eUSD
Resolv eUSD
Resolv's delta-neutral synthetic dollar — long ETH/BTC + short perps, with USR / RLP layered tranching.
Resolv's architecture splits eUSD risk: USR (the safer tranche) targets a stable peg + base yield; RLP absorbs first-loss in exchange for boosted returns. Yield engine is similar to Ethena (Basis trade) but with explicit tranche-level capital allocation.
Related terms
- Basis tradeLong spot + short perpetual (or futures) to harvest the funding-rate differential, structurally close to delta-neutral.
- Delta-neutralA position where price-sensitivity to the underlying asset nets to zero — long spot offset by short derivative.
- USDeEthena's synthetic dollar — collateralised by LSTs / LRTs hedged with short ETH perps.