Resolv USD on BNB Chain

Introducing Resolv USD (USR): A New Arrival on the BNB Chain

Welcome to the detailed profile of Resolv USD (USR), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, Resolv USD (USR) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about Resolv USD (USR) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about Resolv USD (USR) and find answers to some frequently asked questions.

Token description

Resolv is a protocol maintaining USR, a stablecoin natively backed by ETH & BTC and pegged to US Dollar. The protocol's main features include: - Issuance and redemption of USR against other tokens; - Maintaining sufficient backing by ETH/BTC at all times. This is achieved by hedging ETH/BTC 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. ## Why USR? - Market-neutrality. ETH spot price changes and corresponding perpetual futures cancel each other, resulting in a stable net value. - Independence from fiat currencies. There is no $1 in the world directly attached to Resolv tokens. The only link is a claim to the exchange (in case it is a CEX), efficiently managed in terms of counterparty risk. - Capital efficiency. Minting $1 worth of USR or RLP requires $1 worth of assets (net of minting costs). No need to overcollateralize stablecoin position. - Peg. USR can be redeemed at all times for $1 worth of USDC, so any deviation from the peg can be promptly pulled to zero by arbitrage activities. - Insurance Layer. USR is protected by RLP, a scalable insurance layer. - Profitable business model. The treasury allocates inventory into staking and earns additional funding fees on futures positions.