$RSR
Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stablecoin platform on Ethereum. The Reserve Protocol has a dual-token model: the utility token RSR and the RSV stablecoin, which is pegged to a basket of assets held as collateral.
Because the value of collateral tokens may be volatile, if the market value of the collateral tokens held by the platform is insufficient to back the market value of the RSV stablecoin on a 1:1 basis, the platform will mint more RSR tokens and use them to purchase more collateral assets on secondary markets.
Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stablecoin platform on Ethereum. The Reserve Protocol has a dual-token model: the utility token RSR and the RSV stablecoin, which is pegged to a basket of assets held as collateral.
Because the value of collateral tokens may be volatile, if the market value of the collateral tokens held by the platform is insufficient to back the market value of the RSV stablecoin on a 1:1 basis, the platform will mint more RSR tokens and use them to purchase more collateral assets on secondary markets.