Was just scrolling through some threads earlier and saw a full-on argument break out about some stablecoin project. One guy was writing paragraphs like his life depended on it, and the other just kept replying “cope” over and over lol

Didn’t even know what the project was at first, but turns out it was something called RESOLV or whatever. Didn’t dive too deep but it seems like the usual setup, price pumped hard from $165, and now it’s sitting closer to $10, now everyone’s fighting over whether it’s legit or cooked. Gotta love crypto.

From what I skimmed, they’ve got this USR stablecoin that’s pegged to the dollar but backed by ETH and BTC, hedged with perps. And there’s an insurance pool (RLP) to supposedly keep it overcollateralized. Not saying it’s bad or anything, just funny watching people go to war over it.

Anyway, just thought that was funny. People really be taking token drama personally these days.