Resolv (https://www.resolv.xyz/) is a protocol that maintains USR, a stablecoin fully backed by ETH and pegged to the US Dollar. The stablecoin’s delta-neutral design ensures price stability, and is backed by a tokenized insurance pool (RLP) to provide additional security and overcollateralization.
USR has an interest-bearing token pair, stUSR (rebased), and wstUSR (ERC-4626 no-rebasing wrapper).
Resolv is launching public campaign in early September and seeks to expand liquidity and use cases for its tokens.
This proposal aims to add a Gauge for the wstUSR Spectra pool.
We’d like to add this pool to Spectra’s gauge system to incentivise liquidity of PT on wstUSR. Use cases enabled from that integration:
Term fixed rate for LPs who are looking to lock in their cash yield;
wstUSR PT as underlying for structured products;
Leverage play on wstUSR yield and incentives.
Benefit of this integration for Resolv
More exposure to Resolv within DeFi community.
Wider set of investment cases and liquidity venues for USR.
Benefit of this integration for Spectra
Increased tokenized TVL and AMM TVL
Increased visibility across Resolv community and liquidity providers.