Resolv: The Emerging Delta Neutral Stablecoin Protocol

Recently, the enormous profit potential of the stablecoin market has attracted widespread attention, with many financial institutions worldwide expressing their intention to enter this field. The total locked value of stablecoins (TVL) has increased from $130 billion at the beginning of the year to $200 billion. Against this backdrop, a new stablecoin protocol called Resolv is gaining favor in the market. On December 6, when the founder of Resolv first publicly mentioned the protocol, its TVL rapidly grew, skyrocketing nearly 400% in just two weeks to reach $333 million. So, what exactly is Resolv? How can its tokens be obtained? This article will briefly introduce readers to Resolv and its potential participation opportunities.

Introduction to Resolv

Resolv is a stablecoin protocol based on delta-neutral strategies, with its core focused on tokenizing market-neutral investment portfolios. The delta-neutral strategy aims to minimize the risks brought by price fluctuations of the underlying asset by constructing multiple hedged positions, mainly utilizing financial derivatives such as options or perpetual contracts. This is similar to another well-known protocol, both of which primarily obtain stable returns through the funding rates from shorting, while also supplemented with staking and other interest-generating assets for additional revenue.

The revenue distribution mechanism of Resolv is relatively transparent, distributing once every 24 hours, mainly including three parts:

1. Basic rewards: Distributed to holders of staked USR (stUSR) and RLP.
2. Risk premium: specifically for RLP holders
3. Protocol fees: Transfer to the protocol treasury

The Resolv ecosystem includes three main tokens:

• RESOLV: The governance coin of the project
• USR: A stablecoin fully backed by ETH collateral, pegged to the value of 1 US dollar.
• RLP: An extensible insurance layer designed to protect USR from market risks.

Through this design, Resolv effectively meets the needs of investors with different risk preferences.

Currently, Resolv's fund distribution is relatively transparent, with about 61.5% on-chain, 27.2% held by neutral institutions, and 10.5% located in an emerging exchange. In the future, Resolv plans to launch HyperEVM, which is expected to become one of the top stablecoin projects on the platform.

How to Participate in Resolv

Participating in Resolv can yield two types of benefits: daily earnings and points.

Daily Earnings

Depending on the type of coin held, investors can earn different daily returns:

• Low-risk conservative: Stake USR stablecoin, recent annualized yield of approximately 10.12%
• High-risk aggressive: Purchase RLP coins, with a recent annualized return rate of about 31.27%.

Points Acquisition and Bonus

Currently, the main way to earn Resolv points is by purchasing USR and RLP tokens. Additionally, participating in other activities can also earn corresponding points and enjoy point bonuses. According to official rules, the upper limit of point bonuses is approximately 165%.

Some notable points accumulation opportunities include:

• The fourth phase of the event defaults to a 50% points bonus (ending soon)
• Use the invitation link to get a 20% points bonus
• Users of a certain trading platform can receive a 10% points bonus.
• Users of a certain protocol can receive a 10% points bonus (must stake ETH to obtain pxETH)
• Completing different quantities of activities can earn you a 10%, 25%, or 50% points bonus.
• Purchase of NFTs can earn a 25% points bonus

For large capital players, purchasing NFTs may be more valuable. NFTs were initially free to mint, and the current floor price is about 0.56 ETH, with a peak of 0.79 ETH, an increase of over 20 times.

To obtain a maximum activity bonus of 50%, you need to participate in at least 7 activities. Here are some simple and low-risk ways to participate:

1. Hold USR on the ETH chain
2. Hold USR on the BASE chain
3. Staking USR on the Ethereum mainnet
4. Purchase RLP on the Ethereum mainnet
5. Purchase RLP on the BASE chain
6. Provide liquidity on a DEX
7. Provide liquidity on another DEX

Note: If the amount of funds is relatively small, you can choose to participate in the activity on the BASE chain to save on gas fees.