Resolv Labs, the company behind the decentralized funding (DEFI) protocol-resolvation, has closed a $ 450 million seed, has closed a $ 10 million round to expand its crypto-native dividend platform and USR stablecoin, the team Coindesk said in an exclusive conversation.
The investment round was led by Cyber. Fund and Maven11 with further support from Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, Nolimit Holdings, Robot Ventures, Animoca Ventures and others.
StableCOins, a $ 230 billion and rapid expanding class of cryptocurrencies with bound prices at an external asset, catching attention far beyond their traditional use in payments and trading. A growing kader with cryptoprotocols offers yield -bearing stableecoin or “synthetic dollars”, wrapping various investment strategies in a digital token with a stable price and transferring part of earnings to holders.
“I consider stableecoins as the perfect rails for dividend distribution,” Ivan Kozlov, founder and CEO of Resolv, said in an interview with Coindesk. “This may actually be bigger than transaction stigecoins like [Tether’s] Usdt in the future. “
The most notable example of the trend is Ethena’s $ 5 billion USDE token, which primarily pursues a delta-neutral position by holding cryptocurrencies such as BTC, ETH and SOL and at the same time short-ending equal size of eternal futures that collect the dividend from the financing rates.
Resolv is also pursuing a similar strategy: Its USR token, anchored to $ 1, is a Delta-Neutral StableCoin designed to deliver stable yields from crypto markets, while shielders from sharp price fluctuations.
The protocol achieves this by dividing risk between two layers, inspired by Kozlov’s background in structured products in traditional financing. The USR StableCOin holders sit in the less risky senior tranche, which serves stable but lower yields, with risk-tolerant investors in the protocol’s insurance layer represented by the RLP roof with a liquid price. This model, borrowed from structured funding, aims to make crypto yields more predictable without sacrificing decentralization, Kozlov explained.
After launching in September 2024, the protocol quickly ballooned over $ 600 million in assets powered by attractive yields under the Crypto Rally after Donald Trump’s election victory, Defillama shows data. However, when the markets were Bearish and giving compressed, the Resolv’s total value slid (Tvl) also slipped around $ 450 million this month.
With the new capital increase, Resolv plans to expand its yield sources to include Bitcoin (BTC) -based strategies and elaborate on its integrations with institutional digital asset managers, Kozlov said. The protocol also aims to expand to new blockchains and expand its reach beyond early crypto recorders.
Correction (April 16, 15:30 UTC): Removes reference to SCB Limites affiliation.
