Resolv Labs, the entity behind the decentralized finance (DeFi) protocol named Resolv, has successfully finalized a seed funding round of $10 million to boost its yield-focused stablecoin platform and the USR stablecoin, as disclosed in an exclusive interview with CoinDesk.
The funding round was led by Cyber.Fund and Maven11, with participation from several other investors including Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, and Robot Ventures, along with Animoca Ventures.
Key Highlights:
- Resolv Labs secured $10 million to grow its yield-generating stablecoin technology.
- The protocol enables USR stablecoin holders to engage in a crypto-centric delta-neutral yield strategy inspired by structured financial products.
- This funding round highlights the increasing investor enthusiasm around stablecoin frameworks that provide yield to token holders.
Stablecoins, which are pegged to an external asset, currently represent a rapidly growing segment of cryptocurrencies worth approximately $230 billion. They are gaining traction beyond their usual roles in trading and payments, as more protocols offer yield-bearing alternatives known as synthetic dollars, embedding various investment strategies into a digital token with stable prices and redistributing earnings to holders.
“I perceive stablecoins as the ideal medium for yield distribution,” stated Kozlov in a discussion with CoinDesk. “They may outstrip traditional transaction-based stablecoins like USDT in terms of significance in the future.”
An example of this rising trend is Ethena’s USDe token, which has attracted $5 billion by implementing a delta-neutral strategy that balances long and short positions in cryptocurrencies such as BTC and ETH.
In a similar fashion, Resolv’s USR token is engineered to maintain its $1 peg while providing stable yields from the crypto ecosystem and protecting holders against significant price volatility. This dual-layer risk-diversification strategy, influenced by Kozlov’s history in structured finance, allows less risky investors to earn modest but consistent yields while risk-takers engage through a secondary insurance layer represented by the RLP token.
Following its launch in September 2024, Resolv quickly amassed over $600 million in assets during a crypto market uptick. However, as market conditions shifted to a bearish trend, its total value locked decreased to about $450 million recently.
With this new funding, Resolv intends to broaden its yield opportunities to encompass BTC-based strategies and enhance ties with institutional digital asset managers, while also expanding across multiple blockchains to widen its audience beyond early crypto enthusiasts.
