Summary
Resolv Labs proposes an incentive matching in rEUL for USDC in vault USDC19 (liquidity for Resolv market) worth a total value of 10,000 $USDC over 1 month.
About Resolv
Resolv (www.resolv.xyz) is a hybrid delta-neutral stablecoin protocol, maintaining $USR, a stablecoin overcollateralized by a high-yield protection layer $RLP. Resolv collateral pool integrates the best of CeFi and DeFi native products to maintain staked ETH + short futures strategy. Recent integrations include Hyperliquid perps and Dinero apxETH.
Resolv has been live in private beta since April 2024 and launched publicly in September 2024.
Metrics as of 2 December 2024:
- TVL: $41.4mn
- Staked USR 30d APR: 20.35%
- RLP 30d APR: 35.85%
For Resolv, Euler will become a debut tier-1 lending marketplace. There is a substantial interest from Resolv community to utilize leverage opportunities and enable use cases, including:
- leveraging their holdings in $USR, $wstUSR, and Curve USR-USDC LP tokens;
- lending $USR against BTC, ETH, and assets pegged to them;
- lending $USDC to earn liquid market yields plus Resolv points.
Incentive Program Structure
- Token: USDC 10,000
- Distribution:
- Supply side: single campaign for 1 month
- Matching request: $10,000 in rEUL over 1 month
- Other incentives:
- 5x Resolv points per 1 USDC daily will be allocated to lending-side positions in USDC.
- Resolv points allocation to USR, wstUSR, and RLP tokens deposited as collateral or lending-side positions according to the terms of Resolv point programme.
Rationale & benefit for Euler DAO
- Expanding Euler’s user base through Resolv community
- Establishing Euler as inaugural permissionless lending venue for Resolv tokens.
- Enabling a new source of incentivized lending-side liquidity for stablecoin looping and ETH/BTC leverage trading
Team and Community
- Website: https://resolv.xyz/
- Twitter: x.com
- Community:
- Discord Resolv
- Telegram Telegram: Contact @Resolv_Community