Resolv Labs Secures $10 Million to Expand Yield-Bearing Crypto Platform
Resolv Labs has raised $10 million in a seed round to enhance its decentralized finance protocol, Resolv, which focuses on yield and the USR stablecoin. Key investors include Cyber.Fund, Maven11, Coinbase Ventures, and others.
Main points include:
- Stablecoins, valued at $230 billion, are increasingly used for yield-bearing investments.
- Resolv's CEO Ivan Kozlov believes stablecoins may surpass transaction-focused stablecoins like USDT.
- Resolv's USR token aims for stable yields while minimizing price volatility.
- The protocol utilizes a dual-layer risk model to balance earnings between lower-risk holders and those willing to take more risk.
- After launching in September 2024, Resolv's assets peaked at $600 million but fell to $450 million as market conditions changed.
- Funding will help expand yield strategies to include BTC and increase partnerships with institutional asset managers.
- Plans to broaden its reach by integrating with additional blockchains are under consideration.