Resolv officially added my observation potential list Summary in one sentence: Resolv: Enhanced on chain Ethena, the largest Alpha standard for stablecoins At present, the price of Resolv is 0.38 US dollars, with a circulating market value of 50 million US dollars (undervalued) and FDV of 380 million US dollars. Compared to the same period last year, Ethena has a circulating market value of 2.2 billion yuan and an FDV of 5.4 billion yuan. Of course, Ethena TVL is also higher, mainly indicating a higher ceiling on the track, that is, a greater imagination. In terms of investment background, Coinbase, Delphi have all invested, as well as Gumi Cryptos. Gumi is an old Web3 VC who is extremely cautious in the fields of stablecoins, structured finance, and infrastructure. For stablecoins, it really depends on the investment background because they require scenario expansion, endorsement, and capital promotion Why are you optimistic about the future price of Resolv? 1. The stablecoin market is too tempting, such as the recent listing of Circle, the parent company of USDC. These are all traditionalists who do not use cryptocurrency assets as collateral and do not share benefits with the cryptocurrency industry. The new faction is Ethena, which adopts a delta neutral strategy to maintain stability and transfer benefits to cryptocurrency users And @ ResolvLabs is an enhanced and optimized version of Ethena, supported by ETH/BTC derivative positions and RLP (risk insurance pool), while Ethena only has one single token model (USDe), with all risks and returns flowing into stablecoin holders 2. The overall valuation is relatively low, which is the biggest benefit of this round of investment. This round has indeed removed the huge foam of the past VC market in the currency circle, so all VC projects in this round are online at an undervalued value, which provides a good safety bottom line. The biggest advantage of Resolv is precisely having pioneers like Ethena as anchors. Ethena's FDV is 5.4 billion, while Resolv only has 380 million, less than one tenth of Ethena's. The safety bottom line and potential valuation are both very suitable for price investment Let's talk about the fundamentals of Resolv itself. The protocol fee sharing plan has not yet been launched, and if it is implemented, it will greatly enhance its intrinsic value; The bundled growth with USR, the more USR is issued, the higher the governance value. This is a high probability event that USR will steadily grow in the foreseeable future But on June 27th, there will be a round of small-scale unlocking by investors and liquidity providers (about 1.3% of the total), and we need to pay attention to market reactions and participate at the right time The core reason for including Resolv in my observation potential list is that its relatively low valuation provides a safe bottom line, coupled with the foreseeable rise in token prices brought about by the bundled growth of USR, and Ethena's success serves as a reference anchor and template, which is very suitable for long-term ambush