RESOLV proposes a new paradigm of USR stablecoin hedged by perpetual contracts collateralized by ETH and BTC, bidding farewell to centralized risks and leading the evolution of stable assets in decentralized finance.
In recent years, stablecoins have become core assets in the crypto world. However, whether it is centralized fiat-backed stablecoins (such as USDT) or algorithmic stablecoins (such as the collapsed UST), they have revealed different layers of systemic risks. Today, RESOLV is pioneering a new paradigm for stablecoins.
Stablecoin Predicament: Centralization Risks and Algorithmic Collapse
USDT, USDC and other widely used stablecoins rely on centralized custody and fiat reserves, which pose risks such as regulation, freezing, and insufficient auditing. In contrast, algorithmic stablecoins like UST, while ideologically decentralized, can easily become unpegged and even collapse during severe market fluctuations. The market urgently needs a new type of stablecoin that is both stable and truly decentralized.
The innovative roadmap of RESOLV
RESOLV has launched USR, a stablecoin that is collateralized by ETH and BTC and maintains its peg using a Delta neutral strategy. It does not rely on fiat reserves or market incentives to maintain its peg, but instead achieves true stability and trustlessness by hedging collateral risks in the derivatives market.
What is USR? The “neutral transformation” of stablecoins
USR is an on-chain verifiable stablecoin that is permanently pegged to the US dollar. Users can collateralize ETH or BTC to obtain USR and redeem it at any time. Its stability relies on a Delta neutral strategy rather than a centralized fiat currency reserve.
How Delta Neutral Strategy Works
The core of the Delta neutral strategy is to hedge against market fluctuations while accepting ETH/BTC collateral. By establishing a short position on the perpetual contract platform, the system can maintain the stability of asset net value even if ETH surges or plummets, thereby protecting the pegged price of USR.
RLP: A security insurance mechanism for the protocol
RLP (Resolv Liquidity Pool) is a major highlight of the RESOLV protocol design. This liquidity pool not only provides funding support for stablecoins but also absorbs the risks brought by strategies and offers users stable returns. Users can stake to participate in RLP and earn returns.
The role and distribution of RESOLV Token
RESOLV Token is the governance token of the protocol, with a total supply of 1 billion, allocated as follows:
- 10% for Season 1 airdrop;
- 40.9% support ecological development;
- 26.7% allocated to the team;
- 22.4% allocated to investors.
In the future, RESOLV token holders will be able to participate in protocol governance, parameter adjustments, and other matters.
How can users participate?
Users can stake ETH or BTC to mint USR through the protocol’s official website, and they can also participate in RLP to earn rewards. In addition, holding RESOLV allows participation in governance and community proposals, making it an important role for long-term participants.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
