Resolv: The Rise and Opportunities of Emerging Stablecoin Protocols

Recently, the stablecoin market has attracted widespread attention, with multiple financial institutions entering this field. The total locked value of stablecoins has grown from $130 billion at the beginning of the year to $200 billion, demonstrating strong growth momentum. Against this backdrop, the Resolv protocol has emerged remarkably, with its total locked value increasing by nearly 400% in just two weeks, reaching $33.3 million. This article will delve into the characteristics of the Resolv protocol and participation opportunities.

Overview of the Resolv protocol

Resolv is a stablecoin protocol based on Delta neutral strategies, with its core being the tokenization of market-neutral investment portfolios. Delta neutral strategies aim to balance price volatility risk through multiple offsetting positions, primarily utilizing financial derivatives such as options or perpetual contracts.

The income of Resolv mainly comes from the funding rate of short positions and interest-bearing assets like re-staking. The revenue distribution mechanism of the protocol consists of three parts:

1. Basic rewards: allocated to holders of staked USR (stUSR) and RLP.
2. Risk premium: specifically for RLP holders
3. Protocol fees: Transfer to the protocol treasury

The Resolv ecosystem includes three main tokens:

• RESOLV: The governance coin of the project
• USR: A stablecoin fully backed by ETH collateral, pegged to a value of 1 dollar.
• RLP: An expandable insurance layer that protects USR from market risk impacts.

The design of USR and RLP meets the needs of investors with different risk preferences. USR offers options for investors seeking stable returns, while RLP is suitable for those willing to take on higher risks for greater returns.

Currently, the fund distribution of Resolv is transparent and traceable: about 61.5% is on-chain, 27.2% is located in neutral institutions, and 10.5% is on a well-known exchange. In the future, Resolv plans to launch HyperEVM, which is expected to become a top stablecoin project on the platform.

How to participate in Resolv

Participating in Resolv can yield two types of benefits: daily earnings and points.

daily earnings

• Low-risk strategy: Stake USR, recent annualized return rate of approximately 10.12%
• High-risk strategy: Buy RLP tokens, with a recent annualized return of about 31.27%

Points Acquisition and Boost

Points are mainly obtained by purchasing USR and RLP, and points can also be earned by participating in other activities to enjoy bonuses. The current bonus cap for points is approximately 165%.

The ways to earn points include:

• Participate in the fourth phase event: 50% bonus
• Use invitation link: New users get a 20% bonus, the inviter earns 10% of the invitee's points.
• User of a certain trading platform: 10% bonus
• Certain protocol users: 10% bonus (need to stake ETH to obtain pxETH)
• Number of completed activities:
  • ≥7 activities: 50% bonus
  • ≥5 events: 25% bonus
  • ≥3 activities: 10% bonus
• Purchase NFT: 25% Bonus

For investors with a larger amount of capital, purchasing NFTs may be more valuable. The floor price of NFTs has risen from free minting to about 0.56 ETH, reaching a peak of 0.79 ETH, an increase of over 20 times.

Participation Suggestions

To obtain up to a 50% activity bonus, it is recommended to participate in the following simple and low-risk activities:

1. Hold USR on the ETH chain
2. Hold USR on the BASE chain
3. Staking USR on the Ethereum mainnet
4. Buy RLP on the Ethereum mainnet
5. Purchase RLP on the BASE chain
6. Provide liquidity on a DEX
7. Provide liquidity on another DEX

Note: Small investors may consider participating in activities on the BASE chain to save on gas fees.