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wstusr
WSTUSR | Resolv wstUSR Crypto Research
Private Research
What is Resolv?
Resolv is a protocol maintaining USR, a stablecoin natively backed by Ether (ETH) and pegged to US Dollar.
The protocol's main features include:
Issuance and redemption of USR against other tokens;
Maintaining sufficent backing by ETH at all times. This is achieved by hedging ETH price with short perpetual futures positions;
Maintaining RLP (Resolv Liquidity Pool), a liquid insurance pool designed to keep USR overcollateralized.
Both USR and RLP can be minted and redeemed by users in exchange for collateral deposited on 1:1 basis.
