Recently, the topic of RWA and stablecoins has been discussed more and more, especially after the Cirlce impact listing, more and more stablecoin project parties believe that stablecoins based on U.S. bonds are the most stable and guaranteed fixed income products, but in fact, there are still fewer people doing this, without it, on the one hand, although the income is stable, only about 4% yield may not be enough to subsidize the market.
Secondly, the market for stablecoins in terms of purchasing power is saturated enough, USDT and USDC have shared the largest market share, and other stablecoins, even the old DAI, are at the bottom of the market, not to mention the support for exchanges, FDUSD and TUSD are the best examples.
So why are there still people using stablecoins without payment and purchase links, because of the "rate of return", since the stabilization in 2020, stablecoins have become less and less used as a payment channel, and more are used as the support of the protocol to provide income, and staking is the best protocol.
In the early days, DAI was able to gain exposure to stablecoins by staking ETH to be over-collateralized, but as ETH price volatility has amplified, DAI has transformed from a stablecoin to a "staking platform". Therefore, it is better to directly make U.S. bond collateral, which is more stable and less to worry about, although the income may be reduced, but the stability is improved, the liquidation is reduced, and the applicability is also improved.
However, there is still a large amount of $BTC and $ETH collateral demand on the chain, and on-chain lending is also the best way to confirm the right of DeFi now, so through the lending of BTC and ETH to leverage the user's spot leverage, and use U.S. bonds to hedge risks, this is a very standard combination, liquidity through the lending market, liquidity provider positions and yield maximization strategies continue to surpass passive strategies, and make full use of assets.
Resolv's staking pool will evolve into a segregated, yield-optimized cluster of assets that integrate blue-chip DeFi protocols. But ETH and BTC After all, there are already many protocols in the market, so there is a more "wild" way to play, adding altcoins and the collateral and hedging of contracts to the yield pool to expand the yield. Resolv works by building a hedged altcoin vault to capture synthetic USD gains from these high-interest rate environments while maintaining risk control.
@ResolvLabs is such a way to play, Resolv is a neutral spread stablecoin architecture, the core is $USR, a stablecoin pegged to the US dollar, including neutral Delta perpetual contracts, staking, lending, and re-staking.
And it adopts a dual-currency scheme, in which $USR as a stable income layer, which can be regarded as a stablecoin directly generated by collateral, and $RLP is a stable coin that obtains income through fluctuations. At present, Resolv also cooperates with Pandle to support USR's staking and point acquisition in Pandle.
Show original63.17K
54
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.