What is the RESOLV token? The new USR stablecoin solution from Resolv Labs
Resolv Labs is a decentralized finance (DeFi) protocol established in June 2023, developing USR – a USD-pegged stablecoin, backed by Ethereum (ETH) and utilizing a delta-neutral hedging strategy to maintain stability.
The project provides a stablecoin solution that is independent of real-world assets (RWA), offering sustainable and safe yields for users.
Resolv raised $10 million from Cyber.Fund, Maven11, Coinbase Ventures, Animoca Ventures, and other funds in April. The project strengthens partnerships with Spectra, Pendle, and August to expand the utility of USR and RLP.
RESOLV is the governance token of Resolv Labs, designed to empower the community and encourage participation in the ecosystem.
- Token name: RESOLV
- Symbol: RESOLV
- Blockchain: Ethereum, Base
- Total supply: 1,000,000,000 RESOLV
Resolv Labs operates a unique dual-token system, including:
USR: A stablecoin pegged 1:1 to USD, backed by ETH and a delta-neutral strategy (buying ETH and opening short perpetual futures positions). USR provides a yield of 5-6% APY, suitable for users seeking stability and lower risk.
Resolv Liquidity Pool (RLP): A decentralized insurance layer that absorbs risks from the hedging strategy, offering higher yields (20-40% APY) for RLP holders, but comes with price volatility risks.
stUSR and stRESOLV: Users can stake USR or RESOLV to receive yield-bearing tokens, enhancing profits through the Points Program and boost staking.
The system allows users to choose between stability (USR) and high yields (RLP), catering to diverse needs in DeFi.
