Resolv USR

Resolv is a protocol maintaining USR, a stablecoin natively backed by ETH & BTC and pegged to US Dollar. The protocol's main features include: - Issuance and redemption of USR against other tokens; - Maintaining sufficient backing by ETH/BTC at all times. This is achieved by hedging ETH/BTC 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.

Why USR?

• Market-neutrality. ETH spot price changes and corresponding perpetual futures cancel each other, resulting in a stable net value.
• Independence from fiat currencies. There is no $1 in the world directly attached to Resolv tokens. The only link is a claim to the exchange (in case it is a CEX), efficiently managed in terms of counterparty risk.
• Capital efficiency. Minting $1 worth of USR or RLP requires $1 worth of assets (net of minting costs). No need to overcollateralize stablecoin position.
• Peg. USR can be redeemed at all times for $1 worth of USDC, so any deviation from the peg can be promptly pulled to zero by arbitrage activities.
• Insurance Layer. USR is protected by RLP, a scalable insurance layer.
• Profitable business model. The treasury allocates inventory into staking and earns additional funding fees on futures positions.