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RESD

RESD is Reisa's dollar. Borrow it against your tokenized stocks and keep your exposure, get it 1:1 for USDG, and earn a share of protocol revenue just by holding it.

Borrow against your stocks#

Deposit a supported tokenized stock and borrow RESD against it. You keep owning the stock, with all its upside, and get dollars to spend, trade or farm.

  1. Open RESD and pick a stock.
  2. Deposit it and choose how much RESD to borrow, from 200 RESD.
  3. Pick your interest rate.
  4. Confirm. The RESD arrives in your wallet.

Each stock has its own maximum loan-to-value, shown in the app. Add collateral, borrow more or repay whenever you like. Close your position in one click: it repays your whole debt and returns all your collateral.

Pick your own rate#

You choose your annual rate, anywhere from 2 % to 50 %. Interest accrues every second and adds to your debt. There is no borrow fee.

Your rate sets your place in the redemption line (see below): positions with the lowest rates are redeemed first. A higher rate keeps you further back. Changing your rate is free once every 7 days; an earlier change costs 7 days of interest at the new rate.

Stay healthy#

Keep your collateral comfortably above your debt. If the stock falls far enough that your position crosses the stock's liquidation level, anyone can repay your debt in RESD and receive your collateral with a 5 % bonus. Any collateral left over stays yours to claim. Adding collateral or repaying a little when the price moves keeps you well clear of that line.

Swap USDG and RESD 1:1#

Swap USDG for RESD at 1:1 with no fee, and RESD back to USDG at 1:1 for a 0.05 % fee.

Redeem RESD at face value#

Any RESD can be exchanged for tokenized stocks worth $1 per RESD, minus a redemption fee of 0.5 % plus a small variable part that rises with recent redemptions. This keeps RESD anchored to the dollar: when RESD trades below $1, buying it and redeeming it brings it back.

Earn by holding#

Hold RESD in your wallet and you earn a share of protocol revenue, paid in WETH and RESD. No staking, no vault, nothing to deposit.

  • The revenue comes from RESD borrow interest and from protocol fees across Reisa.
  • Each deposit of revenue is paid out evenly over 7 days.
  • Claim whenever you like from the app. WETH arrives as ETH.

RESD in the REISA/RESD pool earns too: that share goes to the LPs who stake in the pool's farm. See Farms.

What RESD is not#

RESD is not a fiat-backed stablecoin. It is minted against overcollateralized tokenized-stock positions, or 1:1 for USDG.