Resolv Labs

Update on illicitly minted USR supply reduction

Of the total 80M USR illicitly minted during the exploit on March 22, 2026, approx. 46M (~57%) has been permanently removed from circulation through a combination of burns and blacklisting.

As a result, no illicitly minted assets remain on exploiter-associated addresses that could be further transferred or converted.

Multiple steps have been taken to reduce the amount of 80M illicitly minted USR:

→ ~9M USR was burned across two transactions on March 22
• https://etherscan.io/tx/0xecf1f05750038b13a60a3468f716cb130199f55d34917b96d4177748b1486bd7
• https://etherscan.io/tx/0x0d30bee89dd50d59cb3ff75ffbec69bb9e173b6053864cfe71345453601f9aba

→ Another ~36M USR held by exploiter-associated wallets in a form of wstUSR was blacklisted. This was accomplished via a wstUSR contract upgrade, which required a 72-hour timelock initiation due to contract-level constraints.
• https://etherscan.io/tx/0xa1ef88d388b29cbc3e05e89004c992c50184dd8b7c0a748a37c76e7273217313

→ Remaining exploiter-held USR has been burned.
• https://etherscan.io/tx/0x99c985c75e4453b0cb09b868d08510e5580f94d4c90bd3ff3d30177159dc83b1

Update on Redemption Process

Over the past 2 days, $77M+ has been redeemed for allowlisted wallets with pre-exploit USR, representing 90%+ of this group and marking strong progress in phase one of recovery.

Next:
• Redemption process for this group is actively being completed
• Work on subsequent phases, covering remaining user groups

Update on Redemption Process

Resolv Digital Assets Ltd. is in contact with all allowlisted users with USR holdings at the time of the incident.

As the first recovery step, redemptions for pre-incident USR are now enabled for this group.

Updates for other users will follow.

This notice is issued on behalf of Resolv Digital Assets Ltd. in relation to the Resolv protocol.

Earlier today, a malicious actor gained unauthorized access to Resolv infrastructure through compromised private key, resulting in the minting of approximately $80M of uncollateralized USR. A full post-mortem is currently in progress and will be shared once completed.

The incident was identified quickly, and the relevant smart contracts were promptly paused. Approximately 9M USR held by the attacker has since been burned in order to reduce the potential impact.

The protocol currently holds approximately $141M in assets, with the only realized impact identified to date being approximately $0.5M in redemptions processed prior to the pause.

Current USR supply consists of 102M pre-incident USR and approximately 71M newly and illicitly minted tokens.

As an initial step in the recovery process, we are preparing to enable redemptions for all pre-incident USR, beginning with allowlisted users. The current target start date is 23 March 2026. Affected users should coordinate directly with RDAL through official channels.

This incident resulted from unauthorized third-party actions, including a targeted infrastructure compromise and cyberattack. Resolv’s underlying collateral was not directly compromised.

We are actively:
 • tracing and seeking to contain illicitly minted USR and other affected assets
 • coordinating with partners and counterparties
 • working with law enforcement and onchain analytics firms to identify those responsible

We will pursue all available avenues to recover assets and hold those responsible accountable.

We strongly advise against trading USR or related Resolv tokens at this time while recovery measures are being implemented. Actions of users during post-exploit period may affect the recovery.

Further updates regarding illicit USR, and RLP will be communicated in the near term.

The previously disclosed exploit involving ~80M unbacked USR remains under active investigation.

Until further notice, we strongly recommend avoiding trading or interacting with Resolv assets at this time to prevent supporting secondary market activity related to the exploit.

Resolv is collaborating with Steakhouse as a long-term risk management partner.

Institutional-grade assets requires institutional-grade risk processes. This step formalizes how Resolv’s risk framework is reviewed, challenged, and evolved.

Why Steakhouse:
• Deep expertise in RWAs and asset–liability management, contributing to Grove, Sky protocol's RWA vehicle, and being the largest vault curator on Morpho
• Strong alignment with the objective to position USR as a prime asset, built on explicit risk parameters, transparent capital allocation, and disciplined asset-liability management

Scope of engagement includes:
• Unified risk framework (liquidity, market, concentration, duration)
• Independent review of collateral and venue exposure
• Transparency & attestation dashboards

💙 The first comprehensive risk report is now live → https://kitchen.steakhouse.financial/p/resolv-usr

Resolv is collaborating with Steakhouse as a long-term risk management partner.

Institutional-grade assets requires institutional-grade risk processes. This step formalizes how Resolv’s risk framework is reviewed, challenged, and evolved.

Why Steakhouse:
• Deep expertise in RWAs and asset–liability management, contributing to Grove, Sky protocol's RWA vehicle, and being the largest vault curator on Morpho
• Strong alignment with the objective to position USR as a prime asset, built on explicit risk parameters, transparent capital allocation, and disciplined asset-liability management

Scope of engagement includes:
• Unified risk framework (liquidity, market, concentration, duration)
• Independent review of collateral and venue exposure
• Transparency & attestation dashboards

💙 The first comprehensive risk report is now live → https://kitchen.steakhouse.financial/p/resolv-usr

Season 1 airdrop claim for vested wallets via Coinbase Token Manager (formerly Liquify) will end on 27 March 2026.

If you’re eligible and haven’t claimed yet, this is a friendly reminder.

→ tokenmanager.coinbase.com

10 months after the initial claim date, any unclaimed tokens will return to the Resolv Foundation treasury for future ecosystem initiatives.

Resolv Season 4 Airdrop — Reminder

The Season 4 snapshot was taken on February 26 at 23:59 UTC.
All points have been finalized, no action required.

Airdrop details:
• Allocation: 1.65% TTS (proportional to season duration)
• Claims open on March 5 and run until April 5.
• Rewards distributed in stRESOLV — a transferable, staked token that accrues value and boosts across the ecosystem.
• Vesting will apply to top wallets; detailed terms will be announced when claims go live.

→ Read more about the transition to liquid incentives

💙 Resolv has integrated Janus Henderson’s AAA CLO fund (JAAA) into its yield architecture via Centrifuge and Aave Horizon, with up to $100M allocation.

For the first time at this scale, AAA-rated institutional credit is deployed as actively leveraged collateral onchain.

JAAA is managed by Janus Henderson (~$27B AAA CLO AUM). Tokenized by Centrifuge in 2025, it has grown to ~$800M onchain through passive RWA allocations. Resolv now deploys it as actively managed collateral under defined LTV parameters within its yield architecture.

For Resolv, this strengthens:

• collateral quality
• rate diversification
• capital efficiency

→ More detailed breakdown and structural characteristics

wstUSR is live on Venus Flux: unified liquidity + one-click leverage.

With current pool liquidity, wstUSR can be deployed with up to ~20% max APY in optimized setups.

→ http://flux.venus.io/multiply

💙 Resolv 2026 Roadmap is live.

This roadmap outlines how Resolv plans to scale TVL by positioning USR as a prime-grade asset and expanding into stablecoin-as-a-service infrastructure.

Inside:
• what “prime” means in practice for USR, including risk segmentation, diversification, and operational standards
• how these foundations unlock growth
• how stablecoin-as-a-service becomes a parallel growth line
• how revenue growth is structured around real usage

→ Read the full article.

wstUSR and RLP pools on Pendle (Ethereum & Arbitrum) matured today.

Rollover directly via Pendle dashboard to keep capital productive:

🔵 → New wstUSR pool on Ethereum
Maturity: June 25, 2026

🟠 → Existing RLP pool on Ethereum
Maturity: April 9, 2026

Deposit to get:

• LPs: PT yield + swap fees + Resolv points for S4 and beyond
• YTs: leveraged points exposure
• PTs: fixed APY

One of the highest yields available on stable assets today:
25%+ APY on wstUSR, leveraged via Lista DAO.

→ up to 8x leverage
→ deep liquidity
→ on BNB chain

Resolv Foundation Q4 2025 Report is out.

Q4 confirmed that Resolv’s economic model scales under real usage:

• $970K in sustainable revenue generated
• continued RESOLV buybacks
• ~26% QoQ TVL growth driven by Lido & EtherFi vault integrations
• expanded the staking framework with ETHFI rewards

Read the full report here.

USR & RLP yield distribution parameters update

Resolv is rolling out an update to the yield distribution between USR and RLP.

What’s changing
- Base rate (USR): 70% → 85%
- Risk premium (RLP): 30% → 15%
- Protocol fee: unchanged

This adjustment reflects a materially improved risk profile across the system. Counterparty concentration is lower, exchange exposure is more fragmented, and yield is now sourced from multiple independent clusters. As a result, tail risk has decreased and less junior capital is required to protect the system.

What this means
- USR receives a stronger, more competitive native yield — improving its positioning across lending markets, vaults, and structured strategies.
- RLP remains fully sufficient to absorb modeled tail-risk scenarios, with no material change to expected yield.

Implementation: the changes will apply automatically, with yield distribution gradually changing over the next 6 weeks (from Jan 15 → Feb 19).

Full breakdown: https://resolv.xyz/blog/resolv-yield-distribution-parameter-update

Supercharged leverage.

🟠 RLP/USDC market on Morpho with up to 20+% APR

→ up to 5.5x leverage
→ deployed on Arbitrum
→ curated by Gauntlet and Hyperithm

🔵 wstUSR is now integrated into Lido stRATEGY Vault, curated by Mellow.

$100M is allocated to Resolv as part of the vault’s modular, low-risk DeFi strategy set.

For the vault, this adds:
• low-risk stable yield backed by a $100M+ protection buffer
• higher returns via leveraged wstUSR on Fluid
• faster USDC/USDT liquidity
• a direct link between stable yield and restaked ETH strategies

Another step in extending Resolv’s stable yield into institutional strategy stacks.

Resolv is now available in SafePal wallet via P2P.org widget.

Bringing one of the safest crypto yield options to 20M+ users globally:
users can deposit USDT/USDC directly into stUSR from their wallet and earn stable yield in a few clicks.

🔵 wstUSR is now integrated into Liquid USD Vault by EtherFi, aiming to run a $100M strategy.

This adds a delta-neutral stable yield source directly into EtherFi’s institutional-focused strategy stack.

→ For the vault, this means:
• Low-risk diversification with a $100m+ built-in risk buffer
• Higher yield via a leveraged wstUSR strategy targeting 15%+ APY
• Faster redemptions with USDC/USDT processed within 24 hours
• Direct link between stable liquidity and restaked ETH markets

→ For wstUSR: a new, persistent source of demand.

Resolv is already operating where institutional capital is deployed: as institutional-grade, low risk stable yield that can be embedded directly into DeFi.