The stablecoin protocol Resolv has launched a new product, Modular Cluster, following its buyback plan, becoming the next flywheel for scaling and increasing returns, differentiating itself from single-strategy stablecoin protocols like Ethena and Usual. It's a clever product that essentially platforms the sources of returns. How should we understand this? Stablecoin protocols each have their own return strategies, such as U.S. Treasury bonds, funding rates, etc., and they continuously expand their scale through their branding and marketing. Resolv's new product, Cluster, has a clever design that connects to a broader range of return sources through a clustered architecture, such as neutral perpetual contracts, lending markets, LPs, RWA, etc., and transforms them into stable and diversified returns. Through this collaboration: - Resolv enhances its sources of returns. - Partners gain more stablecoin liquidity and are more motivated to promote Resolv. - Users have more options for...
My friends who know me are aware that I prefer projects with real fundamentals and income for long-term development. Resolv is one of them, having just launched a buyback plan that uses protocol income for repurchases. The first purchase was 1M $RESOLV at a price of $0.16, with subsequent purchases executed weekly. The protocol income includes 10% of the staking pool earnings, collaboration rewards, etc., and is expected to reach $7.3 million annually. When comparing the MC / TVL Ratio with ENA, Resolv's MC is also in the lower range: ENA 0.33–0.5, Resolv 0.09. These signals indicate that Resolv's current MC of 45 million may have considerable room for growth. This might also be the main reason why Resolv is using a proportion of protocol income (75% in the first week, with dynamic adjustments each week) for buybacks: solid fundamentals (500 million TVL, RLP 7D APR 13.2%), good income, undervalued market cap, and taking advantage of the bull market to initiate upward momentum....
43.63K
27
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.