Resolv wstUSR WSTUSR
WSTUSR
1.053
$
0.41 %
Change 24h
Market Cap
$ 282,253,000
Volume 24h
$ 1550.3
Circulating Supply
268,126,000
Total Supply
254,041,000
WSTUSR
$
Description
What is Resolv?
Resolv is a protocol maintaining USR, a stablecoin natively backed by Ether (ETH) and pegged to US Dollar.
The protocol's main features include:
Issuance and redemption of USR against other tokens;
Maintaining sufficent backing by ETH at all times. This is achieved by hedging ETH price with short perpetual futures positions;
Maintaining RLP (Resolv Liquidity Pool), a liquid insurance pool designed to keep USR overcollateralized.
Both USR and RLP can be minted and redeemed by users in exchange for collateral deposited on 1:1 basis.