Resolv wstUSR $WSTUSR is a stablecoin protocol backed by ETH, ensuring overcollateralization and price risk mitigation. More
| Fully Diluted Valuation | $197.24M |
|---|---|
| 24H Trading Volume | $2.09M |
| 24H Low / High | $1.09 / $ 1.09 |
| Circulating Supply | 181.14 M |
| Total Supply | 181.14 M |
| Max Supply | 0.00 |
| Categories | Crypto-Backed Tokens 3 more |
|---|---|
| Founder | Anonymous |
| Website | resolv.xyz |
| Socials | 1 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 1 more |
| Contracts |
0x120....75055
|
| Name | Pair | OG Score |
|---|
Resolv wstUSR $WSTUSR is an innovative protocol designed to maintain USR, a stablecoin that is natively backed by Ether (ETH) and pegged to the US Dollar. The project brings a unique approach to stablecoin mechanics through its use of collateralized and hedged financial infrastructure.
Core Features of Resolv wstUSR $WSTUSR
The protocol offers groundbreaking financial mechanisms with the following key features:
Issuance and Redemption of USR: Users can issue and redeem USR in exchange for other tokens.
Sufficient Backing by ETH: To ensure stability and security, Resolv wstUSR $WSTUSR maintains continuous backing by ETH. It achieves this by hedging the price of ETH using short perpetual futures positions.
Resolv Liquidity Pool (RLP): The protocol supports RLP, a liquid insurance pool that guarantees USR remains overcollateralized at all times.
Both USR and RLP can be minted and redeemed directly by users on a 1:1 basis against deposited collateral. This ensures operational transparency and user trust.
Use Cases of Resolv wstUSR $WSTUSR
The versatile and robust nature of the protocol fosters several use cases:
Stablecoin Transactions: Users can effectively utilize USR as a stable and secure medium of exchange.
Hedging Mechanisms: Through perpetual futures positions, the protocol allows for price risk mitigation on Ether holdings.
Insurance and Security: The RLP feature acts as a safety net, ensuring that USR maintains its peg and overcollateralization even during volatile market conditions.
Why Use Resolv wstUSR $WSTUSR?
The reasons to adopt Resolv wstUSR $WSTUSR include:
Its delta-neutral portfolio design to minimize market risk.
The collateral pool mechanism ensures the stability and security of USR.
Transparent and user-focused issuance and redemption processes for USR and RLP.
Conclusion
In conclusion, Resolv wstUSR $WSTUSR is a uniquely structured protocol that bridges the gap between traditional financial instruments and decentralized stablecoins. It delivers exceptional reliability, transparency, and security in the DeFi space through its ETH-backed stablecoin and accompanying liquidity pools.
Resolv wstUSR $WSTUSR is an ETH-backed stablecoin protocol with delta-neutral hedging and overcollateralization features.
The founders are anonymous.
Curve (Ethereum)
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Resolv wstUSR WSTUSR. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Resolv wstUSR (WSTUSR) is ($181,144,591), max supply of Resolv wstUSR WSTUSR is ($0) and the market cap of Resolv wstUSR WSTUSR is ($197,241,616).
What is the Resolv wstUSR (WSTUSR) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Resolv wstUSR (WSTUSR) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Resolv wstUSR (WSTUSR) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Resolv wstUSR WSTUSR) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Resolv wstUSR (WSTUSR) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Resolv wstUSR (WSTUSR) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
