In the last three years, almost $9 billion worth of crypto assets has been stolen. Even with security measures such as cold storage, crypto theft remains a massive issue. Stolen funds have tainted the image of an otherwise empowering and limitless alternative to the to the traditional financial system, leaving the industry untrusted and ultimately unadopted.
Resolv is building the Protection Protocol — a platform that allows users to swap their ERC-20 tokens for recoverable twins called pTokens (”protected tokens”). If stolen, a decentralized jury reviews fraud claims and decides whether a recovery is warranted. Then, with our built-in freeze and recovery functions, we’re able to return what’s rightfully yours. In a world where one mistake can lose you everything, recovery isn’t optional—it’s essential.
The market offers multiple solutions of theft prevention, but Resolv allows users to put stolen crypto BACK into their wallets, offering a true zero-liability fraud protection system for web3. Think of Resolv’s protection as what credit cards are to the traditional financial system.
Our vision is to combat the stigma that plagues digital currency by reducing the frequency and severity of theft incidents. Doing so will facilitate wider acceptance of blockchain technology — benefiting both the growth of the industry and increasing accessibility of finances free from middlemen, bias, and manipulation.
