Resolv Activates Proactive Security With Hypernative

Hypernative's real-time threat prevention solution is now securing Resolv, a protocol behind the crypto-native USR stablecoin.

‍

Unlike the traditional stablecoin architecture, Resolv uses a unique two-token design that allows 1:1 minting and redemption with ETH collateral, eliminating capital inefficiency. The result is USR -- a delta-neutral stablecoin that is natively backed by Ether and pegged to US Dollar, with an additional protection layer in RLP. USR is both independent from real world asset risks and protected from crypto market movements by construction.

‍

"At Resolv we put security as one of our top priorities and we believe in taking a holistic and proactive approach to safeguarding our users' funds. Hypernative allows us to significantly improve our alerting and security practices towards reaching that goal."
Fedor Chmilev
CTO at Resolv Labs

‍

By tapping into the Hypernative Platform's continuous monitoring, high-accuracy alerts and automated response capabilities, Resolv is adding an active security layer for its stablecoin ecosystem that already has over $500M in TVL. As part of the partnership, Hypernative will also assist with:

‍

• setting standard operational procedures;
• creating pre- and post-incident measures;
• detecting threats and issuing alerts in real time;
• providing incident response;
• identifying exploit root causes and suggesting remedies;
• war room management;
• community communications and post mortem.

‍

Hypernative Platform uses battle-tested, sophisticated machine learning models, heuristics, simulations, and graph-based detections to identify threats with high accuracy and give customers precious minutes to respond before exploits can do damage. The system monitors security, technical, financial, governance and other risks. Hypernative Platform detected 99.5% of hacks last year with less than 0.001% false positive rate and saved $2B of funds to date.

‍

"There is no doubt that stablecoins are one application of Web3 that's already found its product-market fit, but most mainstream offerings are still deeply rooted in tradfi and the fiat economy. We are excited to contribute to the adoption of a crypto-native alternative through our partnership with Resolv. And proud that they chose Hypernative after evaluating rival offerings."
Gal Sagie
Hypernative, co-founder

‍

Resolv joins over 200 Web3 projects that rely on Hypernative’s real-time enterprise-grade platform that monitors over $100B worth of digital assets across more than 50 chains. The list includes Balancer, Blockdaemon, Chainlink, Circle, Consensys, Ethena, ether.fi, Galaxy, Kraken, Linea, Quantstamp, Solana, Starknet, and Uniswap.

‍

Read more: How Hypernative Secures a $40B Stablecoin Economy

‍

Reach out for a demo of Hypernative’s platform, tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.

‍

Secure everything you build, run and own in Web3 with Hypernative.

‍Website | X (Twitter) | LinkedIn