RESOLV PROOF OF RESERVES

BUILT BY APOSTRO


GENERAL METRICS

  • TVL: $352.27M
  • Market delta [1]: 0.01%
  • USR TVL: $209.53M
  • RLP TVL: $142.74M
  • RLP/USR ratio: 68.12%
  • USR over collateralization: 168.19%
  • Backing assets value: $352.41M
  • Long/Short ETH exposures [2]: $130.05M/$130.04M
  • Long/Short BTC exposures [2]: $129.29M/$129.28M
  • Strategy net exposure [3]: $22.63K [4]

COLLATERAL POOL BY ASSET

BTC................................................................................32.5%$114.50M
weETH................................................................................22.9%$80.70M
USDC................................................................................13.8%$48.61M
USCC................................................................................11.9%$41.84M
apxETH................................................................................8.6%$30.18M
wstETH................................................................................4.9%$17.41M
WBETH................................................................................4.7%$16.51M
WBTC................................................................................4.2%$14.79M
ETH................................................................................2.6%$9.20M
USDT................................................................................0.7%$2.62M
stETH................................................................................0.0%$53.25K
WETH................................................................................-6.8%-$24.00M
Total................................................................................100.0%$352.41M

BACKING ASSETS BY LOCATION

Binance................................................................................40.5%$142.82M
Treasury................................................................................33.1%$116.63M
AAVE V3................................................................................16.1%$56.68M
Hyperliquid................................................................................10.3%$36.21M
Deribit................................................................................0.0%$76.61K
Total................................................................................100.0%$352.41M

HEDGING [5]Margin [6]ShareSize
Binance (CM) BTCUSD_PERP................................................................................141.1%30.9%$79.97M
Hyperliquid (UM) BTC-USD Perp................................................................................38.3%19.0%$49.20M
Binance (CM) ETHUSD_PERP #1................................................................................29.2%17.6%$45.72M
Hyperliquid (UM) ETH-USD Perp................................................................................39.3%17.0%$44.16M
Binance (CM) ETHUSD_PERP #2................................................................................30.9%15.5%$40.03M
Deribit (CM) Empty short................................................................................0.0%0.0%$0.00
Total................................................................................100.0%$259.08M


NOTES:


[1] The market delta ratio represents a strategy's net directional exposure to asset price movements, expressed as a percentage of the total value locked (TVL). It is calculated as (the value of long positions - the notional value of short positions) / TVL. A positive ratio indicates net long exposure, while a negative ratio indicates net short exposure.


[2] Long ETH exposure measures the total value of ETH-correlated assets in a strategy's portfolio, including both direct ETH holdings and ETH LSTs.


[3] A strategy's net exposure represents its net directional position or risk in ETH. This is calculated as the difference between the value of long positions (including ETH and ETH LSTs) and the notional value of short futures positions.


[4] Ideally, a strategy's net exposure should be around $0. However, it always deviates due to natural causes, most frequently because long and short positions do not have exactly the same value. A 0.1% difference (or less) is normal.


Larger deviations (up to 3%) can occur for various reasons, usually associated with portfolio rebalances. A negative value can be due to unstaking delays - wBETH unstaking is not fully supported and may take several hours or, in rare cases, up to 5 days. Therefore, a negative net exposure of 1-3% can be considered normal.


[5] This section provides an overview of the protocol's current short positions, which are designed to maintain delta neutrality.


[6] Margin is the amount of assets deposited as collateral to open and maintain a leveraged trading position. The margin ratio, calculated as the collateral value divided by the position's notional value, indicates the position's safety buffer. If this ratio falls below the required maintenance level, the position risks liquidation.