Resolv wstUSR

wstusr

$1.13- -0.03%24h

Market Cap (USD)

$352,740,847.00

Circulating Supply

312,773,177.557

Homepage

https://resolv.xyz/

About Resolv wstUSR

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.