Check Resolv RLP Current Price Today.

$1.17

0.30% (24H)
Low $1.16
High $1.17
  • Market Cap $73.85 M
  • Volume $203,568
  • Available Supply 63.03 M RLP
  • ATH $1.35
  • ATH(% Change) -13.56%

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DatePriceVolumeMarketCap
# ExchangePairPriceVolume (24h)UpdatedTrust Score
Data by Coingecko API

Resolv RLP current price is $1.17 with a marketcap of $73.85 M. Its price is 0.30% up in last 24 hours.

Resolv is a protocol that maintains USR, an overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR. USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount.RLP:ETH portfolio backs USR with a more than 100% ratio. Excess part of collateral acts as a backing for RLP - Resolv Liquidity Pool. Key features of RLP:RLP is designed to protect USR from market and counterparty risks. In exchange, RLP users receive higher portion of profits of the collateral pool.RLP has a price, representing value of ETH backing a single unit of RLP token;RLP price can vary. Collateral required for minting or redemption is based on the latest price;