Resolv Labs, the company behind the decentralized funding protocol of $ 450 million, Resolv, ended a 10 million dollar seeds to extend its crypto-native yield platform and Stablecoin USR, told Coindesk Coindesk in an exclusive interview.
The investment tour was led by Cyber.Fund and Maven11, with additional Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, Nolimit Holdings, Robot Ventures, Animoca Ventures and others.
Stablecoins, a class of cryptocurrencies at $ 230 billion and in rapid expansion of cryptocurrencies at fixed prices for an external active ingredient, capture attention far beyond their traditional use in payments and exchanges. An increasing framework of crypto protocols offers stables of yield or “synthetic dollars”, by finishing various investment strategies in a digital token at a stable price and by transmitting part of the profits to holders.
“I consider stablecoins as the perfect rails for the distribution of yields,” said Ivan Kozlov, founder and CEO of Resolv, in an interview with Coindesk. “It can actually become larger than transaction stables like (Tether) USDT in the future.”
The most notable example of the trend is the USDE token of $ 5 billion from Ethena, which mainly pursues a neutral position of Delta by holding cryptocurrencies like BTC, ETH and soil and to short-circuit the equal size of perpetual assets, by recovering the yield of funding rates.
Resolv also pursues a similar strategy: its USR token, anchored at $ 1, is a neutral Delta stablecoin designed to provide stable yields from cryptographic markets, while protecting holders of net price swings.
The protocol succeeds by dividing the risk between two layers, inspired by the history of Kozlov in structured products in traditional finance. Stablecoin USR holders are seated in the less risky senior slice of stable but lower yields, with risk tolerant investors in the protocol insurance layer represented by the RLP token at floating prices. This model, borrowed from structured finance, aims to make cryptographic yields more predictable without sacrificing decentralization, Kozlov explained.
After its launch in September 2024, the protocol quickly reached more than 600 million dollars in attractive yields during the crypto rally after Donald Trump’s electoral victory, according to Defillama. However, while the markets became LERSEH and give compressed compressions, the total value of Resolv is locked (TVL) also slipped around $ 450 million this month.
With the new capital increase, RESOLV plans to extend its performance sources to include Bitcoin -based strategies (BTC) and deepen its integrations with institutional digital asset managers, Kozlov said. The protocol also aims to develop in new block channels, expanding its scope beyond the first cryptography adopters.
Correction (April 16 3:30 pm UTC): Deletes the reference to the affiliation of SCB Limited.
