Resolv：快速了解参与 Delta 中性稳定币协议的机会

近日，《财富》杂志发表文章称，Tether 预计今年年底实现净利润超过 100 亿美元。

Tether is expected to achieve a net profit of more than 10 billion US dollars by the end of this year, according to Fortune magazine. The huge profits to be made in the stablecoin sector have not gone unnoticed, with many of the world's banks keen to join the stablecoin market. Its TVL has grown from 130 billion at the beginning of the year to 200 billion. On December 6, the founder of Ethena mentioned the Resolv protocol, and Resolv TVL started to grow rapidly, increasing by nearly 400% in the past two weeks to 333 M. What is Resolv? How to obtain its points? The coin is about to be issued, this article will take you to a quick look at the opportunities to participate in Resolv?

据《财富》杂志预计，到今年年底，Tether 的净利润将超过 100 亿美元。稳定币领域的巨额利润并没有被忽视，全球许多银行都热衷于加入稳定币市场。其TVL已从年初的1300亿增长至2000亿。 12月6日，Ethena创始人提到了Resolv协议，Resolv TVL开始快速增长，过去两周增长近400%，达到333M。什么是Resolv？如何获得其积分？发币在即，本文带您快速了解参与Resolv的机会？

Resolv is a Delta-neutral stablecoin protocol that revolves around the tokenization of market-neutral portfolios. Delta neutral strategies aim to minimize the risk of price fluctuations in the underlying assets. In a Delta-neutral portfolio, investors balance the risk of price changes by combining multiple positions that offset each other's price changes, mainly through the use of financial derivatives such as options or perpetual contracts. This is similar to Ethena, whose products mainly obtain stable returns through short-selling funding rates, and a small part of the profits are obtained through interest-bearing assets such as re-staking. The profit of the fund pool is divided into three parts, which are distributed every 24 hours, including basic rewards-issued to holders of staked USR (stUSR) and RLP; risk premium-only for RLP; protocol fees-transferred to the protocol treasury.

Resolv 是一种 Delta 中性稳定币协议，围绕市场中性投资组合的代币化展开。 Delta中性策略旨在最大限度地降低标的资产价格波动的风险。在Delta中性投资组合中，投资者通过组合多个相互抵消价格变化的头寸来平衡价格变化的风险，主要是通过使用期权或永续合约等金融衍生品。这与Ethena类似，其产品主要通过做空资金费率获取稳定收益，少部分利润通过转质押等生息资产获取。资金池的利润分为三部分，每24小时分配一次，其中包括基础奖励——发放给质押的USR（stUSR）和RLP的持有者；仅适用于 RLP 的风险溢价；礼宾费——转移至礼宾金库。

Resolv contains three tokens. In addition to the project's own governance token RESOLV, there are also two tokens: USR and RLP.

Resolv 包含三个令牌。除了项目自己的治理代币RESOLV之外，还有两种代币：USR和RLP。

Through this, Resolv effectively distinguishes investors with different preferences.

通过这一点，Resolv有效区分了不同偏好的投资者。

The distribution of Resolv project funds is clear, transparent and traceable. Currently, about 61.5% of the funds are on the chain, 27.2% of the funds are in neutral institutions, and 10.5% are in the popular exchange Hyperliquid. It also plans to launch HyperEVM in the future, which is expected to become its top stablecoin project.

Resolv项目资金分配清晰、透明、可追溯。目前，约61.5%的资金在链上，27.2%的资金在中立机构，10.5%在热门交易所Hyperliquid。它还计划未来推出HyperEVM，预计将成为其顶级稳定币项目。

Its income sources can be divided into two parts: daily income and points.

其收入来源可分为两部分：每日收入和积分。

Holding different tokens will give you different daily returns:

持有不同的代币将会给你带来不同的每日回报：

Points earning and bonus

积分赚取和奖金

Currently, there are two main ways to obtain Resolv points: purchasing USR and RLP. In addition, you can also obtain corresponding points by participating in other activities and enjoy point bonus.

目前，获得Resolv积分的方式主要有两种：购买USR和RLP。此外，您还可以通过参加其他活动获得相应积分，享受积分奖励。

According to the official rules, the current upper limit of the points bonus is approximately 165%.

根据官方规定，目前积分奖励上限约为165%。

The highest activity bonus of 50% requires participation in at least 7 activities. The following are recommended types of activities that are simple to operate and low in risk: (Note: If you have a small amount of funds, you can choose to participate in activities on the BASE chain to save GAS.)

最高50%的活动奖金需要参与至少7项活动。以下是推荐的操作简单、风险低的活动类型：（注：如果您资金量较少，可以选择参加BASE链上的活动，以节省GAS。）