Resolv: How to Achieve Real On-Chain Returns with the Three-Currency Model As a new generation DeFi stablecoin protocol, Resolv's core product is USR (crypto-native, delta-neutral stablecoin), which achieves a peg to the US dollar through hedging with ETH/BTC spot and perpetual contracts. The project adopts a "USR stablecoin + RLP risk layer + RESOLV governance token" three-currency model, aiming for high capital efficiency, native yield, and decentralized risk management, making it a representative of the "second generation" stablecoins in the DeFi space. The core of Resolv is its delta-neutral strategy, a complex financial engineering approach designed to maintain the 1:1 peg of the USR stablecoin to the US dollar without relying on traditional fiat collateral. The following RESOLV contains key project data.

➤ Detailed Explanation of Tokens and Economic Models Three-token model of USR stablecoin + RLP risk layer + RESOLV governance token 1. USR Stablecoin 🔸 Collateralized primarily by ETH and BTC, users can mint or redeem USR (ERC-20 standard) at a 1:1 ratio. 🔸 Utilizes a Delta-neutral strategy: the protocol holds spot long positions while shorting equivalent perpetual contracts on CEX/DEX to achieve slight immunity to overall asset price fluctuations against the US dollar. 🔸 USR supports stUSR (interest-bearing version), allowing users to earn native protocol yields (such as ETH staking, funding rates). 2. RLP (Resolv Liquidity Pool) 🔸 Acts as a risk buffer and yield enhancement layer for the protocol, absorbing systemic risks such as negative funding rates, liquidation differences, and counterparty defaults. 🔸 RLP holders bear the risks and receive floating yields higher than USR (dynamic APY, market-driven). 🔸 RLP prices fluctuate with the overall collateralization rate and profitability of the protocol. 3. RESOLV Governance Token 🔸 Core of governance and utility, holders can participate in decisions regarding protocol parameters, upgrades, and treasury allocations. 🔸 Implements a time-weighted staking reward mechanism, with a maximum multiplier of 2x, incentivizing long-term holding. Total supply of 1 billion tokens, distribution structure detailed in the table below.

➤ Team and Funding 1. Founding Team CEO Ivan Kozlov, Co-founder Tim Shekikhachev, and CTO Fedor Chmilev all have a strong background in financial engineering and derivatives structuring, having previously worked at VTB Capital, KPMG, and Moscow Credit Bank. 2. Investors and Partners Seed round funding of $10 million, with investors including Cyber. Fund, Maven11, Coinbase Ventures, Arrington Capital, Animoca Brands, Delphi Labs, and others. Strategic partners: Fireblocks (custody), Hypernative (security monitoring), Binance (liquidity and market), etc.