Resolv: The Emerging Force of the Stablecoin Protocol

Recently, the stablecoin market has received widespread attention, with its total value locked (TVL) growing from $130 billion at the beginning of the year to $200 billion. In this blue ocean, Resolv, as an emerging stablecoin protocol, is rapidly rising, with its TVL increasing by nearly 400% in the past two weeks to $33.3 million.

Resolv is a stablecoin protocol based on a Delta-neutral strategy, with its core being the tokenization of a market-neutral investment portfolio. By combining multiple positions that offset each other's price movements, Resolv aims to minimize the risks associated with fluctuations in the underlying asset's price. This strategy is primarily achieved through the use of financial derivatives such as options or perpetual contracts.

The revenue of the protocol mainly comes from the funding rate of short positions, as well as some interest-generating assets such as re-staking. These revenues are distributed every 24 hours and are divided into three parts: basic rewards (distributed to holders of staked USR and RLP), risk premium (only for RLP), and protocol fees (transferred to the protocol treasury).

The Resolv ecosystem includes three main coins:

1. USR: A stablecoin fully backed by ETH collateral, pegged to the value of 1 US dollar. Users can mint and redeem at a 1:1 ratio and earn yields through staking.

2. RLP: As a scalable insurance layer, it protects USR from market risks. RLP holders receive a higher proportion of profits, but also bear greater risks.

3. RESOLV: The governance token of the project.

Currently, Resolv's fund distribution is transparent, with about 61.5% on-chain, 27.2% in neutral institutions, and 10.5% on a certain exchange. In the future, Resolv plans to launch HyperEVM, which is expected to become the main stablecoin project on the platform.

For investors, Resolv offers two main sources of income: daily earnings and points rewards.

In terms of daily earnings:

• Staking USR (low risk): Approximately 10.12% annualized return over the past 7 days.
• Purchase RLP (high risk): Approximate annualized yield of 31.27% over the last 7 days

Points are primarily earned by purchasing USR and RLP, and additional points and bonuses can be obtained by participating in other activities. Currently, the maximum bonus for points is approximately 165%, including:

• The current event period has a default 50% bonus
• Use the invitation link to get a 20% bonus (the inviter receives 10% of the invitee's points)
• Users of a certain trading platform can receive a 10% bonus.
• Users on a certain platform can stake ETH to receive pxETH with a 10% bonus.
• Completing different quantities of activities can earn you bonuses ranging from 10% to 50%.
• Purchase NFTs to receive a 25% bonus

For investors looking to participate in the Resolv ecosystem, it is recommended to pay attention to the following aspects:

1. Choose USR or RLP based on personal risk preference.
2. Actively participate in various activities to earn higher point bonuses.
3. Consider operating on different chains (such as ETH mainnet and BASE) to balance yield and Gas fees.
4. Pay attention to the future development of the project, especially its performance on HyperEVM.

With the continued growth of the stablecoin market, emerging protocols like Resolv may bring new opportunities for investors. However, investors should also carefully assess the risks and conduct thorough research and preparation.