Will $RESOLV fight back?
Today’s High-Yield 'Reverse Carry' Opportunities:
$RESOLV: A massive 200% APR funding rate following the recent $25M exploit. The token has hit the $0.047 basement. While the hack was serious, the shorts are now paying a fortune to stay in.
On March 22, an attacker compromised Resolv's infrastructure (AWS KMS) and illicitly minted 80 million USR stablecoins, draining roughly $25 million in ETH.
The Price Action: The token dropped from its March high of $0.13 down to $0.047 today (a 11% drop in the last 24 hours).
The Funding Anomaly: That -200% rate means the shorts are so desperate to hold their positions that they are paying a massive premium to the longs.
The "Basement" Verdict: At $0.047, the #ResolvToken is sitting at its lowest levels since early January.
$ONT and $BARD are still at around 2000% apr on the arbitrage bots