Resolv Protocol is a delta-neutral stablecoin system that issues USR, a yield-bearing stablecoin backed by ETH collateral hedged with short perpetual futures positions. Unlike algorithmic stablecoins that rely on secondary token mechanisms, Resolv uses a two-tranche risk structure where USR holders get stable, lower-yield exposure and Resolv Liquidity Pool (RLP) holders absorb volatility risk in exchange for higher yield.
| Stat | Value |
|---|---|
| Ticker | RESOLV |
| Price | $0.03 |
| Market Cap | $13.53M |
| 24h Change | +0.4% |
| Circulating Supply | 387.11M RESOLV |
| Max Supply | 1.00B RESOLV |
| All-Time High | $0.41 |
| Contract (Ethereum) | 0x2593...68a1 |
| Contract (Binance Smart Chain) | 0xda6c...b360 |
How It Works
USR (Resolv USD Stablecoin):
- Backed 1:1 by ETH collateral
- The ETH is hedged with short perpetual futures (delta-neutral)
- Funding rate income from the short hedges generates yield for USR holders
- USR targets stability and lower yield (like a “safe” stablecoin yield)
RLP (Resolv Liquidity Pool):
- First-loss tranche: RLP absorbs negative funding days and ETH basis risk
- RLP holders earn higher yield in exchange for taking on volatility
- Acts as a buffer protecting USR holders from adverse events
RESOLV Token:
- Governance: RESOLV holders vote on protocol parameters
- Potential yield-sharing from protocol revenues
History
- 2024 — Resolv Protocol launches on Ethereum mainnet with USR stablecoin.
- Late 2024 — RESOLV governance token distributes via airdrop to early users.
Social Media Sentiment
Resolv is discussed in DeFi research circles as a notable participant in the “yield-bearing stablecoin” meta alongside Ethena (USDe), Usual (USD0), and Sky (USDS). The two-tranche risk model is seen as more transparent than pure algorithmic approaches. Critics question whether funding rates will remain positive during extended bear markets, which could strain the protocol.
Last updated: 2026-04
Related Terms
Sources
- CoinGecko — Resolv (RESOLV) — token supply and market data.
- Resolv Documentation — protocol mechanics and risk model.
- DeFiLlama — Resolv — TVL data.