Description
Resolv is a protocol that maintains USR, an over-collateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR. USR gets minted by depositing liquid assets like USDC or USDT on a 1:1 value basis. Upon redemption, users receive an equivalent amount. RLP ensures USR stability and is backed by an ETH portfolio with more than a 100% ratio. The excess collateral backs the RLP, shielding against market and counterparty risks. Participants benefit from higher profit shares, and RLP's value corresponds to the ETH backing each RLP token.
Resolv is a protocol that maintains USR, an over-collateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR. USR gets minted by depositing liquid assets like USDC or USDT on a 1:1 value basis. Upon redemption, users receive an equivalent amount. RLP ensures USR stability and is backed by an ETH portfolio with more than a 100% ratio. The excess collateral backs the RLP, shielding against market and counterparty risks. Participants benefit from higher profit shares, and RLP's value corresponds to the ETH backing each RLP token.
