USR

Resolv USR (ticker: usr) is a decentralized stablecoin within the Ethereum Ecosystem, pegged to the US Dollar and backed by Ether (ETH) and Bitcoin (BTC). It works by employing a delta-neutral strategy, hedging collateral price volatility with short perpetual futures positions. A unique aspect is the Resolv Liquidity Pool (RLP), an insurance layer that absorbs the risks associated with this hedging strategy, ensuring the `usr` stablecoin remains secure and maintains its peg. Resolv USR also generates consistent yield for holders by transforming ETH and BTC into productive assets through staking and funding rates.

Resolv USR addresses the demand for a transparent, crypto-native stablecoin independent from real-world asset risks. Unlike fiat-backed stablecoins, `usr` is fully backed by on-chain Ether (ETH) and Bitcoin (BTC), offering auditable transparency and instant liquidity. It solves the challenge of generating sustainable crypto yield by leveraging delta-neutral strategies and staking, delivering competitive returns for stUSR holders. Furthermore, through the Resolv Liquidity Pool (RLP), `usr` isolates itself from the inherent risks of yield-generating strategies, providing an "adversity-proof" stablecoin solution in the DeFi landscape.

The `usr` token, Resolv USR's stablecoin, serves multiple key use cases within the cryptocurrency space and the Ethereum Ecosystem. Primarily, it functions as a stable medium of exchange, facilitating payments, trading, and serving as a reliable store of value pegged to the US Dollar. Users can mint and redeem `usr` against other tokens on a 1:1 basis, offering capital efficiency. Furthermore, holding and staking `usr` allows users to earn competitive yields from Resolv's ETH and BTC-backed collateral pool. It's designed for broad composability across DeFi protocols, integrated into lending markets, DEXs, and yield strategies.

Resolv maintains its peg through direct 1:1 redeemability for ETH/BTC collateral combined with perpetual futures hedges. This delta-neutral strategy creates synthetic USD exposure: the protocol holds spot ETH/BTC while simultaneously holding equivalent short perpetual positions, neutralizing market volatility. Arbitrage opportunities automatically correct price deviations since users can always redeem $1 worth of ETH for 1 USR. This mechanism eliminates dependence on fiat reserves while providing transparent on-chain collateralization.

RLP token holders primarily bear: 1) Strategy execution risk from impermanent loss in rebalancing between spot and derivatives positions, 2) Counterparty risk from centralized exchange exposure (though diversified across Binance, Hyperliquid, Deribit), 3) Liquidity risk during extreme market volatility when redemptions may throttle, and 4) Protocol insolvency risk if yield underperforms hedging costs. In exchange, RLP captures higher yield (up to 165% APY) and protocol upside. The token's design specifically isolates these risks away from USR stability.

USR staking converts the stablecoin into yield-bearing stUSR (rebasing) or wstUSR (non-rebasing) to earn protocol yield, while RESOLV staking provides governance rights and bonuses: 1) RESOLV stakers receive stRESOLV with time-based reward multipliers (up to 2x over 1 year), 2) They earn voting power for protocol upgrades, 3) Receive points boosts in incentive programs, and 4) Get priority access to new features. USR staking focuses on stable yield generation, whereas RESOLV staking aligns long-term participation.

Resolv employs a four-layer security approach: 1) Hybrid architecture with CeFi execution (exchange hedges) and DeFi-native collateral, 2) 10+ smart contract audits covering all protocol components by firms like MixBytes and Sherlock, 3) Real-time on-chain monitoring for anomalous activity, and 4) Whitelisted access during bootstrap phases. This contrasts with pure-algorithmic models by maintaining verifiable reserves while eliminating single points of failure through distributed oracles and multi-exchange hedging.

Resolv differentiates through: 1) Dual-token risk segregation isolating volatility from the stablecoin (unlike single-token models), 2) Multi-chain deployment versus single-chain alternatives, 3) Combined ETH/BTC backing rather than ETH-only collateral, 4) RLP tokenization of insurance layer enabling secondary market risk pricing, and 5) Broader yield sources including perpetuals, staking, and USD-neutral strategies. Performance data (YTD 2025) shows comparable peg stability but higher yield for RLP versus similar junior tranches in other protocols.