🚨 Friends @BinanceTR listed the $RESOLV coin today at 17:30. You can trade it in TRY pairs. Let me briefly mention the project for those who don't know.
The Resolv Protocol produces a new stable coin indexed to the dollar called $USR, supported by Ether and Bitcoin. The protocol maintains its peg by hedging against price fluctuations of $ETH and $BTC.
The algorithm is quite efficient in terms of capital utilization. Only 1 dollar worth of assets is sufficient to produce 1 dollar worth of USR or RLP. It does not require excessive collateral. When the USR price drops below 1 dollar, arbitrage comes into play, and the price quickly stabilizes. USR can always be redeemed for ETH at a value of 1 dollar.
USR is also protected by an insurance layer called RLP. This layer protects USR holders by assuming potential losses that may occur in the system.
Resolv has a fair revenue sharing program. A portion of the profits generated from staking Ether and maintaining futures positions is distributed to those staking USR and RLP every 24 hours. This will accelerate its adoption in the community.
The project is currently in the 2nd airdrop phase. You can start accumulating points by adding USR and RLP liquidity to the protocol or defi platforms.
In the seed investment round, they managed to raise investment from solid VCs like Maven11 and Arrington Capital totaling 10M$ .
The total supply of $RESOLV is 1 billion units, and approximately 16% is in circulation. Coins are available on both the Ethereum and BNB networks. Wishing everyone great profits🚀
The Resolv Protocol produces a new stable coin indexed to the dollar called $USR, supported by Ether and Bitcoin. The protocol maintains its peg by hedging against price fluctuations of $ETH and $BTC.
The algorithm is quite efficient in terms of capital utilization. Only 1 dollar worth of assets is sufficient to produce 1 dollar worth of USR or RLP. It does not require excessive collateral. When the USR price drops below 1 dollar, arbitrage comes into play, and the price quickly stabilizes. USR can always be redeemed for ETH at a value of 1 dollar.
USR is also protected by an insurance layer called RLP. This layer protects USR holders by assuming potential losses that may occur in the system.
Resolv has a fair revenue sharing program. A portion of the profits generated from staking Ether and maintaining futures positions is distributed to those staking USR and RLP every 24 hours. This will accelerate its adoption in the community.
The project is currently in the 2nd airdrop phase. You can start accumulating points by adding USR and RLP liquidity to the protocol or defi platforms.
In the seed investment round, they managed to raise investment from solid VCs like Maven11 and Arrington Capital totaling 10M$ .
The total supply of $RESOLV is 1 billion units, and approximately 16% is in circulation. Coins are available on both the Ethereum and BNB networks. Wishing everyone great profits🚀