RESOLV, Governance and remuneration of the Resolv Decentralized Stablecoin Protocol, is a strong start, an increase of 25% on the first day of trade.
Token is currently being traded on a market capitalization of $ 48 million and a fully diluted valuation of $ 340 million (FDV).
Resolv Market Cap
The newly launched token is the third of the Resolv protocol, after the USR Stablecoin and RLP, or Resolv Liquuidity Pool. The latter is a overcollateral insurance fund that Backstops USRs Dollar PEG.
USR can be used for Stusr, which currently has a seven -day yield of 4.8%, according to Resolv. Because RLP is riskier, it offers a higher yield of 8.7%.
USR is fully supported by Ether, with Resolv using a delta-neutral hedging approach to retain its dollars. Resolv buys ETH, while at the same time it is a short circuit as a hedge at price fluctuations, and to generate proceeds for Stusr holders of financing costs.
USR has locked a total value (TVL) of $ 217 million, while according to Defillama RLP has a $ 131 million TV for a total of $ 348 million. That is once a $ 422 million on 27 May, when the Resolv AirDrop started. AirDrops must be claimed on 27 June.
The Resolv -Token enables holders to share income from the reimbursement, unlock higher returns and vote for collapsing, said Resolv Labs in a medium -sized function. It describes the USR Stablecoin as “an interesting USDC – minus the opaque intermediaries.”
Ethena’s used, the leader of the sector, works in a similar way but without insurance. It has a market capitalization of $ 5.9 billion.