Solve Labs, the firm behind the Protocol of Decentralized Finance (DEFI) of $ 450 million resolve, has closed a round of $ 10 million seeds to expand its crypto-native performance platform and USR Stablecoin, the team told COINDESK in an exclusive interview.
The investment round was directed by Cyber.fund and Maven11, with an additional support of Coinbase Ventures, the subsidiary of Susquehanna SCB Limited, Arrington Capital, Gumi Cryptos, Nolimit Holdings, Robot Ventures, Anima Ventures and others.
Stablecoins, a rapid cryptocurrency class expansion of $ 230 billion and in rapid expansion with prices linked to an external asset, are capturing attention far beyond its traditional use in payments and shops. A growing framework of cryptographic protocols offers performance stable or “synthetic dollars”, wrapping various investment strategies in a digital token with a stable price and transmitting part of the profits to the holders.
“I see Stablecoins as the perfect rails for the distribution of performance,” said Ivan Kozlov, founder and CEO of resolve, in an interview with Coindesk. “This can actually become larger than the transaction stable as [Tether’s] USDT in the future. “
The most notable example of the trend is Ethena token of $ 5 billion, which follows mainly a neutral delta-neutral position by maintaining cryptocurrencies such as BTC, Eth and Sun and at the same time shortening the same size of future perpetuals, obtaining the performance of financing rates.
Resolve also pursues a similar strategy: its USR token, anchored at $ 1, is a stable of delta-neutral designed to deliver stable yields of cryptography markets, while protecting the holders of the strong price swings.
The protocol achieves this by dividing the risk between two layers, inspired by the background of Kozlov in structured products in traditional finances. The holders of the USR Stablecoin are in the less risky senior section that obtains stable but lower yields, with risk tolerant investors in the protocol insurance layer represented by the Token RLP with floating price. This model, taken from structured finances, aims to make cryptography more predictable without sacrificing decentralization, Kozlov explained.
After its launch in September 2024, the protocol quickly shot more than $ 600 million in assets promoted by attractive yields during the crypto rally after Donald Trump’s electoral victory, as shown in defillion data. However, as the markets became bassists and the yields were compressed, the total resolved value (TVL) also fell around $ 450 million this month.
With the new capital increase, Solo plans to expand its performance sources to include Bitcoin -based strategies (BTC) and deepen their integrations with institutional digital asset administrators, Kozlov said. The protocol also aims to expand to new block chains, expanding its reach beyond the first cryptographic users.
