Finance, Stablecoins, DeFi, Yield, Venture Capital Stablecoins are “perfect rails for yield distribution,” the protocol’s CEO and founder Ivan Kozlov stated in an interview.
Resolv Labs, the agency behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed spherical to broaden its crypto-native yield platform and USR stablecoin, the workforce instructed CoinDesk in an unique interview.
The funding spherical was led by Cyber.Fund and Maven11, with further backing from Coinbase Ventures, Susquehanna’s subsidiary SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures and others.
Stablecoins, a $230 billion and quickly increasing class of cryptocurrencies with pegged costs to an exterior asset, are capturing consideration effectively past their conventional use in funds and buying and selling. A rising cadre of crypto protocols provide yield-bearing stablecoins or “synthetic dollars,” wrapping numerous funding methods right into a digital token with a steady worth and passing on a part of the earnings to holders.
“I view stablecoins as the perfect rails for yield distribution,” Ivan Kozlov, founder and CEO of Resolv, stated in an interview with CoinDesk. “This may actually become larger than transaction stablecoins like [Tether’s] USDT in the future.”
The most notable instance of the pattern is Ethena’s $5 billion USDe token, which primarily pursues a delta-neutral place by holding cryptocurrencies like BTC, ETH and SOL and concurrently shorting equal dimension of perpetual futures, scooping up yield from funding charges.
Resolv additionally pursues an identical technique: its USR token, anchored to $1, is a delta-neutral stablecoin designed to ship steady yields from crypto markets, whereas shielding holders from sharp worth swings.
The protocol achieves this by splitting danger between two layers, impressed by Kozlov’s background in structured merchandise in conventional finance. USR stablecoin holders sit within the much less dangerous senior tranche incomes steady however decrease yields, with risk-tolerant buyers within the protocol’s insurance coverage layer represented by the RLP token with floating worth. This mannequin, borrowed from structured finance, goals to make crypto yields extra predictable with out sacrificing decentralization, Kozlov defined.
Following its launch in September 2024, the protocol rapidly ballooned to over $600 million in belongings pushed by enticing yields throughout the crypto rally after Donald Trump’s election victory, DefiLlama data exhibits. However, as markets turned bearish and yields compressed, Resolv’s whole worth locked (TVL) additionally slid round $450 million this month.
With the brand new capital elevate, Resolv plans to broaden its yield sources to incorporate bitcoin (BTC)-based methods and deepening its integrations with institutional digital asset managers, Kozlov stated. The protocol additionally goals to broaden to new blockchains, widening its attain past early crypto adopters.
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