Author: Pink Brains

Compiled by: Tim, PANews

Yield-bearing stablecoins have become the focus of the current cycle due to their characteristics of real returns, low volatility, and airdrop opportunities. Resolv is set to become the next stablecoin protocol to issue tokens.

Here are the core details you need to know about Resolv and the RESOLV token:

Resolv is a stablecoin protocol designed to address the following specific problem: how to build a stablecoin that can generate real, sustainable returns without taking on unnecessary risks? Their answer is: scalable structure, transparency, and yield mechanisms.

The core product of Resolv is the stablecoin USR, backed by ETH and BTC. The platform employs a Delta-neutral strategy (primarily hedging with perpetual contracts) to convert highly volatile assets into productive collateral while maintaining price stability. This is not a novel approach (for example, Ethena's USDe), but Resolv has also found a product-market fit.

Resolv divides risk into two parts:

• stUSR: low-risk, yield-bearing stablecoin
• RLP: a medium-risk, higher-yield position that generates returns by taking on protocol performance risk

This dual structure is crucial as it allows capital to be autonomously chosen based on risk preferences, which is a common method in traditional finance for handling returns.

Where do the yields come from?

Resolv has three ways to achieve stablecoin yields:

1. Staking ETH/BTC through Lido and Binance
2. Perpetual contracts on Binance, Hyperliquid, and Deribit
3. Dollar-neutral strategy (Superstate USCC)

The yield of stUSR can compete with sUSDe and sUSDS, while the insurance mechanism is enhanced through RLP.

Meanwhile, the high yield of RLP is also reflected in another aspect, outperforming stablecoins backed by U.S. Treasury bonds, such as $USDY, by capturing the upside potential of Resolv's strategy.

Since its public launch in September 2024, Resolv has achieved the following milestones: $344.1 million TVL (across Ethereum, Base, and BNB chains); total minting and redemption exceeding $1.7 billion; actual allocated yields exceeding $10 million; over 50,000 users (with 56% being monthly active users).

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

Such performance is truly commendable for a newly launched stablecoin protocol.

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

RESOLV Token Economics:

• Total Supply: 1 billion
• First Quarter Airdrop: 10% (unlocked at TGE)
• Ecosystem and Community: 40.9% (10% unlocked at TGE, remaining tokens released linearly over 24 months)
• Team: 26.7% (1-year lock-up period, followed by 30 months of linear release)
• Investors: 22.4% (1-year lock-up period, followed by 24 months of linear unlocking)

Token Utility:

• Governance (treasury strategy + incentive programs);
• Dual rewards (token distribution + external partner yields);
• Points multiplier; eligibility for future airdrops from partners;

What are Resolv's plans after TGE?

Resolv aims to become an architecture that seamlessly integrates stable yields across various levels of on-chain finance.

1. Optimize the isolation treasury for Delta-neutral returns
2. Allocate funds to treasury bills and stablecoins backed by RWA
3. Altcoin treasury
4. External income (treasury collaborations, swap tools, and redemptions)

Resolv's goal is to build an efficient yield cycle that continuously returns value to RESOLV holders.

Resolv is not just a stablecoin; it is evolving into on-chain currency. If you have been using USR and stUSR to gain experience points, now is the time to reap the rewards! TGE and airdrops are coming soon, stay tuned!

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