About Reserve Rights (RSR)
Reserve Rights (RSR) is a cryptocurrency linked to the Reserve Protocol, which focuses on creating a stable and decentralized financial ecosystem. The protocol aims to make a stablecoin ecosystem that presents significantly less volatility than most typical cryptocurrencies. The project is centered around two primary tokens: the Reserve Rights Token (RSR) and the Reserve Token (RSV). RSV is a stablecoin pegged to a basket of assets, and RSR maintains the stability of the RSV stablecoin.
According to information published by the protocol, in situations where the collateral's value decreases, RSR can be used to recapitalize the system. On the other hand, surplus profits from excess collateral can be distributed to RSR holders. This mechanism keeps the stablecoin ecosystem stable and it also provides incentive for participation and investment.
RSR also empowers holders to participate in governance decisions. This includes the management of the collateral basket that backs the RSV token and also adjusting policies to maintain its value.Â
The technology behind RSR leverages the Ethereum blockchain. The Reserve ecosystem is supported by smart contracts to ensure transparent and secure transactions and governance actions. The setup supports scalability and integration with a broader financial system, enhancing its potential utility.
The network was launched in 2019 and has gained the support of widely recognized backers and supporters such as Coinbase Ventures, Peter Thiel, co-founder of PayPal, and others. According to the team, their goal is to extend the benefits of the project into real-world economic applications.
Reserve Rights (RSR) is an ERC-20 token integral to the Reserve Protocol. It fulfills two primary roles: ensuring that Reserve stablecoins (RTokens) are overcollateralized by facilitating staking, and providing a governance framework where holders can propose and vote on updates to the protocol. Reserve Rights is known by its token ticker $RSR. Reserve Rights price is updated and available real-time on Binance.