Reserve Rights (RSR) is a utility and governance token within the Reserve Protocol, a decentralized system designed to maintain the stability of its stablecoin, called Reserve (RSV).
Founded in 2019, Reserve seeks to provide a stablecoin that is not subject to inflation and can be used as a means of payment and store of value in economies with high monetary volatility.
Main features:
Dual token system:
Reserve (RSV): A stablecoin backed by a basket of tokenized assets, designed to maintain peg to the US dollar.
Reserve Rights (RSR): A utility token that supports the stability of RSV and is used for protocol governance.
Arbitrage Mechanism: RSR plays a crucial role in the stability of RSV through an arbitrage system. When RSV deviates from its peg, RSR holders can buy or sell the stablecoin to stabilize its price.
Diversified Backing: RSV is backed by a combination of tokenized assets, reducing reliance on a single backing and strengthening its stability.
Utilities:
RSV Stabilization: RSR is used to maintain RSV's peg to the US Dollar through automated arbitrage trading.
Participation in governance: RSR holders have the right to vote on proposals that affect the development and policies of the protocol.
Inflation Protection: The Reserve seeks to be a solution for crisis economies facing uncontrolled inflation or monetary instability.
Technical document:
Reserve Rights has an official whitepaper titled:
- "The Reserve Protocol"
This document is available on the official website.
Annual evolution of the price of Reserve Rights (RSR):
This is a list of the approximate price of RSR at the end of each year since its launch:
2019: $0.002
2020: $0.015
2021: $0.05
2022: $0.004
2023: $0.006
2024: $0.008 (as of December 15)
* Reserve Rights is positioned as an innovative solution in the DeFi space, providing tools for monetary stability and decentralized governance *
