After Circle recently became popular, a lot of smart money has flowed into the stablecoin sector, and Resolv emerged as an innovative project during this time. It has created a stablecoin called USR, which uses ETH and BTC as collateral, and stabilizes its price through a delta-neutral strategy via perpetual contracts to hedge against volatility, making it more resilient to risks than traditional stablecoins and less prone to decoupling.

The highlights of this project are quite impressive: USR is a rare delta-neutral architecture stablecoin that solves the issue of insufficient collateral in traditional stablecoins through hedging operations; the liquidity pool RLP yields are very stable, with the wstUSR/PT-wstUSR pools from Spectra having a basic annualized return of 13%, which can soar to 42% with additional incentives; furthermore, it supports BTC strategies and multi-chain deployments, and has collaborated with mainstream DeFi protocols like Usual and Balancer, showcasing strong ecological expansion capabilities.

Currently, the on-chain locked value (TVL) is 350 million USD, with over 50,000 users, having distributed more than 10 million USD in earnings, and the minting and redemption scale has reached 1.7 billion USD. The total issuance of the token is 1 billion, with an initial circulation of about 10%. Taking the leading stablecoin ENA as a reference (FDV 5 billion, TVL 5.9 billion), if Resolv can achieve even one-tenth of their market value, the growth potential is considerable. Generally, new projects have low valuations right after issuance, and combined with the selling pressure from airdrops, it presents an opportunity to buy at a discount; if FDV drops below 200 million, it might be worth considering an investment.