
(Source: ResolvLabs)Resolv is a protocol that maintains USR, which is a stablecoin supported natively by Ethereum (ETH) and Bitcoin (BTC) and pegged to the US dollar.
Fully convertible: can be exchanged for equivalent ETH or BTC at any time.- Over-collateralization: In addition to the basic collateral assets, there is an additional layer of insurance (RLP) for protection.- No built-in earnings: USR itself does not generate earnings, but can be staked as stUSR to earn rewards.### 2. RLP: The liquidity and insurance pool of ResolvRLP is a liquidity insurance token backed by excess ETH and BTC assets, primarily used for the following purposes:
Price fluctuation: RLP has an actual price that fluctuates based on the underlying asset.- Support for USR: RLP serves as an insurance mechanism for USR, absorbing risks and fluctuations.- Earnings: RLP holders can receive a higher proportion of profit distribution in exchange for the risks they undertake.### 3. Minting and Redemption- USR and RLP can both be directly minted by users using ETH or BTC.- The corresponding collateral assets will be returned proportionally at the current price when redeemed.- The entire process is completed through smart contracts, transparent and trustless.## The technical foundation of ResolvThe innovation of the Resolv protocol lies in establishing a market-neutral (Delta-neutral) asset pool. This strategy includes:
Spot + Perpetual Contracts: Use ETH and BTC spot while establishing corresponding short perpetual contracts in the CEX or derivatives market.- Price hedging: when the spot price rises, the perpetual position incurs losses; when the spot price falls, the position profits, and the two offset to form a stable net value.- Decentralized custody: Most assets are staked on-chain, with a small portion used as margin for futures trading, through institutional custody.This mechanism is similar to traditional financial hedging portfolios, allowing stablecoins to break free from dependence on fiat currency reserves and return to decentralization and crypto-native assets.
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