Resolv just joined the buyback club.
Since the August fee switch, Resolv generated $400k+ in revenue (annualizing to $7.3M), from collateral yields, partner incentives, and integrations.
Meanwhile, Resolv Foundation generated $226k in core fees and has spent $170k to buy ~1M $RESOLV at ~$0.16. Buybacks will continue weekly, starting with 75% of core fees.
The fee switch ramped from 2.5% to 10%, to capture a bigger portion of daily profits for treasury use, adoption incentives, and buybacks.
Current metrics:
- TVL: $540M (2x since TGE)
- Market Cap: ~$45M → 0.09x TVL (vs Ethena’s 0.33–0.5x)
- $stUSR (9% APR) and $RLP (12.9% APR) - both are post-fee, real yields from delta-neutral strategies.
The valuation gap is hard to ignore given Resolv’s positive cash flow and accelerating TVL.
Resolv Foundation has launched a buyback program, with the first allocation set at 75% of core protocol fees.
Each week, a portion of fees will be allocated to open-market purchases of $RESOLV, with tokens moved to Foundation reserves and taken out of circulation.
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