Convert Resolv Liquidity Provider Token RLP to Circle tokenized stock (xStock) CRCLX

Resolv is a protocol that maintains USR, an overcollateralized stablecoin natively backed by Ether (ETH). USR achieves its peg by hedging its collateral pool and maintaining a tokenized insurance fund called RLP. Users can stake USR to obtain the yield-bearing version called stUSR. USR is minted by depositing liquid assets, such as USDC or USDT, on 1:1 value basis. When USR is redeemed, a user receives a 1:1 equivalent to the notional amount. RLP: ETH portfolio backs USR with a more than 100% ratio. Excess part of collateral acts as a backing for RLP - Resolv Liquidity Pool. Key features of RLP: RLP is designed to protect USR from market and counterparty risks. In exchange, RLP users receive higher portion of profits of the collateral pool. RLP has a price, representing value of ETH backing a single unit of RLP token; RLP price can vary. Collateral required for minting or redemption is based on the latest price;

For too long, investing has come with barriers. Borders. Brokers. Limitations. It’s been complicated, costly, and — for millions — out of reach. xStocks were created to change that. xStocks are tokenized stocks. They’re backed 1:1 by the underlying assets, composable with DeFi protocols, compliant with EU regulations, accessible to non-US users, and provide a legal claim to the value of the stock. xStocks enable easy access to 57 US Stocks and ETFs to regular users through top centralized and decentralized exchanges, and can be integrated with other DeFi protocols like any other token.