Alpha Airdrop Project Analysis: Reservoir (DAM)
🎧 Project Overview:
Reservoir is a decentralized stablecoin protocol on Berachain, providing users with widely available next-generation stablecoins, liquidity yield asset rUSD, term yield asset srUSD, trUSD, and a permissionless lending market. The protocol is backed by various digital and real-world assets - offering the most scalable stablecoin through DeFi applications and real-world asset integration.
💰 Financing Background:
No public financing information is available, possibly indicating a limited team background and resources; it seems to be a grassroots team effort. There are no significant influencers promoting it on X, and market attention is quite low. The official Twitter account has just over 3000 followers, with a niche protocol + opaque team financing background + low popularity, resulting in full debuffs.
⏰ Launch Information:
Binance Alpha opening time: August 18 at 19:00 (UTC+8)
Contract goes live at 20:30 (UTC+8).
Initial circulation: 4 billion DAM (19.9% of total circulation)
🧠 Evaluation:
This project feels a bit shrouded in mystery 😂. There are few fans, and very little information available. However, it is launching a contract. Additionally, with the recent high expectations for alpha, many have fallen short, and the ones gaining traction are often these single coins. I plan to observe for a bit, and if it rises, I'll sell immediately.
