𝑭𝒐𝒍𝒍𝒐𝒘 𝒖𝒔:

𝑷𝒍𝒂𝒕𝒇𝒐𝒓𝒎: ETH

𝑨𝒊𝒓𝒅𝒓𝒐𝒑： Confirmed ✅

𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: 𝑹𝒆𝒇𝒆𝒓 𝒕𝒐 𝒕𝒉𝒆 resolv 𝒐𝒇𝒇𝒊𝒄𝒊𝒂𝒍 𝑿 𝒂𝒏𝒅 𝒅𝒐 𝒅𝒐𝒖𝒃𝒍𝒆 𝒄𝒉𝒆𝒄𝒌 𝒕𝒐 𝒂𝒗𝒐𝒊𝒅 𝒍𝒐𝒔𝒔𝒆𝒔 𝒄𝒂𝒖𝒔𝒆𝒅 𝒃𝒚 𝒑𝒉𝒊𝒔𝒉𝒊𝒏𝒈 𝒘𝒆𝒃𝒔𝒊𝒕𝒆𝒔.

𝑬𝒙𝒉𝒂𝒏𝒈𝒆 𝒘𝒊𝒕𝒉 𝑼𝒑 𝒕𝒐 40% 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 𝒇𝒆𝒆 𝒓𝒆𝒃𝒂𝒕𝒆, 𝒔𝒊𝒈𝒏 𝒖𝒑 𝒉𝒆𝒓𝒆

1. What is resolv？
2. Step by step guide for resolv airdrop.
3. What can I earn by participating in resolv airdrop？
4. Similar project recommendations.
5. Fundraising.
6. Latest Airdrops.
7. Hot Airdrops.

𝟏.𝑫𝒆𝒕𝒂𝒊𝒍𝒔:

Earnings Analysis

Resolv generates income by combining on-chain and centralized exchange (CEX) infrastructure, utilizing a Delta-neutral strategy. Its income structure is designed through three types of tokens, covering investors with different risk preferences:

USR (Stablecoin) Earnings

Yield: Theoretical annualized yield of 7%-10%. However, affected by market conditions (e.g., negative ETH funding rates), the current actual yield is slightly lower than expected.
Mechanism: USR is pegged to 1 dollar, fully supported by overly collateralized ETH assets (120%, with 40% being on-chain assets). The primary sources of income include:
- ETH staking yields (e.g., stETH returns)
- Funding rate income from perpetual futures short positions, mainly hedged through Hyperliquid (DeFi) and Binance (CEX).
Capital Efficiency: USR can be minted directly at a 1:1 ratio via USDC, USDT, or ETH, avoiding the inefficiencies of traditional CDP models (like DAI) with over-collateralization, providing immediate liquidity and composability with DeFi protocols.
Stability: USR holders have priority in the structure, enjoying stable but lower returns through insurance protection provided by RLP.

RLP (Liquidity Pool Token) Earnings

Yield: Theoretical annualized yield of 20%-30%, but currently negatively impacted by weak ETH performance and low funding rates.
Mechanism: RLP serves as a high-risk, leveraged asset, bearing residual risks including CEX/DEX counterparty risks and funding rate fluctuations to protect USD stability. Income sources include:
- A larger proportion of funding rates and staking revenues in the protocol’s collateral pool.
- Relatively thin capital base (current TVL only 20% of USR), achieving yield leverage.
Self-Balancing Mechanism: RLP yields increase as TVL decreases, incentivizing investors to provide liquidity when the insurance layer thins out, forming dynamic leverage to attract high-risk investors.
Uses: While assuming market risks, RLP also provides potential high returns, similar to a protocol insurance fund.

RESOLV (Governance Token) Potential

Earnings Potential: Not yet clear, as RESOLV has not officially launched. Its future value may come from governance rights, protocol parameter adjustments, integration project funding, and potential airdrop expectations.
Positioning: Unlike Ethena’s ENA, RESOLV focuses more on decentralized governance and community building, rather than becoming a representative of CEX alliance rights.

Yield Comparison

USR: 7%-10% (theoretical), currently relatively competitive compared to Ethena’s sUSDe (about 5%) and traditional RWA stablecoins (like Ondo USDY 4.25%).
RLP: Aimed at investors seeking high yields similar to DeFi Summer (>20%). However, the current stage shows negative yield, indicating a significant dependence on market conditions.

Resolv attempts to capture higher funding rates through integration with Hyperliquid and Binance (e.g., Hyperliquid ETH perpetual contracts with an annualized 24%, compared to the average 12% of CEX).

Growth Potential and Airdrop Expectations

TVL Changes: Following the launch of Resolv in September 2024, the total value locked (TVL) peaked at 600 million dollars as the crypto market rebounded, but decreased to 450 million dollars due to market downturns in April 2025.
Points and Airdrop Drivers: Encouraging users to hold USR/RLP and participate in cooperative projects (such as Hyperliquid, Dinero) through a points program and potential RESOLV token airdrop.
Market Opportunity: The global stablecoin market reach 230 billion dollars, with a strong demand for interest-earning stablecoins (e.g., Ethena’s USDe has reached 5 billion dollars). Resolv can attract small capital users seeking higher yields than traditional USDT/USDC.

Core Risk Analysis

1. Counterparty and CEX Risks

Risk Point: 70% of futures positions are on Binance, and 30% on Hyperliquid. A CEX collapse could lead to hedging failures.
Mitigation Measures: Assets are held by an independent off-chain custodian, and funding sources are diversified to limit exposure to a single counterparty.

2. Funding Rate Fluctuation Risk

Risk Point: Perpetual futures funding rates are highly volatile, with the current negative funding rate on ETH shorts affecting revenues.
Mitigation Measures: Diversifying sources via staking revenues and DeFi yields (Pendle, Balancer) to hedge some risks.

3. Decoupling Risk

Risk Point: Extreme market conditions or liquidity crises on Hyperliquid may challenge the USR peg mechanism.
Mitigation Measures: USR can be arbitraged by destroying ETH at 1 dollar; if RLP capital is insufficient, new minting can be suspended to protect existing holders.

4. Liquidity and Capital Efficiency

Risk Point: Insufficient liquidity on Hyperliquid limits scaling, with high on-chain ratios lowering capital efficiency.
Mitigation Measures: Use RLP leverage to compensate for yields, and actively expand into DeFi ecosystems like Balancer, Aave, and BNB chain.

5. Regulatory and Geopolitical Risks

Risk Point: The founding team’s Russian background may trigger compliance risks with US VCs.
Mitigation Measures: Investment by institutions like Maven11 and Coinbase Ventures, with project registration in the UAE to reduce geopolitical sensitivity.

6. Smart Contract and Protocol Risks

Risk Point: The complex three-token structure and multi-chain deployment increase the attack surface for smart contracts.
Mitigation Measures: Enhance on-chain transparency and launch a bug bounty program to discover potential issues early.

Comparison with Ethena (USDe)

Aspect	Resolv (USR/RLP)	Ethena (USDe)
Token Structure	Three tokens: USR (stablecoin), RLP (insurance layer), RESOLV (governance)	Two tokens: USDe (stablecoin), ENA (governance/equity proxy)
Yield	USR: 7%-10%; RLP: 20%-30% (currently negative)	USDe: about 5%; peaked at 27%
Collateral	120% over-collateralized (on-chain + CEX hybrid)	Fully CEX-funded, BTC/ETH/SOL short
Risk Isolation	Risks protected through RLP	No dedicated insurance, relies on CEX coordination
Liquidity	Hybrid (Binance + Hyperliquid), TVL 450 million dollars	Primarily CEX, TVL 5 billion dollars
Decoupling Stability	RLP insurance protection, not yet tested under extremes	Successfully undergone decoupling stress testing

Conclusion

Earnings Perspective:
- USR: Provides higher than industry average stable yields (7%-10%) for low-risk preferences, backed by transparent on-chain support.
- RLP: Targeting high-risk investors, but current negative yield highlights the need to monitor funding rates and market volatility.
- RESOLV: Future governance rights and airdrop potential warrant attention.
Risk Perspective:
- Hedging dependence on Binance/Hyperliquid presents some counterparty risks.
- Decoupling and liquidity risks have yet to be validated in extreme conditions.
- Geopolitical and regulatory risks require ongoing observation.
Investment Advice:
- For investors looking for stable on-chain yields, USR is a reasonable choice;
- Risk-seeking investors may allocate some to RLP but should pay attention to market environments;
- Diversifying investments across projects (like Ethena, Ondo, etc.) to optimize risk-return ratios.

𝟐.𝑺𝒕𝒆𝒑-𝒃𝒚-𝑺𝒕𝒆𝒑 𝑮𝒖𝒊𝒅𝒆:

𝑽𝒊𝒔𝒊𝒕 resolv

𝑷𝒂𝒓𝒕𝒊𝒄𝒊𝒑𝒂𝒕𝒆 𝑨𝒊𝒓𝒅𝒓𝒐𝒑

Resolv Interaction Tutorial | The Next Usual?

Want to join the next wave of high-potential airdrops? Don’t miss this top-tier project!

Friendly Reminder: Staking projects carry certain risks. Please participate cautiously based on your own circumstances.

Why Pay Attention to Resolv?

In the current crypto market, the stablecoin sector has long been dominated by USDT. However, the high level of monopoly creates greater opportunities for disruptors. Resolv is one such promising emerging stablecoin protocol.

Its core logic is similar to Ethena’s, also based on a Delta-neutral strategy to generate yield, but it incorporates several improvements and optimizations, making it an advanced version of Ethena.

✅ Prepare USDC or USDT, ensuring there is sufficient balance in your wallet.
✅ **Visit the official website: ** (You can also get a 10% points bonus through this link).
✅ Connect your wallet.
✅ On the homepage, select Resolv, click Buy, and exchange USDC or USDT for $USR (it is recommended to operate when Gas is low).
✅ Complete the authorization and transaction confirmation to obtain $USR.
✅ Stake $USR: Click the Stake button on the page to stake all your $USR, maximizing your profits and airdrop points.

Project Investigation

The founder of this project is Russian, with some connections to the founder of Curve. He has appeared in person, and being Russian, this project will not score too high; here we deduct 15 points;
The VC is actually quite good but does not get full points, deduct 5 points;
The participation method is stablecoins, which is relatively simple, deduct 5 points;

You can also get resolv’s airdrop by participating the following projects:

𝟑.𝑷𝒂𝒓𝒕𝒊𝒄𝒊𝒑𝒂𝒕𝒆 𝒊𝒏 resolv 𝒂𝒊𝒓𝒅𝒓𝒐𝒑 𝒂𝒏𝒅 𝒆𝒂𝒓𝒏:
Resolv Points

4.𝑺𝒊𝒎𝒊𝒍𝒂𝒓 𝒑𝒓𝒐𝒋𝒆𝒄𝒕 𝒓𝒆𝒄𝒐𝒎𝒎𝒆𝒏𝒅𝒂𝒕𝒊𝒐𝒏𝒔:

5.𝑭𝒖𝒏𝒅𝒓𝒂𝒊𝒔𝒊𝒏𝒈:
Total Raised 10 M

6.𝑳𝒂𝒕𝒆𝒔𝒕 𝑨𝒊𝒓𝒅𝒓𝒐𝒑𝒔:

7.𝑯𝒐𝒕 𝑨𝒊𝒓𝒅𝒓𝒐𝒑𝒔:

𝑺𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆 𝑵𝒆𝒘𝒔𝒍𝒆𝒕𝒕𝒆𝒓𝒔:

𝑵𝒆𝒘𝒔𝒍𝒆𝒕𝒕𝒆𝒓𝒔

𝑫𝒐𝒏’𝒕 𝒇𝒐𝒓𝒈𝒆𝒕 𝒕𝒐 𝒇𝒐𝒍𝒍𝒐𝒘 𝒖𝒔 𝒐𝒏:

𝒕𝒐 𝒓𝒆𝒄𝒆𝒊𝒗𝒆 𝒏𝒆𝒘 𝒂𝒊𝒓𝒅𝒓𝒐𝒑𝒔!