RESOLV is a governance token within the Resolv protocol, designed to enhance security and stability in decentralized finance (DeFi). Its main purpose is to support an innovative stablecoin and enable the recovery of stolen assets.
🧠 Purpose of the RESOLV token
The RESOLV token serves several key functions within the Resolv ecosystem:
Decentralized governance: RESOLV holders can participate in decisions about the protocol, such as parameter adjustments, improvement proposals, and reward distribution.
Support for the USR stablecoin: USR is a stablecoin pegged to the dollar, backed by ETH and BTC, and stabilized through delta-neutral strategies with perpetual futures.
Security in DeFi: Resolv introduces a unique mechanism to recover stolen assets from ERC-20 tokens, representing a significant advancement in protection against hacks and fraud.
Distribution of benefits: The profits generated from staking and hedging are distributed daily among RESOLV and RLP holders (another token in the ecosystem that acts as an insurance fund).
