SGR 58: wstUSR

Gauge Request Presentation:

• Targeted Pair: 0x16d050778b6599ce94993d2ff83f8da7136421a9
• IBT contract address: 0x1202F5C7b4B9E47a1A484E8B270be34dbbC75055
• Current TVL in the Pair’s liquidity: $502,958
• Current TVL as IBT: $282M
• Twitter: @ResolvLabs
• Chain : Ethereum

Simple summary:

Resolv is the protocol that maintains USR, an ETH-backed stablecoin. The stability of the token is ensured by over-collateralisation and by the Resolv Liquidity Pool, an insurance layer for USR to protect it from market risks. USR can be staked to earn the yield generated by its collateral as well as Resolv Points.

Benefit of this integration for Resolv

• More liquidity & Additional yield opportunities for their community

Benefit of this integration for Spectra

• More yield opportunities for SPECTRA holders
• Increase Spectra’s tokenized TVL
• Increased Visibility for Spectra

Metrics:

• The current Native APY is 6.52%
• Resolv’s total TVL on Ethereum is $672M
• 558M USR in circulation