24h Vol | $1.48K |
---|---|
Liquidity | $153.13K |
Holders | 7.04K |
Age | 9 months |
FDV | $60.56M |
Market Cap | $60.56M |
About Resolv Liquidity Provider Token (RLP)
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;
RLP/USDC Price Stats
The current price of RLP (RLP/USDC) on Curve is $1.1682, the price is up 0.16% in the last 24 hours. Its 24-hour trading volume is reported to be at $1,475.38 with a total of 8 transactions. RLP/USDC contract address is 0x8e001d4bac0eae1eea348dfc22f9b8bda67dd211, with a Fully Diluted Valuation (FDV) of $60.64M and a liquidity pool of $153.13K.
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