RWA·Ethereum · Base · Arbitrum
Resolv
Delta-neutral synthetic dollar protocol. USR is a USD-pegged stablecoin backed by ETH/BTC spot collateral hedged with short perpetual futures positions; stUSR/wstUSR are the staked yield-bearing variants. RLP is a leveraged equity/insurance token that absorbs counterparty and basis risk in exchange for amplified returns — protecting USR holders from drawdowns.
- 01synthetic-dollar UX with funding-rate yield
- 02stUSR / wstUSR as a yield-bearing stable
- 03RLP for advanced users seeking leveraged basis-trade returns
- 04ETH/BTC delta-neutral exposure as a savings primitive
- pnpm add viem
| Variable | Scope | Description |
|---|---|---|
| NEXT_PUBLIC_USR_ADDRESS | Client | USR ERC-20 on Ethereum mainnet: 0x66a1E37c9b0eAddca17d3662D6c05F4DECf3e110. |
| NEXT_PUBLIC_STUSR_ADDRESS | Client | stUSR ERC-20 (rebasing staked USR) — deposit USR to receive stUSR and accrue yield. |
| NEXT_PUBLIC_RLP_ADDRESS | Client | RLP ERC-20 (leveraged insurance / equity token) on Ethereum mainnet. |
Use Resolv for a delta-neutral synthetic-dollar UX. Mint USR through the USR Request Manager: `USRRequestManager.requestMint(collateral, amount)` — collateral (USDC, ETH, etc.) is queued and minted USR is delivered after the protocol opens the matching short hedge; mints clear in minutes, not blocks. Stake into stUSR (rebasing) for funding-rate yield: `IERC20(USR).approve(stUSR, amount); stUSR.deposit(amount, receiver)`. wstUSR is the non-rebasing wrapper for DEX/LP composability. RLP is the equity tranche — its NAV moves with the protocol's hedge P&L and absorbs first losses, so it is NOT a stable; expose it only to advanced users with a clear risk warning. Redemption uses an off-chain request flow (`USRRequestManager.requestRedeem`) that may take hours to settle, depending on hedge unwind. Always pull current backing composition and RLP NAV from the protocol's read endpoints before showing balances.
- ⚑USR peg depends on perpetual funding rates and the integrity of off-chain CEX hedge venues — sustained negative funding or a CEX failure erodes the backing; surface this explicitly (similar risk profile to Ethena USDe).
- ⚑Resolv had a security incident in early 2026 involving unauthorized minting of USR — protocol responded but the incident is a fresh data point; verify current contracts and any post-incident mitigations before integrating.
- ⚑Mint and redemption are request-based (off-chain settlement of hedges) — they are NOT instant; build queue UI and never assume same-block atomicity.
- ⚑stUSR is rebasing — DEX LPs and ERC-4626 wrappers must use wstUSR (the non-rebasing wrapper) to avoid balance-drift accounting bugs.
- ⚑RLP holders take the FIRST loss in any hedging shortfall — in extreme funding regimes RLP can lose meaningful NAV; never present RLP yield without showing historical drawdowns.
- ⚑Off-exchange settlement custodians (Fireblocks, Ceffu, Copper) hold the underlying spot — custodian failure is the dominant tail risk; show the latest reserve attestation.
- ⚑US persons are restricted from the official staking flow via the frontend — geofence and surface the jurisdictional note.
- ⚑Stablecoin-de-peg events 2023-2025 (USDC SVB, USDT brief de-peg) propagate into USR via USDC collateral; a future USDC issue is felt immediately.