coinRLP #278

Resolv RLP

1.22USD+3.79%+3.79%As of: Aug 29, 10:44 UTC

Key Statistics

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Resolv RLP Converter

RLP
=
USD

About Resolv RLP

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. RLP: ETH portfolio backs USR with a more than 100% ratio. Excess part of collateral acts as a backing for RLP - Resolv Liquidity Pool. Key features of RLP: RLP is designed to protect USR from market and counterparty risks. In exchange, RLP users receive higher portion of profits of the collateral pool. RLP has a price, representing value of ETH backing a single unit of RLP token; RLP price can vary. Collateral required for minting or redemption is based on the latest price;
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Price Performance

1D
3.79%
7D
-2.00%
30D
3.11%
YTD
7.61%
1Y
N/A
N/A
Key Statistics
24H Range
Low$1.19High$1.23
24h Volume
243.3K
Market Cap
256.2M
Circulating Supply
209M
Total Supply
209M
Rank
278
Market Cap Dominance
0.01%
Max Supply
N/A
Fully diluted market cap
2.3K
Hashing Algorithm
N/A
Block Time in Minutes
N/A
Volume/Market Cap
0.00
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