(0.01 RENA + 1 USDC) Deposited, Mints (1 rEarn)
(1 rEarn) Deposited, Redeems (0.01 RENA + 1 USDC)
All USDC used to mint rEarn is added to rFund
All RENA used to mint rEarn is locked (DAO decide utility later)
rFund uses all the USDC that was used to mint…
The introduction of Iteration’s native token ITS comes as an experimental concept coin that will later integrate with Renascent’s volume creation product.
We intend to use this release as a way to test one of Renascent’s core concepts in prod. Iteration’s token will have minimal functions, however these functions will…