Given recent incidents involving LayerZero, we have decided to shut down all Relend bridges. Circulating supply on L2s is now very small. Users who wish to redeem before June 1 should contact us on Telegram. After June 1, we will no longer facilitate redemptions for anyone who did not hold rUSDC before that date.

📢Relend Network is shutting down on June 1st. If you still hold rUSDC on Starknet, Swell L2, or HyperEVM, bridge back to mainnet and redeem for USDC ASAP. Only dust amount remains in circulation (the rest is held by the protocol itself), but all funds must be redeemed before June 1st — frontend and bridge support will be terminated afterward.

Elixir is offering 80% recovery to all affected Morpho users. Relend Vault users are encouraged to carefully review the terms and conditions of the offer, and act accordingly.

We prepared a snapshot of the debt user owned at the defunct sdeUSD/USDC market when it was removed from the vault. All affected users please make sure your address is included in the list github.com/relend-network/el… and the USDC amount makes sense. Please reach out to us on telegram if not.

Notice to Relend USDC Vault depositors: In approximately 24 hours, around 13/11/2025 12 PM UTC, we will officially remove the defunct sdeUSD/USDC market. As a result the reported value of user deposits will be very close to $0. Should funds later be recoverable from this market, any recovered value will be distributed to impacted users on a pro-rata basis. Whether this will be done via the vault contract or via offchain settlement remains to be seen. And therefore, after the market removal, we recommend users not to redeem their share in the vault. This action is necessary due to Morpho’s accounting system, which cannot pause the interest accrual of the defunct sdeUSD/USDC market. Without this removal, the bad debt could continue to increase over time, even if Elixir were to eventually facilitate full debt repayment. Users should note that, while withdrawal liquidity is not possible, it remains technically possible to migrate the position to a personal account and pursue recovery independently via Elixir. This can be done by supplying yourself USDC to the defunct market and withdrawing the equivalent amount from the vault in a single transaction (e.g., by transferring your position to a @safe and batching the two operations together). This operation is not recommended and will not result in an immediate fund rescue. It will only allow you to pursue an independent rescue effort with Elixir. Disclaimer: No guarantee of recovery. Informational only. Not legal, financial, or investment advice.

Notice to Relend USDC Vault depositors: Relend Network’s risk curator has initiated a transaction to force-remove the defunct sdeUSD/USDC market. Execution is subject to a 3-day timelock. Following execution, supplier balances associated with this vault will be reduced by approximately $4.4M in total, representing currently around 50% of the affected users’ balances. A snapshot of all affected suppliers will be taken. Should funds later be recoverable from this market, any recovered value will be distributed to impacted users on a pro-rata basis. This action is necessary due to Morpho’s accounting system, which cannot isolate the interest accrual of the defunct sdeUSD/USDC market from other active markets. Without this removal, the bad debt could continue to increase over time, even if Elixir were to eventually facilitate full debt repayment. Users should note that, while withdrawal liquidity is currently unavailable, it remains technically possible to migrate the position to a personal account and pursue recovery independently via Elixir. This process is complex and requires deep technical knowledge. Interested users are advised to contact the Morpho team for guidance. Final line of thread: No guarantee of recovery. Informational only. Not legal, financial, or investment advice.

Due to the recent uncertainty surrounding sdeUSD-backed loans, Relend Network has paused all new deposits to the Relend Vault. We anticipate it may take time before there’s clarity on the situation. Even if resolved, withdrawals for vault suppliers could remain delayed for a long time. We’re actively monitoring developments and remain available for questions in our Telegram group.

TOP 16 USDC real yield sources in August 2025 Ethereum Mainnet 1. Relend USDC (Morpho) - 10.67% / $75M by @relend_network @BlockAnalitica 2. Alpha USDC Core (Morpho)- 10.66% / $18.7M by @0xAlphaping @GabeWeide 3. f(x) Protocol (Morpho) - 10.61% / $3.6M by @protocol_fx @Re7Labs 4. Hyperithm USDC (Morpho) - 10.44% / $80M by @hyperithm 5. TAC USDC (Morpho) - 10.28% /$22M by @nine_summits 🟦 Base 1. Arcadia USDC Pool - 16.5% / $4.7M by @ArcadiaFi 2. 40 Acres USDC - 15.8% / $10M by @40acres_Finance 3. ExtraFi Lend - 10.2% / $6.8M by @ExtraFi_io 4. Extrafi XLend USDC (Morpho) - 9.99% / $10.9M by @gauntlet_xyz @ExtraFi_io 5. USDC Autopilot - 9.68% / $3.56M @harvest_finance 🔴 Avalanche 1. Re7 Labs Cluster Autocompounder - 13.5% / $3.6M by @beefyfinance on top of @eulerfinance 2. K3 Capital Cluster (Euler) - 12.12% / $0.5M @k3_capital 3. Silo Market #129 - 10.09% / $11.7M at @SiloFinance 🔵 Arbitrum 1. Silo Lender Vault - 14.3% / $200k by @yearnfi 2. Dolomite USDC Market - 9.69% / $2M at @Dolomite_io 3. Fluid Lend - 7.76% / $26M at @0xfluid Acknowledgement: APY and TVL are useful indicators, but they don’t tell the full story such as efficiency or scalability of a yield source. Risk parameters, liquidity conditions, and strategy design also play a role in sustainability. Rates in this post are 30d avg. We highlight base rates of onchain products, excluding claimable rewards or points programs.

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#GM - Join us for Wednesday's Web3 Global Talks! 🎙️ Our Guests: @FUSDFinance, @VelarBTC, @totofinance, @TDe_Fi, @hashpack, @SALTLending, @EnsembleCodes, @relend_network, @BitRockChain Set your reminders 👇

Turtle x @relend_network Update Relend’s Stone Age Season has officially been put on pause. As of today, all RELEND unit streaming will be halted until further notice. For Turtle members, this means your Relend activity already earned you a 25% boost in Season 1, and that boost will remain in your Turtle Deals history. Relend Season 1 Highlights • 8 months from launch to $100M TVL, averaging $80M in the past 3 months • $15M rUSDC to Swellchain and HyperEVM, redeemable 1:1 for USDC on Ethereum • Relend Vault: 1.3k participants, 14.16M units (avg 10.9K) • Telegram Quests: 12.8k participants, 25.68M units (avg 2K) • Vault points worth 30× Quest points Future boosted opportunities will be listed first on the Turtle Deals Dashboard.

Relend partners with @FolksFinance - Lend and borrow rUSDC on @monad testnet! rUSDC is now live for users to test 🟪 👉 Folks Finance leverages cross-chain lending infrastructure to borrow and lend across multiple networks. 💲 Relend provides stablecoin credit (rUSDC) into lending protocols on partner chains. 🏦 rUSDC is 1:1 redeemable for USDC on Ethereum mainnet, backed by the Relend USDC Vault ($80M USDC) Lend. Relend. Repeat.