Resolv Labs, the corporate advancing the DeFi protocol Resolv, closed a $10m seed funding spherical.
The spherical was led by Cyber.Fund and Maven11, with participation from Coinbase Ventures, SCB Restricted, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robotic Ventures, Animoca Ventures and others.
The corporate intends to make use of the funds to increase its platform and USR stablecoin to incorporate bitcoin (BTC)-based methods and its integrations with institutional digital asset managers.
Led by Ivan Kozlov, founder and CEO, Resolv Labs Resolv is a protocol sustaining USR, a stablecoin natively backed by Ether (ETH) and pegged to US Greenback.
The protocol’s important options embody:
- Issuance and redemption of USR towards different tokens;
- Sustaining sufficent backing by ETH always. That is achieved by hedging ETH worth with brief perpetual futures positions;
- Sustaining RLP (Resolv Liquidity Pool), a liquid insurance coverage pool designed to maintain USR overcollateralized.
Each USR and RLP may be minted and redeemed by customers in change for collateral deposited on 1:1 foundation.
FinSMEs
21/04/2025
