Resolv USR
USR

1.001
$
0.06 %
Change 24h
Market Cap
$ 574,396,957
Volume 24h
$ 11,059,915
Circulating Supply
573,769,798
Total Supply
9,323,916
USR
$
# Exchange Pair Price Volume 24h

Description

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.