CryptoCurrencies
17685
Exchanges
500
Total Market Cap
4,158,475,174,453
Volume 24h
354,067,666,228
Dominance
BTC 56.58%   ETH 10.68%   XRP 4.93%   USDT 3.90%

Resolv RLP
RLP

1.220
$
0.05 %
Change 24h
Market Cap
$ 233,182,247
Volume 24h
$ 1,851,959
Circulating Supply
191,788,888
Total Supply
6,284,142
RLP
$
# Exchange Pair Price Volume 24h

Description

Resolv is a protocol that maintains USR, an overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR. USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount. RLP: ETH portfolio backs USR with a more than 100% ratio. Excess part of collateral acts as a backing for RLP - Resolv Liquidity Pool. Key features of RLP: RLP is designed to protect USR from market and counterparty risks. In exchange, RLP users receive higher portion of profits of the collateral pool. RLP has a price, representing value of ETH backing a single unit of RLP token; RLP price can vary. Collateral required for minting or redemption is based on the latest price;