Okay hear me out @ResolvLabs looks undervalued af.
With stablecoins now having regulatory clarity, the focus is now on protocols that capture real revenue while keeping yields good.
Resolv has been scaling fast on that front:
â–¸ TVL ~$540M (nearly 2x since TGE)
â–¸ Annualized fees ~$56M
The bullish part?
10% fee switch has been live since Aug 21.
That already produced ~$380k revenue, which annualizes to ~$7.3M if pace holds.
majority of those fees (first allocation at 75%) flow into weekly $RESOLV buybacks
While stUSR still prints ~9% APY (same as Ethena’s sUSDe), the alignment is insane.
Comparing efficiency:
â–¸ Ethena: $1B ann. fees / $12.2B TVL (~8% fee-to-TVL)
â–¸ Resolv: $56M ann. fees / $540M TVL (~10% fee-to-TVL)
Even at a fraction of Ethena’s size, Resolv is pulling more fees per $TVL, and with the fee switch on, protocol revenue should scale fast
Ethena ~$4B mcap vs Resolv ~$45M - feels seriously undervalued imo.
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