Article reprinted from: Foresight News
Author: shaofaye123, Foresight News
Recently, Fortune magazine stated that Tether is expected to achieve a net profit of over $10 billion by the end of this year. The substantial profits in the stablecoin sector have attracted much attention, and many global banks are looking to enter the stablecoin market. Its TVL has grown from $130 billion at the beginning of the year to $200 billion. On December 6, Ethena's founder mentioned the Resolv protocol, and Resolv's TVL started to grow rapidly, increasing nearly 400% in the past two weeks, reaching 333 million. What is Resolv? How can points be earned? With the token issuance imminent, this article gives you a quick overview of the participation opportunities in Resolv.
What is Resolv?
Resolv is a delta-neutral stablecoin protocol based on a market-neutral investment portfolio tokenization approach. The delta-neutral strategy aims to minimize the risk of price fluctuations of the underlying assets. In a delta-neutral portfolio, investors balance price fluctuation risks by combining multiple positions that offset each other's price movements, primarily achieved by using financial derivatives (such as options or perpetual contracts). This is similar to Ethena, whose product mainly obtains stable income through shorting funding rates, while a small portion of profits is obtained through re-staking and other income-generating assets. The profit from the fund pool is divided into three parts, distributed every 24 hours, including basic rewards to holders of staked USR (stUSR) and RLP; risk premium solely for RLP; and protocol fees transferred to the protocol treasury.
Resolv includes three types of tokens, besides the project's governance token RESOLV, there are two other tokens: USR and RLP.
USR is a stablecoin fully backed by ETH collateral, with a stable value pegged to 1 USD. Users can mint and redeem liquid collateral at a 1:1 ratio and earn income by staking USR.
RLP is its scalable insurance layer, designed to protect USR from market risks, with RLP's value dynamically changing based on the protocol's profit and loss. In exchange, RLP users will receive a higher proportion of profits from the collateral pool, but they also need to bear losses.
Through this point, Resolv effectively differentiates investors with different preferences.
The distribution of funds for the Resolv project is clear, transparent, and traceable. Currently, approximately 61.5% is on-chain, 27.2% of the funds are located in neutral institutions, and 10.5% is in the popular exchange Hyperliquid. They also plan to launch HyperEVM, which is expected to become a top-tier stablecoin project.
Airdrop Guide
Its income sources can be divided into two parts: daily income and points.
Daily income
The daily income differs based on holding different tokens:
Low-risk conservative investment preference: By staking the stablecoin USR, the annualized return in the past 7 days is 10.12%.
High-risk aggressive investment preference: By purchasing RLP tokens, the annualized return in the past 7 days is 31.27%.
Points acquisition and bonuses
The current ways to earn points in Resolv mainly include purchasing USR and RLP. Additionally, participating in other activities can also earn corresponding points and enjoy points bonuses.
According to the rules published by the official, the current cap on points bonuses is around 165%.
The fourth phase of activities defaults to a 50% points bonus. Currently, the activities are in the fourth phase, with less than a week remaining until the end.
New users can get a 20% points bonus by using an invitation link. The inviter can receive 10% of the total points earned by the invited person.
Hyperliquid users can receive a 10% points bonus. Only deposit and withdrawal operations are required, no trading is necessary.
Dinero users can receive a 10% points bonus. They need to stake ETH on the platform to receive pxETH, which must be in the wallet to earn this benefit.
Different levels of points bonuses are obtained by completing a varying number of activities. Completing 7 or more activities grants a 50% points bonus; 5 or more activities grant a 25% points bonus, and 3 or more activities grant a 10% points bonus. The official website offers over 10 ways to participate in activities.
Purchasing NFTs can earn a 25% points bonus. For large capital players, buying NFTs is relatively more worthwhile (initially Free Mint), currently the floor price is about 0.56 ETH, with the highest floor price reaching 0.79 ETH, an increase of over 20 times.
The highest activity bonus of 50% requires participation in at least 7 types of activities, with a few recommended types that are simple to operate and have relatively low risk: (Note: If your capital is small, you can choose to participate in activities on the BASE chain to save on GAS.)
Holding USR on ETH;
Holding USR on BASE;
Staking USR on the Ethereum mainnet;
Purchasing RLP on the Ethereum mainnet;
Purchasing RLP on BASE;
Providing liquidity on Pendle;
Providing liquidity on Aerodrome:
