Reserve Rights

Reserve Rights (RSR)

What is Reserve Rights?

What Is Reserve Rights (RSR)? Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration. The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering IEO on the Huobi Prime platform. What is Reserve Rights (RSR) used for? Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed & voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default. In order for RSR holders to provide this overcollateralization, they can decide to stake on any one RToken, or divide their RSR tokens by staking on multiple RTokens. RSR holders can also decide not to stake their RSR at all. In return for providing this first-loss capital, RSR stakers can expect to receive a portion of the revenue the RToken they stake on makes. As a general rule, RSR stakers can expect higher returns (APYs) the bigger the market cap of the RToken they stake on becomes. In contrast with the “staking” you see in a lot of other projects these days, RSR staking is built to last. In Reserve’s model, late participants do not pay for early participants, nor is a trust in staking of other parties required. For more detailed information on RSR staking, please refer to the RSR staking section in the protocol documentation: https://reserve.org/protocol/reserve_rights_rsr/#reserve-rights-staking. Who are the founders of Reserve? Reserve was co-founded by Nevin Freeman and Matt Elder. Freeman is a seasoned entrepreneur.

Key Facts & Snapshot

• Symbol: RSR
• CoinGecko id: reserve-rights-token
• Market cap rank (CoinGecko): #287
• Categories: Decentralized Finance (DeFi), Arbitrum Ecosystem, Ethereum Ecosystem, Real World Assets (RWA), Base Ecosystem, Coinbase Ventures Portfolio, Energi Ecosystem, Made in USA, Base Native
• Circulating supply (snapshot): 62,553,174,091
• Total supply (snapshot): 100,000,000,000
• Max supply (snapshot): 100,000,000,000
• All-time high (USD, CoinGecko): $0.1174 (Apr 16, 2021)
• All-time low (USD, CoinGecko): $0.001214 (Mar 16, 2020)

Market (USD snapshot)

• Market cap (USD, snapshot): $92.22M
• 24h volume (USD, snapshot): $5.23M
• Fully diluted valuation (USD, snapshot): $147.43M
• 24h price change (snapshot): -2.42%

Community & code (CoinGecko)

• Telegram members (CoinGecko): 7,698
• GitHub stars (main repo, CoinGecko): 19
• GitHub forks (main repo, CoinGecko): 4

Contract addresses (by platform)

• ethereum: 0x320623b8e4ff03373931769a31fc52a4e78b5d70
• base: 0xab36452dbac151be02b16ca17d8919826072f64a
• energi: 0xfce13bb63b60f6e20ed846ae73ed242d29129800
• arbitrum-one: 0xca5ca9083702c56b481d1eec86f1776fdbd2e594

Official & Community Links

• Official website
• Block explorer / chain info
• Telegram
• Forum / announcements

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