance V2 (Swellchain).

Pool Details:

• Pair: USDK/rUSDC

• Fee tier: 0.05%

• Platform: Velodrome Finance V2 (Swellchain)

• Gauge status: Live for veVELO voting

Dual stablecoin pools minimize impermanent loss while maximizing earning potential. Both USDK and rUSDC maintain tight pegs. Perfect combo.

Triple reward streams:

• Trading fees from USDK-rUSDC swaps

• VELO emissions (when gauge receives votes)

• Orki Drops (when you provide liquidity, distribution via metrom.xyz)

Perfect for stablecoin holders seeking yield without directional risk.

Velodrome operates on community-controlled liquidity allocation. veVELO holders vote weekly on which pools receive VELO emissions.

Quick overview:

• Lock VELO → get veVELO voting power

• Vote on gauge weights → direct VELO emissions to pools

• Protocols incentivize votes through bribes

• Higher votes = higher emissions for LPs

For detailed mechanics, read the article: Deeper Waters with Velodrome

Provide Liquidity:

1. Head to Velodrome Finance V2 on Swellchain

2. Add liquidity to USDK/rUSDC pool

3. Stake LP tokens to earn VELO emissions

4. Orki Drops accrue automatically

Vote on USDK pools for Higher APRs:

1. Acquire and lock VELO as veVELO

2. Vote for USDK/rUSDC gauge weekly

3. Earn bribes from voting incentives

Provide liquidity for automatic Orki Drops and trading fees and/or vote with veVELO power for enhanced emissions.

Your stables can be non-stop yield machines.
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