⚡️Resolv Project Research Report: Buyback Mechanism Drives Value Reassessment, overall $Resolv is worth paying attention to @ResolvCore Recently, I came across the Resolv project. Despite its TVL exceeding $549 million, its market cap is only around $43 million, significantly undervalued compared to similar projects Usual ($USD0) / Ethena ($ENA). Resolv has secured $10 million in seed funding, supported by top VCs like Coinbase Ventures and Delphi Labs. With a TVL exceeding $549 million, it is integrated into mainstream DeFi platforms such as Morpho, Pendle, Euler, and Uniswap. It has already distributed over $20 million in real returns to users, with a total minting/redemption amount exceeding $1.7 billion. 1. Buyback Mechanism On August 26, the Resolv Foundation announced the initiation of a buyback program, initially allocating 75% of core protocol fees for weekly buybacks of $RESOLV tokens on the open market, with subsequent buyback ratios to be dynamically adjusted based on...
$Resolv has initiated a buyback program to further ensure the value of the token.
Based on the current $500M+ TVL, the real yield range of 9-15.5% APR, Resolv's annual net income is expected to exceed $7.3M.
If 75% is used for buybacks initially, then for the current ~$45M MCAP, it is already close to the logic of high-dividend value stocks.
Additionally, with RESOLV's $500M TVL, the ratio to MC is 0.09x, which is far lower than ENA's 0.3x and USUAL's 0.12x. Resolv is severely undervalued in terms of multiples under the same business model.
Delphi and Coinbase Ventures have already placed their bets, and what’s next is market discovery + buyback realization.
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