Resolv Labs, the company behind $ 450 million Decentralized Finance (Defi) Protocol Resolv, has closed a $ 10 million seed round to expand its crypto-native revenue platform and USR Stablecoin, the team told Coindesk in an exclusive interview.
The investment round was led by Cyber.fund and Maven11, with extra support from Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, Nolimit Holdings, Robot Ventures, Animoca Ventures and others.
Stablecoins, a $ 230 billion and rapidly expanding class of cryptocurrencies with linked prices at an external active, attract attention to much further than their traditional use in payments and trade. A growing framework of crypto protocols offers yield stable coins or “synthetic dollars”, which packs different investment strategies in a digital token with a stable price and pass on part of the income to holders.
“I see Stablecoins as the perfect rails for yield distribution,” said Ivan Kozlov, founder and CEO of Resolv, in an interview with Coindesk. “This can actually get bigger than transaction -stablecoins such as [Tether’s] USDT in the future. “
The most striking example of the trend is $ 5 billion of Ethena, which mainly strives for a delta-neutral position by keeping cryptocurrencies such as BTC, ETH and Sol and at the same time raising the same size of continuous futures, the proceeds from financing percentages.
Resolv also follows a similar strategy: the USR token, anchored up to $ 1, is a delta-neutral stablecoin that is designed to supply stable yields from crypto markets, while holders of competitive price fluctuations protect.
The protocol achieves this by splitting the risk between two layers, inspired by Kozlov’s background in structured products in traditional finances. USR Stablecoin holders are in the less risky senior tranche that earns stable but lower yields, with riskolerant investors in the insurance layer of the protocol represented by the RLP token with floating price. This model, borrowed from structured finances, is intended to make crypto yields more predictable without sacrificing decentralization, Kozlov explained.
After the launch in September 2024, the protocol quickly reached more than $ 600 million in assets driven by attractive revenues during the crypto rally after the election victory of Donald Trump, according to Defillama data. However, as the markets became Bearish and the revenues are compressed, the total value of Resolv also slid to around $ 450 million this month.
With the new capital increase, RESOLV is planning to expand its revenue sources with Bitcoin (BTC) -based strategies and to deepen his integrations with institutional digital assets managers, Kozlov said. The protocol is also intended to expand to new block chains, so that the range goes beyond early crypto adopters.
Correction (April 16, 15:30 UTC): Removes reference to the SCB Limited affiliation.
