Resolv Labs Raises $10M Amid Crypto Investor Interest in Income Stablecoins

Resolv Labs Raises $10M Amid Surging Crypto Investor Interest in Income Stablecoins

The protocol's CEO and founder Ivan Kozlov noted in an interview that stablecoins are “ideal vehicles for distributing income.”

Author: Christian Sandor | Edited by: Stephen Alpher Updated: April 16, 2025, 1:00 PM Published: April 16, 2025, 12:47 PM

What you should know:

• Resolv Labs has raised $10 million in a seed round to scale its yield-generating stablecoin protocol Resolv. The funding round was led by Cyber.Fund and Maven11, with participation from Coinbase Ventures, Susquehanna, Arrington Capital, Animoca Ventures.
• The protocol offers USR stablecoin holders a crypto-native, delta-neutral approach to yield based on structured finance products.
• The fundraise highlights growing investor interest in stablecoin protocols that provide income to token holders.

Resolv Labs, the company behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed round to expand its crypto yield platform and stablecoin USR, the team told CoinDesk in an exclusive interview.

The investment round was led by Cyber.Fund and Maven11, with additional support from Coinbase Ventures, a subsidiary of Susquehanna SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures, and others.

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Stablecoins, a fast-growing $230 billion class of cryptocurrencies with prices pegged to external assets, are attracting attention far beyond their traditional uses in payments and commerce. A growing number of crypto protocols are offering yield-generating stablecoins, or “synthetic dollars,” by applying various investment strategies to a price-stable digital token and passing on a portion of the profits to holders.

“I see stablecoins as ideal vehicles for yield distribution,” Ivan Kozlov, founder and CEO of Resolv, told CoinDesk. “In the future, this could become even more significant than transactional stablecoins like USDT [Tether].”

A prime example of this trend is Ethena's $5 billion USDe token, which is primarily focused on a delta-neutral position by holding cryptocurrencies like BTC, ETH, and SOL while taking equal-sized short positions in perpetual futures to generate income from funding rates.

Resolv also employs a similar strategy: its USR token, pegged at $1, is a delta-neutral stablecoin designed to provide stable returns in the crypto markets while protecting holders from wild price swings.

The protocol achieves this by spreading risk across two layers inspired by Kozlov’s experience with structured products in traditional finance. Holders of the USR stablecoin sit in the less-risky senior tranche, earning a stable but lower return, while risk-averse investors sit in the protocol’s insurance layer, represented by the floating-price RLP token. This model, borrowed from structured finance, aims to make cryptocurrency returns more predictable without sacrificing decentralization, Kozlov explained.

According to DefiLlama, after launching in September 2024, the protocol quickly grew its assets to more than

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