Market data has come in well. Trump is working to resolve the tariff issue with China. On top of all this, the cherry on the cake, @ResolvLabs has been listed on Binance TR, friends. As of now, you can see it with the #RESOLV ticker. Binance TR continues to expand its repertoire. @BinanceTR
Speaking of Resolv, let's take a look at the project details.
It is a project with a total supply of 1 billion, but the initial circulating supply is around 15%. That means 155,750,000 $RESOLV is in the market.
While it may seem like a stablecoin protocol based on Ethereum, the flowing aspect of the work is a bit different. The main purpose of the protocol is to provide USR, allowing users to obtain a stable digital asset using their Ethereum collateral. We will give an example.
Now we have USR, which is pegged to the dollar. USR is backed by a combination of ETH and staked ETH. The price fluctuations of $ETH are constantly balanced by futures trading. This mechanism ensures the stability of USR.
The protocol's TVL has approached 300 million dollars, indicating a 380% increase since the beginning of November. This growth has made Resolv one of the best-performing DeFi protocols on Ethereum.
By using your ETH, you can mint USR and RLP tokens in the Resolv protocol, and then:
I'm giving an example of adding USR to a liquidity pool on Curve Finance. This way, you can earn a share of transaction fees and gain resolv through staking.
Let's give the last example like this.
You have 10 ETH. You don’t want to sell it, but you also need money. You can deposit your ETH as collateral in Resolv. In return, you can receive dollars, that is, USR. First, you need to do your own research, friends, that is the most important thing. The most accurate information is the result of your own research.
My research and analyses are the product of my own effort. They cannot be copied. This content is not investment advice. It contains risks and does not constitute a recommendation. Due to brand names, #free #advertising