The Resolv Potential: Still Early? Alpha? Underfarmed?

Resolv is an competitor to Ethena with architectural differences and a tranche structure.

Expected returns exceed competitors → A good place to park stablecoins.
Airdrop opportunity → Still relatively low competition.

The product is divided into two tokens.

$USR Stablecoin: backed by on-chain assets
- Expected yield: 15% APY
- Pegged to the dollar, supported by hedged ETH
- Transparency and protection from counterparty and funding risks through $RLP.

$RLP Leveraged Token / Non-Stablecoin: employs a delta-neutral strategy
- Expected yield: 30% APY
- Cash and carry, optimizing yield on assets where it performs better
- Supports the peg to $USR: Negative funding is absorbed into $RLP; Positive is distributed between $RLP and $USR ($stUSR).