Recently, the topics of RWA and stablecoins have been discussed more and more, especially after Circle's push for listing. More and more stablecoin project parties believe that stablecoins issued based on U.S. Treasury bonds are the most stable and ensure fixed income products. However, in reality, there are still few people doing this. The reason is that although the returns are stable, the yield of around 4% may not be enough to subsidize the market. Secondly, the purchasing power market for stablecoins is already saturated enough. USDT and USDC have already taken the largest market share, and other stablecoins, even the veteran DAI, are in a minor state in the market, not to mention the support from exchanges. FDUSD and TUSD are the best examples. So why are there still people using stablecoins without payment and purchasing links? It's because of the "yield." Since the start of stable calculations in 2020, stablecoins have been used less and less as a payment method and more as protocol support to provide yields. Staking is the best protocol. The early DAI was based on this principle, obtaining stablecoin exposure through over-collateralizing ETH. But as ETH price fluctuations increased, DAI has transformed from a stablecoin to a "staking platform." So why not directly use U.S. Treasury bonds as collateral, which is more stable and less worrying? Although the yield may decrease, stability increases, liquidation decreases, and applicability also improves. However, there is indeed still a large demand for $BTC and $ETH collateral on-chain, and on-chain lending is now the best way to confirm yields in DeFi. Therefore, using BTC and ETH lending to leverage users' spot positions and using U.S. Treasury bonds to hedge risks is a very standard combination. Liquid funds continuously surpass passive strategies through the lending market, liquidity provider positions, and yield maximization strategies, fully utilizing assets. Resolv's collateral pool will develop into a set of isolated, yield-optimized asset clusters, integrating blue-chip DeFi protocols. But since there are already many protocols for ETH and BTC in the market, there is a more "wild" play, adding altcoin and contract collateral and hedging into the yield pool to expand yields. Resolv captures synthetic dollar yields from these high-interest environments by building a hedged altcoin vault while maintaining risk control. @ResolvLabs is such a play. Resolv is a neutral spread stablecoin architecture, with the core being $USR, a stablecoin pegged to the U.S. dollar, including neutral Delta perpetual contracts, staking, lending, and re-staking. It also adopts a dual-coin scheme, where $USR serves as the stable yield layer and can be regarded as a stablecoin directly generated from collateral, while $RLP gains yields through volatility. Currently, Resolv also collaborates with Pandle, supporting USR staking and point acquisition on Pandle.