Resolv previously talked about USR and RLP, which are two types of products for risk stratification and yield stratification. USR carries much lower risk compared to RLP. You can think of RLP as the subordinate tranche. Now, with S3 going live, it’s expected to deliver higher returns, offer more benefits to other staking partners, and achieve much stronger value capture than before. The traditional problem with CeFi strategies is that Ethena plays with funding rates, and Usual focuses on stablecoin farming—both are single strategies and lack flexibility. Resolv uses hybrid strategies, like Fluid. Resolv deposits funds into Fluid, which increases Fluid’s TVL, and in return, Fluid provides some resources and attention to Resolv. It’s a win-win situation. Another example includes some LSTs (EtherFi), BTCFI, USD-neutral strategies, and so on. Resolv can essentially be considered an on-chain neutral strategy fund. With a current TVL of $500M, the next step will definitely involve deeper collaboration with liquidity-providing protocols for more win-win outcomes. The cluster flywheel works like this: TVL boosts the protocol, and the protocol, in turn, provides Resolv with attention and resource support.