Introducing Resolv (RESOLV): The Next Interest-bearing Stablecoin Protocol

Interest-bearing stablecoins have become the focus of the current cycle with their three characteristics of real returns, low volatility, and airdrop opportunities.

Interest-bearing stablecoins have become the focus of the current cycle with their three characteristics of real returns, low volatility, and airdrop opportunities.

As the hype around interest-bearing stablecoins continues, another noteworthy protocol, Resolv, is about to launch its own tokens.

Here are the key things you need to know about Resolv and the RESOLV token:

As we mentioned in August, there are two main streams of stablecoin evolution this year. One is driven by new use cases and the other by capital efficiency.

Among them, efficient utilization of capital has become a significant topic with the arrival of sUSDe and sUSDS, aiming to provide stable and sustainable returns. However, the models and integration of various protocols are still under exploration.

Among the new stablecoin protocols, Resolv focuses on how to build a stablecoin that can obtain real and sustainable returns without taking unnecessary risks.

Their answer is: scalable structure, transparency and yield mechanism.

image: BTC and ETH are used to mint USR, which can be redeemed on Ethereum, Base, and BNB Chain.

Its core product is the stablecoin USR, backed by ETH and BTC, and the platform uses a Delta-neutral strategy (mainly hedging with perpetual contracts) to transform highly volatile assets into productive collateral while maintaining price stability.

This is not a pioneering model (such as Ethena's USDe), but Resolv has also found a point of fit between product and market.

According to on-chain data, Resolv's TVL has reached $344.1 million (across Ethereum, Base, and BNB chains) since its public launch in September 2024. Moreover, it has achieved over $1.7 billion in total minting and redemption, and over $10 million in actual earnings distributed.

At the same time, it has acquired more than 50,000 users (56% of monthly active users).

Resolv divides risk into two parts:

1. Unsecured debt: Capital providers lend to the protocol and bear the risk of protocol failure.

This dual structure allows capital to make autonomous choices based on risk appetite, which is also the common way traditional finance handles returns.

Where does the income come from?

Resolv has three ways to realize stablecoin income:

1. ETH/BTC staking via Lido and Binance

2. Perpetual contracts on Binance, Hyperliquid, and Deribit

3. US dollar neutral strategy (Superstate USCC)

stUSR offers a yield comparable to sUSDe and sUSDS, while enhancing the insurance mechanism through RLP.

At the same time, RLP’s high yield is also reflected in another aspect. By capturing the upside of the Resolv strategy, it outperforms stablecoins backed by U.S. Treasuries such as $USDY.

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

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

This is quite impressive performance 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:

Token Utility:

After TGE, what are Resolv’s next plans?

Resolv aims to be an architecture that seamlessly integrates stable yield into every layer of on-chain finance.

1. Optimizing the Segregated Vault for Delta Neutral Returns

2. Allocate funds to treasury bonds and stablecoins backed by RWA

3. Altcoin Vault

4. External income (treasury cooperation, swap instruments and redemption)

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

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According to Light Node Full Node, Resolv's USR stablecoin has achieved significant milestones with over 50,000 users and $344.1 million in TVL. Moreover, Resolv has distributed over $10 million in actual earnings and facilitated over $1.7 billion in minting and redemption.

Additionally, USR and stUSR are jointly managed by top DeFi protocols such as Pendle, Morpho, Euler, Curve, and Hyperliquid, along