RESOLV PROOF OF RESERVES

BUILT BY APOSTRO


GENERAL METRICS

  • TVL: $272.80M
  • Market delta [1]: -0.08%
  • USR TVL: $175.75M
  • RLP TVL: $97.05M
  • RLP/USR ratio: 55.22%
  • USR over collateralization: 155.07%
  • Backing assets value: $272.53M
  • Long/Short ETH exposures [2]: $55.81M/$55.88M
  • Long/Short BTC exposures [2]: $43.42M/$43.56M
  • Strategy net exposure [3]: -$210.44K [4]

COLLATERAL POOL BY ASSET

USDT0................................................................................29.3%$79.84M
weETH................................................................................28.2%$76.90M
LBTC................................................................................24.0%$65.43M
USCC................................................................................23.2%$63.20M
USDC................................................................................9.3%$25.24M
wstETH................................................................................7.8%$21.19M
fUSDT................................................................................5.3%$14.43M
BTC................................................................................5.0%$13.55M
ETH................................................................................0.3%$839.25K
USDT................................................................................0.2%$520.78K
fUSDC................................................................................0.0%$80.95K
STETH................................................................................0.0%$62.44K
pxETH (pending unstake)................................................................................0.0%$2.52K
apxETH................................................................................0.0%$251.33
stETH................................................................................0.0%$0.04
GHO................................................................................-3.7%-$10.02M
WBTC................................................................................-13.0%-$35.56M
WETH................................................................................-15.8%-$43.18M
Total................................................................................100.0%$272.53M

BACKING ASSETS BY LOCATION

AAVE V3................................................................................46.9%$127.87M
Fluid................................................................................31.7%$86.44M
Hyperliquid................................................................................8.6%$23.33M
USDT Cluster................................................................................5.3%$14.45M
Binance................................................................................5.1%$13.92M
Bybit................................................................................2.1%$5.60M
Deribit................................................................................0.2%$630.15K
Treasury................................................................................0.1%$193.25K
USDC Cluster................................................................................0.0%$97.10K
ETH Cluster................................................................................0.0%$40.31
BTC Cluster................................................................................0.0%$30.02
Total................................................................................100.0%$272.53M

HEDGING [5]Margin [6]ShareSize
Hyperliquid (UM) BTC-USD Perp................................................................................44.0%37.8%$37.64M
Binance (CM) ETHUSD_PERP................................................................................35.6%22.7%$22.55M
Hyperliquid (UM) ETH-USD Perp................................................................................37.8%18.1%$17.97M
Bybit (CM) ETHUSD................................................................................36.3%15.5%$15.43M
Binance (CM) BTCUSD_PERP................................................................................32.8%4.4%$4.35M
Deribit (CM) BTC-PERPETUAL................................................................................35.4%1.6%$1.60M
Binance (CM) Empty short................................................................................0.0%0.0%$0.00
Deribit (CM) Empty short................................................................................0.0%0.0%$0.00
Total................................................................................100.0%$99.53M


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.