Written by: shaofaye123, Foresight News

Recently, a magazine article stated that Tether is expected to achieve a net profit of over $10 billion by the end of this year. The lucrative profits in the stablecoin sector have attracted significant attention, and many banks globally 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, the founder of Ethena mentioned the Resolv protocol, and Resolv's TVL began to grow rapidly, increasing nearly 400% in the past two weeks, reaching 333M. What is Resolv? How can its points be earned? With token issuance imminent, this article provides a quick overview of the participation opportunities in Resolv.

What is Resolv?

Resolv is a Delta-neutral stablecoin protocol based on tokenization around a market-neutral investment portfolio. The Delta-neutral strategy aims to minimize the risks posed by price fluctuations of the underlying assets. In a Delta-neutral portfolio, investors balance price movement risks by combining multiple positions that offset each other's price changes, mainly achieved through financial derivatives (such as options or perpetual contracts). This is similar to Ethena, whose products primarily earn stable returns through short funding rates, with a small portion of profits generated from re-staking and other interest-bearing assets. The profit of the capital pool is divided into three parts, distributed every 24 hours, including basic rewards — distributed to holders of staked USR (stUSR) and RLP; risk premium — applicable only to RLP; protocol fees — transferred to the protocol treasury.

Resolv includes three types of tokens: besides the project's governance token RESOLV, there are also USR and RLP tokens.

  • USR — a stablecoin fully backed by ETH collateral, pegged to a stable value of 1 dollar. Users can mint and redeem liquid collateral at a 1:1 ratio and earn returns by staking USR.

  • RLP — its scalable insurance layer designed to protect USR from market risks. The value of RLP fluctuates dynamically based on the protocol's profits and losses. In exchange, RLP users will receive a higher proportion of profits from the collateral pool but must also bear losses.

Through this, Resolv effectively distinguishes between investors with different preferences.

Resolv's project fund distribution is clear, transparent, and traceable. Currently, about 61.5% is on-chain, 27.2% of the funds are with neutral institutions, and 10.5% is with the popular exchange Hyperliquid. It also plans to launch HyperEVM, expected to become a top stablecoin project on it.

Airdrop Guide

Its sources of income can be divided into two parts: daily returns and points.

Daily returns

Different tokens yield different daily returns:

  • Low-risk conservative investment preference: by staking the stablecoin USR, the annualized return over the last 7 days is 10.12%.

  • High-risk aggressive investment preference: by purchasing RLP tokens, the annualized return over the last 7 days is 31.27%.

Points acquisition and bonuses

The main ways to earn points for Resolv are through purchasing USR and RLP. Additionally, participating in other activities can also earn corresponding points and enjoy point bonuses.

According to the rules published by the official, the current upper limit for point bonuses is approximately 165%.

  • The fourth phase of the activity has a default points bonus of 50%. The activity is currently in its fourth phase and will end in less than a week.

  • New users can receive a 20% points bonus by using an invitation link. The inviter can earn 10% of the total points of the invited person.

  • Hyperliquid users can earn a 10% points bonus. Simply deposit and withdraw, no trading required.

  • Dinero users can earn a 10% points bonus. They need to stake ETH on the platform to obtain pxETH, which must be in the wallet to earn this benefit.

  • Different levels of points bonuses are awarded based on the number of activities completed. Completing 7 or more activities can earn a 50% points bonus; completing 5 or more earns a 25% points bonus, and completing 3 or more earns a 10% points bonus. The official website offers over 10 ways to participate in activities.

  • Purchasing an NFT can earn a 25% points bonus. For larger investors, purchasing an NFT is relatively more worthwhile (initially free mint); the current floor price is about 0.56 ETH, with a maximum floor price reaching 0.79 ETH, an increase of over 20 times.

The maximum activity bonus of 50% requires participation in at least 7 different activities. The following are recommended types of activities that are simple to operate and relatively low risk: (Note: If your capital is small, you may choose to participate in activities on the BASE chain to save on GAS.)

  • Hold USR on ETH;

  • Hold USR on BASE;

  • Stake USR on the Ethereum mainnet;

  • Purchase RLP on the Ethereum mainnet;

  • Purchase RLP on BASE;

  • Provide liquidity on Pendle;

  • Provide liquidity on Aerodrome.