Stablecoin Opportunity #1: Resolv

If you’ve been in crypto since before the current bull market started, you might have taken some profits and sold volatile assets for stablecoins by now.

Then the question arises, what do we do with these now?

The answer is easy for me, I want to farm more airdrops. And today, I want to share one of the protocols I’m farming with my stablecoins.

The protocol is called Resolv. And they are the issuer of the stablecoin USR, available on Ethereum mainnet and Base.

USR is fully backed by ETH collateral. Key features of USR:

• It can be minted and redeemed by users for liquid collateral on 1-to-1 basis.

• USR is overcollateralized. In addition to 100% collateral, there is an insurance layer formed by liquid ETH. Insurance layer token is RLP.

• USR is a utility token - it holds value of $1. It does not bear yield.

• Users can stake USR to get yield. Staked USR (stUSR) is a yield-bearing version of USR.

Resolv will have a governance token, $RESOLV. And you can get your hands on some by earning Resolv points through various activities within Resolv.

You can earn from 5 points to 60 points per day, and per dollar, depending on what you do with your USR.

Staking your USR will only give 5 points daily, but you’ll receive ~7% staking APR instead.

If you want 60 points per day, you can get that by holding USR YT on Pendle (among other strategies, they can all be found here).

Since I like to stay liquid with my stablecoins, my play of choice here is to just hold USR in my wallet, and get 30 points per day, and per dollar.

If you hold some stablecoins and want to give Resolv a shot, use my referral link to get a 20% points boost during the current epoch:

That’s it for today, happy farming and talk tomorrow.

/Kris Valen