RESOLV PROOF OF RESERVES

BUILT BY APOSTRO


GENERAL METRICS

  • TVL: $272.81M
  • Market delta [1]: -0.10%
  • USR TVL: $175.75M
  • RLP TVL: $97.05M
  • RLP/USR ratio: 55.22%
  • USR over collateralization: 154.81%
  • Backing assets value: $272.09M
  • Long/Short ETH exposures [2]: $55.65M/$55.79M
  • Long/Short BTC exposures [2]: $43.46M/$43.60M
  • Strategy net exposure [3]: -$282.41K [4]

COLLATERAL POOL BY ASSET

USDT0................................................................................29.3%$79.84M
weETH................................................................................28.3%$77.01M
LBTC................................................................................24.1%$65.55M
USCC................................................................................23.2%$63.20M
USDC................................................................................9.2%$24.92M
wstETH................................................................................7.8%$21.22M
fUSDT................................................................................5.3%$14.43M
BTC................................................................................5.0%$13.54M
ETH................................................................................0.3%$695.73K
USDT................................................................................0.2%$520.77K
fUSDC................................................................................0.0%$80.95K
STETH................................................................................0.0%$62.53K
pxETH (pending unstake)................................................................................0.0%$2.53K
apxETH................................................................................0.0%$251.69
stETH................................................................................0.0%$0.04
GHO................................................................................-3.7%-$10.02M
WBTC................................................................................-13.1%-$35.63M
WETH................................................................................-15.9%-$43.34M
Total................................................................................100.0%$272.09M

BACKING ASSETS BY LOCATION

AAVE V3................................................................................47.0%$127.99M
Fluid................................................................................31.8%$86.44M
Hyperliquid................................................................................8.5%$23.02M
USDT Cluster................................................................................5.3%$14.45M
Binance................................................................................5.1%$13.77M
Bybit................................................................................2.0%$5.51M
Deribit................................................................................0.2%$621.81K
Treasury................................................................................0.1%$193.25K
USDC Cluster................................................................................0.0%$97.10K
ETH Cluster................................................................................0.0%$40.37
BTC Cluster................................................................................0.0%$30.06
Total................................................................................100.0%$272.09M

HEDGING [5]Margin [6]ShareSize
Hyperliquid (UM) BTC-USD Perp................................................................................43.1%38.0%$37.85M
Binance (CM) ETHUSD_PERP................................................................................35.2%22.5%$22.44M
Hyperliquid (UM) ETH-USD Perp................................................................................37.0%18.1%$18.07M
Bybit (CM) ETHUSD................................................................................35.7%15.5%$15.43M
Binance (CM) BTCUSD_PERP................................................................................32.4%4.3%$4.33M
Deribit (CM) BTC-PERPETUAL................................................................................35.0%1.6%$1.59M
Binance (CM) Empty short................................................................................0.0%0.0%$0.00
Deribit (CM) Empty short................................................................................0.0%0.0%$0.00
Total................................................................................100.0%$99.71M


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.