🔍 Resolv: How do stablecoins play new tricks? $RESOLV is the governance token launched by Resolv Labs, and the entire protocol revolves around one goal: to build a truly decentralized, anti-volatility, and interest-generating stablecoin system. It has two core products, one is USR (stablecoin) and the other is RLP (insurance pool), which sounds complicated at first glance, but this structure is actually a bit interesting. Let's take it apart and say 👇 1. USR: This stablecoin does not rely on fiat currency, nor does it rely on consensus, but on hedging Now everyone is a little numb to the USDT and USDC stablecoins that hold the US dollar, right? Resolv does a different way of playing: It does not rely on fiat currency as a reserve, but is backed by ETH + BTC, and then paired with a perpetual contract for short hedging, which is called a delta-neutral strategy. What I understand is: Go long with your ETH deposit Then open a short position on the perp to lock in price fluctuations The value of the stablecoin you give remains the same, and you can still enjoy the benefits of staking and funding 2. RLP: The insurance pool covered by the agreement In order to prevent extreme market conditions (such as funding rate flying, hedging failure, etc.), they designed RLP. RLP is like the insurance vault of the protocol, which usually absorbs volatility and bears the cost of hedging failure, but the advantage is that users can also earn income by depositing it. You can understand that USR uses the delta strategy to make steady money, and RLP eats more volatile and elastic returns - a bit like layering risk control and risk appetite users, which is quite a smart structure. 3. Token logic: not by shouting slogans, but by real incentives RESOLV itself is not a short nesting doll coin. The total amount of tokens is 1 billion, and the initial release is very small, mainly distributed to community incentives, governance, lock-up rewards, etc. Among them, the VE model (lock-up voting) is the highlight: The longer you lock up, the more voting power you have There are dividends, governance rights, and can also affect the parameters of the agreement If you really think of yourself as the protocol owner, this token has the actual right to speak. Fourth, the biggest advantage of Resolv is the endogenous income Unlike algo coin, which relies on stupidity and over-collateralization, the entire income of Resolv is actually produced on the chain: ETH staking rewards Funding earnings from perpetual contracts These are not pies, but visible money. Capital efficiency is also higher than collateral models such as MakerDAO, after all, it does not rely on idle assets to support the scene. 5. Multi-chain support + high composability At present, Resolv supports Ethereum, Base, BNB Chain, and has also done cross-chain docking with LayerZero. USR can be connected to various DeFi scenarios, such as lending, AMM market making, etc In the future, if you have USR in your wallet, you can theoretically use it around like USDT, instead of just playing in your own protocol. Sixth, finally What Resolv wants to do is not another USDT replacement, but to add a more stable, more profitable, and more secure infrastructure to the entire DeFi. From the perspective of strategic logic, it does do better than traditional stablecoins on many levels. The biggest uncertainty right now: How to spread the liquidity of the USR Whether the RLP is resilient enough Perpetual hedging of whether the set is stable in the long term But if these can be run through, the imagination of this model is very large.