Resolv Liquidity Provider Token
RLP#1174
$0.383
24H -2.4%7D -0.8%30D -37.2%
BLOCKINSIDERLoading| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Curve (Ethereum) | 0X4956B52AE2FF65D74CA2D61207523288E4528F96/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48 | $3.92K | 0.61% | TRADE | |
| Curve (Ethereum) | 0X66A1E37C9B0EADDCA17D3662D6C05F4DECF3E110/0X4956B52AE2FF65D74CA2D61207523288E4528F96 | $192.61 | 0.62% | TRADE |
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Resolv is a protocol that maintains USR, an overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR.
USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount. RLP: ETH portfolio backs USR with a more than 100% ratio. Excess part of collateral acts as a backing for RLP - Resolv Liquidity Pool.
Key features of RLP: RLP is designed to protect USR from market and counterparty risks. In exchange, RLP users receive higher portion of profits of the collateral pool. RLP has a price, representing value of ETH backing a single unit of RLP token; RLP price can vary.
Collateral required for minting or redemption is based on the latest price;.
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