Author: shaofaye123, Foresight News
Recently, Wealth magazine reported that Tether is expected to achieve over $10 billion in net profit by the end of this year. The substantial profits in the stablecoin sector have attracted considerable attention, and several global banks also hope to join the stablecoin market. Its TVL has increased from $130 billion at the beginning of the year to $200 billion. On December 6, the founder of Ethena mentioned the Resolv protocol, leading to a rapid growth in Resolv's TVL, nearly 400% increase in the last two weeks, reaching 333M. What is Resolv? How can its points be obtained? With the token issuance imminent, this article provides a quick overview of Resolv's participation opportunities.
What is Resolv?
Resolv is a delta-neutral stablecoin protocol based on market-neutral investment portfolio tokenization. The delta-neutral strategy aims to minimize risks from price fluctuations of underlying assets. In a delta-neutral portfolio, investors balance price fluctuation risks by combining multiple positions that offset each other, mainly using financial derivatives (such as options or perpetual contracts). This is similar to Ethena, whose products primarily earn stable returns through short funding rates, and a small portion of profits is generated through re-staking and other interest-bearing assets. The profit from the fund pool is divided into three parts, distributed every 24 hours, including basic rewards—distributed to holders of staked USR (stUSR) and RLP; risk premium—only for RLP; and protocol fees—transferred to the protocol treasury.
Resolv includes three types of tokens, in addition to the project’s governance token RESOLV, there are also USR and RLP tokens.
USR — is a stablecoin fully backed by ETH collateral, with a stable value pegged at $1. Users can mint and redeem liquid collateral at a 1:1 ratio and earn yield by staking USR.
RLP — is its scalable insurance layer, designed to protect USR from market risks, with the value of RLP dynamically changing based on the protocol's profits and losses. In exchange, RLP users will receive a higher proportion of profits from the collateral pool but also need to bear losses.
Through this, Resolv effectively distinguishes 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 in neutral institutions, and 10.5% is on the popular exchange Hyperliquid. It also plans to launch HyperEVM, expected to become a top stablecoin project on it.
Airdrop Guide
Its earnings can be divided into two parts: daily earnings and points.
Daily Earnings
Holders of different tokens have different daily earnings:
Low-risk stable investment preference: By staking the stablecoin USR, the annualized return in the last 7 days is 10.12%.
High-risk aggressive investment preference: By purchasing RLP tokens, the annualized return in the last 7 days is 31.27%.
Points Acquisition and Bonus
The current main ways to acquire points in Resolv are purchasing USR and RLP. Additionally, participating in other activities can also earn corresponding points and enjoy points bonuses.
According to the rules announced by the official, the current upper limit for points bonuses is approximately 165%.
The fourth phase of the activity has a default points bonus of 50%. The current activity is in the fourth phase, with less than a week remaining until it ends.
Using the invitation link, newcomers can receive a 20% points bonus. The inviter can earn 10% of the total points of the invited person.
Hyperliquid users can receive a 10% points bonus. Only deposit and withdrawal operations are required, no trading is needed.
Dinero users can receive a 10% points bonus. You need to stake ETH on the platform to obtain pxETH, and pxETH must be in the wallet to earn this yield.
Different levels of points bonus are obtained based on the number of activities completed. Completing 7 or more activities grants a 50% points bonus; completing 5 or more grants a 25% points bonus; completing 3 or more grants a 10% points bonus. The official website offers more than 10 ways to participate in activities.
Purchasing NFTs can earn a 25% points bonus. For major players, purchasing NFTs is relatively more worthwhile (initially Free Mint), with the current floor price around 0.56 ETH, peaking at 0.79 ETH, an increase of over 20 times.
The highest activity bonus of 50% requires participation in at least 7 activities, with several simple, low-risk types recommended as follows: (Note: If your capital is relatively small, you can choose activities on the BASE chain to save on GAS.)
Hold USR on ETH;
Hold USR on BASE;
Stake USR on Ethereum mainnet;
Purchase RLP on Ethereum mainnet;
Purchase RLP on BASE;
Provide liquidity on Pendle;
Provide liquidity on Aerodrome:
