Multi-chain protocol Resolv operates around delta-neutral strategies and offers users straightforward ways to earn yield. One way is to deposit to the HyperUSD Vault, operated by Mizu Labs and accepting the USR stablecoin from Resolv. This provides points rewards from Resolv (leading to a RESOLV token airdrop), from Mizu, and also from several HyperEVM protocols.
Additionally, yield can be earned by buying and staking RESOLV, USR, and RLP–the three native tokens of the Resolv platform–with each option offering different levels of risk and reward.
Resolv is carving out its position as a multi-chain protocol that is easy to use, offers good yields without excess risk, and–after the conclusion of its opening points campaign–has further RESOLV token airdrop rewards still to come for users participating in its Season 2 points campaign.
That all in mind, let’s take a look at how it works and the tokens it uses, and at how to execute some strategies, one of which provides exposure to Hyperliquid.
Before we proceed though, be aware of the risks involved when using DeFi, which include smart contract vulnerabilities, stablecoin de-pegs, frontend attacks, and systemic crypto risks.
What Is Resolv?
Based around a dollar-pegged stablecoin called USR, Resolv operates using a delta-neutral portfolio and offers various products through which to earn yield.
USR is backed by BTC and ETH, hedged with short perpetual futures positions, and Resolv also maintains the Reserve Liquidity Pool, which functions to ensure that USR is always over-collateralized.
USR can be minted on the protocol through depositing USDC or USDT, which can be redeemed later, and yield can be earned from USR through staking it on Resolv.
The Reserve Liquidity Pool has an associated token called RLP, which represents a share in the pool. This can also be minted by depositing USDC or USDT.
Finally, there is one more token, called RESOLV. This is a utility and governance token, it can be staked, and 10% of supply has already been airdropped to users after an initial points campaign. However, Season 2 is now operating–it runs from May 9th to September 9th–and points can be earned through activity on the protocol (please see the official documents for details) with no less than 4% of the total RESOLV supply (capped at 1 billion tokens) to be airdropped at the end of Season 2.
Resolv launched on mainnet in September 2024 and it operates across several chains: Ethereum, Base, BNB Chain, and HyperEVM.
The platform has a current TVL of $395 million, has distributed over $10 million in real yield, and has over 50,000 users. The RESOLV token is currently trading at a $152 million FDV.
Strategies
As Resolv is new and expanding there are not a wide variety of strategies to employ, but this can be an advantage as it makes the platform focused and easy to navigate. So, let’s look at some profitable activities new users can immediately participate in.
HyperUSD Vault
First of all, we’ve got the HyperUSD Vault, which is especially interesting because it’s operating in relation to HyperEVM, the general purpose blockchain of the Hyperliquid ecosystem. This is a great option as Hyperliquid is rapidly emerging as a leading network this cycle, the HYPE token is hitting new highs, and it looks advantageous to gain…
