š¹ What Is Reserve Rights (#RSR/USDT )?
RSR$RSR
is an ERCā20 token launched in MayāÆ2019 via Huobi Prime. It plays two main roles within the Reserve Protocol ecosystem:
1. Overācollateralizing stablecoins (RTokens) ā RSR holders can stake, providing a backstop in case the collateral basket fails, protecting stablecoin holders .
2. Governance ā RSR is used to propose and vote on protocol changes .
š How It Works
The protocol issues RSV (the stablecoin) backed by a basket of crypto assets via smart contracts.
If RSV deviates from $1, RSR is minted or sold to rebalance and maintain the peg .
If collateral degrades, staked RSR absorbs losses, protecting the stability of RSV .
š ļø Key Features & Use Cases
Staking rewards: RSR stakers earn protocol revenue in return for providing capital buffer .Governance: Token holders vote on collateral baskets, risk parameters, and technical updates
Smart collateral baskets: Unlike traditional fiat-backed stablecoins, RSV relies on diverse crypto assets, enhancing decentralization .
āļø Technical & Supply Details
Blockchain: ERCā20 on #Ethereum thereum (PoW secured, transitioning with #Ethereum thereum upgrades) .
Max supply: 100āÆbillion #RSR/USDT tokens, with ~59āÆbillion currently circulating (~59%) .
Distribution: Originally allocated via IEO, team, investors, and vesting schedules with locked/unlock mechanisms (e.g., āSlow walletā) .
š Market Metrics (Approximate)
Price: ~$0.008ā0.009 at time of writing
24h Volume: ~$40ā45āÆM USD
Market Cap: ~$500ā515āÆM USD with ~58.7āÆB tokens circulating .
š Price Developments & Outlook
#RSR/USDT hit a multi-year high near $0.017 (+88%) in December 2023, buoyed by regulatory optimism around former SEC commissioner Paul Atkins .
Technical indicators and protocol TVL (approx. $333M) supported bullish sentiment .
Price forecasts for mid-2025 range around $0.0096ā0.0099, though these are speculative .
š§¾ Summary
#RSR/USDT is crucial to the Reserve Protocolās model: it acts as a stabilizing buffer via staking and enables decentralized governance. Its design supports the broader mission to create diversified, scalable digital money resistant to inflation. As #Ethereum $ETH
thereum matures, and decentralized finance evolves, Reserve aims to become a key platform offering stable, multi-asset on-chain indexes and stablecoins.