Interpretation of Resolv: 340 million TVL+50,000 users endorsement, a Delta neutral stablecoin protocol using a dual token model

Author: Pink Brains

Compiled: Tim, PANews

Interest-generating stablecoins have become the focus of the current cycle with three characteristics: real returns, low volatility, and airdrop opportunities. Resolv is about to become the next stablecoin protocol to issue tokens.

Regarding Resolv and RESOLV tokens, here are the core information you need to know:

Resolv is a stablecoin protocol designed to solve the following specific problems: How to build a stablecoin that can achieve real and sustainable returns without taking unnecessary risks? Their answer is: scalable structure, transparency and benefit mechanisms.

Resolv’s core product is the stablecoin USR, powered by ETH and BTC. The platform adopts Delta neutral strategy (mainly based on perpetual contract hedging), converting assets with higher volatility into productive collateral while maintaining prices stable. This is not a first (such as Ethena's USDe) model, but Resolv has also found a point of fit between the product and the market.

Resolv divides risks into two parts:

• stUSR: low risk, interest-generating stablecoin
• RLP: A medium-risk, high-yield position that obtains profits by taking on the performance risks of the agreement

This dual structure is crucial, allowing capital to make independent choices based on risk preferences, which is also a common way for traditional finance to process returns.

Where does the profit come from?

Resolv has three ways to achieve stablecoin returns:

1. ETH/BTC stake through Lido and Binance

2. Perpetual contracts for Binance, Hyperliquid and Deribit

3. USD neutral strategy (Superstate USCC)

The yield of stUSR is comparable to sUSDe and sUSDS, while enhancing the insurance mechanism through RLP.

Meanwhile, the high returns of RLP are also reflected in another aspect, by capturing the upside of the Resolv strategy, which outperforms stablecoins such as $USDY, which are backed by US Treasury.

Since its public launch in September 2024, Resolv has achieved the following achievements: US$344.1 million TVL (cross Ethereum, Base and BNB chains); total minting and redemption exceeds US$1.7 billion; actual allocated income exceeds US$10 million; more than 50,000 users (56% of monthly active users)

In addition, USR and stUSR are jointly managed by top DeFi protocols (such as Pendle, Morpho, Euler, Curve, Hyperliquid, etc.) and other capital allocation parties.

For a newly launched stablecoin protocol, this performance is really admirable.

Now, Resolv plans to launch its native token RESOLV in the first two weeks of this month.

RESOLV Token Economics:

• Total supply: 1 billion
• Season 1 Airdrop: 10% (Unlocked in TGE)
• Ecology and Community: 40.9% (10% unlocked during TGE, and the remaining tokens are released linearly for 24 months)
• Team: 26.7% (1 year lock-up period, followed by linear release of 30 months)
• Investors: 22.4% (1 year lock-up period, linear unlocking in 24 months afterwards)

Token utility:

• Governance (treasury strategy + incentive plan);
• Double reward (token issuance + external partner income);
• Points plurality; obtain the qualification of the partner's future airdrop;

After TGE, what plans does Resolv have next?

Resolv aims to be an architecture that seamlessly integrates stable returns into all levels of on-chain finance.

1. Optimize the isolation vault for Delta neutral returns​

2. Allocate funds to Treasury bills and stablecoins endorsed by RWA

3. Altcoin Vault

4. External income (treasury cooperation, swap tools and redemption)

Resolv’s goal is to build an efficient return cycle that continuously gives value back to RESOLV holders.

Resolv is not just a stablecoin, but also evolved into an on-chain currency. If you have been using USR and stUSR to brush experience values, it is time to harvest the results! TGE and airdrops are coming soon, stay tuned!