Resolv
AuditedRisk AlertDepeggedResolv is a basis-trading stablecoin protocol issuing USR (yield-bearing dollar) and RLP (insurance/leveraged-yield layer), backed by delta-neutral ETH/BTC/USD collateral. As of May 2026 USR is depegged following a March 22, 2026 off-chain key compromise that minted $80M of unbacked USR.
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The Problem
Existing on-chain dollar products either rely on centralised bank rails (USDC/USDT) or are over-collateralised and capital-inefficient. Yield-bearing stables typically expose holders to single-strategy risk and have no built-in loss-absorbing tranche.
The Solution
Resolv backs USR with a delta-neutral ETH/BTC/USD collateral pool hedged with short perpetuals, and isolates volatility into a junior RLP tranche. Holders of USR get a dollar-pegged yield instrument; risk-takers in RLP earn leveraged returns and absorb tail losses for the senior layer.
Why it Matters
Two-tranche basis-trading design (USR senior + RLP junior) inspired by structured-finance principles, separating stable-yield seekers from risk-seeking liquidity. Cross-chain deployment from launch (9 EVM networks). Track record damaged by March 2026 off-chain key compromise.
Protocol Metrics
Related Research
View allFrequently asked questions about Resolv
What is Resolv?+
Resolv is a Stablecoin protocol operating on Ethereum, Base, BNB Chain, Berachain, HyperEVM, Soneium, TAC, Arbitrum, Plasma. Resolv is a basis-trading stablecoin protocol issuing USR (yield-bearing dollar) and RLP (insurance/leveraged-yield layer), backed by delta-neutral ETH/BTC/USD collateral. As of May 2026 USR is depegged following a March 22, 2026 off-chain key compromise that minted $80M of unbacked USR.
How does Resolv work?+
Resolv backs USR with a delta-neutral ETH/BTC/USD collateral pool hedged with short perpetuals, and isolates volatility into a junior RLP tranche. Holders of USR get a dollar-pegged yield instrument; risk-takers in RLP earn leveraged returns and absorb tail losses for the senior layer.
Is Resolv safe?+
DeFi Sentinel rates Resolv C with a safety score of 49/100, indicating rated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Resolv has 13 audits on record. DeFi Sentinel's analysis flagged 7 high, 6 medium, 2 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Resolv?+
Resolv has a DeFi Sentinel safety score of 49/100 (rating C), last updated May 22, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Resolv support?+
Resolv is deployed on Ethereum, Base, BNB Chain, Berachain, HyperEVM, Soneium, TAC, Arbitrum, Plasma.
Has Resolv been audited?+
Yes. Resolv has 13 audit reports on record from firms including MixBytes, MixBytes, MixBytes. Audit reports and dates are linked under the Resources tab on this page.