CryptoCurrencies
1000
 Total Market Cap
3,065,061,533,686
 Volume 24h
240,316,653,964
 Dominance
BTC 64.76%   ETH 11.16%   XRP 5.05%   USDT 4.59%

Resolv RLP
RLP

1.150
$
0.61 %
Change 24h
Market Cap
$ 88,433,100
Volume 24h
$ 3,756,080
Circulating Supply
76,705,300
Total Supply
6,284,140
RLP
$
Description
Resolv is a protocol that maintains USR, an overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR. USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount. RLP: ETH portfolio backs USR with a more than 100% ratio. Excess part of collateral acts as a backing for RLP - Resolv Liquidity Pool. Key features of RLP: RLP is designed to protect USR from market and counterparty risks. In exchange, RLP users receive higher portion of profits of the collateral pool. RLP has a price, representing value of ETH backing a single unit of RLP token; RLP price can vary. Collateral required for minting or redemption is based on the latest price;