Resolv
Resolv is a decentralized protocol that uses a dual-token model to provide a delta-neutral stablecoin (USR) backed by ETH and a high-yield risk-bearing token (RLP), catering to users with varying risk profiles.
Ready to earn 15% yield or more with Exponential ?
- Website
- Tags: Basis Trading
- TVL: $559.3M (Rank #45)
- TVL Ranking by Basis Trading: #2
- Blockchain: Ethereum
- Chain TVL
- Ethereum: $559.33M
- Code reviewed by several experienced auditors; MixBytes and Pessimistic
- Public team promotes accountability
- No documented protocol hacks since launch
- Latest protocol version launched in 2024; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
- Top 5% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
- No governance token and/or contracts are fully immutable
- Robust controls to mitigate oracle price manipulation
- This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
What is Resolv
Resolv is a decentralized protocol that uses a dual-token model to segregate risk and cater to users with varying risk profiles. Its primary stablecoin, USR, is a True Delta-Neutral (TDN) stablecoin fully collateralized with ETH, hedged against price volatility through perpetual futures. Approximately 75% of the collateral is held on-chain and staked to generate yield, while the remaining portion is allocated to institutional custody for margin and liquidity buffers. The protocol’s insurance layer token, RLP, absorbs counterparty, market, and liquidity risks in exchange for a premium portion of the profits, creating a high-yielding asset for users with a higher risk appetite.
What are the risks
Resolv’s risks are centered on counterparty exposure, market fluctuations, and liquidity stability. Counterparty risks stem from the reliance on trading venues for perpetual futures, while RLP absorbs unrealized gains and losses to mitigate this. Market risks include potential losses from negative funding rates, which are also borne by RLP. Liquidity risks arise during significant withdrawals, but the protocol enforces safeguards such as halting RLP redemptions if USR’s collateralization drops below 110%.
How you make money on Resolv
Resolv generates yield through ETH staking and funding rate gains from perpetual futures. USR holders earn stable, crypto-sourced yield through staking (stUSR) with minimal risk exposure. RLP holders, in exchange for absorbing systemic risks, earn dynamic, high yields (20–30% APY) from a share of profits and risk premiums. This dual-token system allows users to choose between lower-risk, stable returns with USR or higher-risk, higher-reward opportunities with RLP.
