Resolv wstUSR WSTUSR
WSTUSR
?
$
%
Change 24h
Market Cap
$ ?
Volume 24h
$ ?
Circulating Supply
1841578
Total Supply
1,771,013
WSTUSR
$
Description
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.