Reserve Rights[RSR]
Reserve Protocol enables users to launch Reserve stablecoins collateralized with baskets of assets on the Ethereum network.
Reserve Protocol operates on a dual-token model designed to offer a stable payment solution through automated smart contracts. Reserve Rights (RSR) token's primary function is to act as a mechanism for preserving the dollar-pegged value of the network's stablecoin, RSV, which is pegged to a basket of stablecoins denominated in US dollars — specifically, USD Coin (USDC), TrueUSD (TUSD), and Paxos Standard (PAX). These stablecoins are included in the basket at an equal ratio to maintain the stability of RSV.
Notably, the Reserve Protocol is structured to adjust its supply dynamically in response to demand. This innovative approach ensures that the protocol maintains 100% or more on-chain collateral backing for its stablecoin.
Notably, the Reserve Protocol is structured to adjust its supply dynamically in response to demand. This innovative approach ensures that the protocol maintains 100% or more on-chain collateral backing for its stablecoin.
DeFi