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.
Resolv wstUSR Price Analysis
As of January 14 2025 Resolv wstUSR has a marketcap of $206M.
This is {{percentagefromath}} from its all time high of $1.004.
In terms of its tokenomics, there's a total supply of 261M with 100% currently outstanding.
Keep in mind Resolv wstUSR has a fully diluted value of $206M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude