What is RESOLV? A New Era of Stablecoins Backed by ETH and BTC
In the rapidly evolving world of decentralized finance (DeFi), RESOLV emerges as a powerful protocol designed to bring more reliability and transparency to stablecoins. At the heart of RESOLV is USR, a native stablecoin pegged to the US Dollar and fully backed by two of the most established cryptocurrencies—Ethereum (ETH) and Bitcoin (BTC).
Key Features of RESOLV
- Stablecoin Issuance and Redemption
Users can seamlessly mint or redeem USR using ETH or BTC as collateral. The process is conducted on a 1:1 basis, providing a straightforward and secure way to access or exit the stablecoin.
- Real Crypto Collateralization
Unlike algorithmic or fiat-backed stablecoins, USR maintains its peg to the US Dollar by holding actual ETH and BTC. To protect the value of the collateral, the protocol strategically hedges against ETH and BTC price volatility using short perpetual futures positions. This ensures that USR remains fully backed at all times.
- Resolv Liquidity Pool (RLP)
To bolster system resilience, RESOLV introduces the RLP (Resolv Liquidity Pool)—a liquid insurance fund. This pool plays a crucial role in ensuring USR stays overcollateralized, especially during periods of high market volatility. Like USR, RLP tokens can be minted and redeemed by users through a transparent, collateral-based mechanism.
RESOLV Goes Live on BingX
In a significant milestone, RESOLV is now live on the spot market at BingX, one of the leading global cryptocurrency exchanges. The initial liquidity looks promising, marking a strong start for what could be a major player in the next generation of decentralized stablecoins.