🔷 Crypto X-Ray #37: $RSR - $46M TVL versus $100M market cap
RSR is the token of the Reserve protocol, where baskets of assets (DTFs) are assembled. The token is connected to the product. The question is scale.
Market cap ≈$99.7M, TVL ≈$45.95M. And the much-publicized burn of 41.4M RSR is only scheduled for November 27 and represents 0.066% of the circulating supply.
Some Index DTF fees go toward buying back and burning RSR. Yield DTF stakers receive a share of the revenue, but put their RSR at first-loss risk. In the event of a default, slashing of up to the entire amount is possible.
In September, the Burn Gauge (80.44%) was approved and High Burn (86.27%) was selected.
The mechanisms are real; the cash flows have not been measured. I’d watch, not rush in.
Action point: idea - pullback; status - watch; entry ≈$0.0015; invalidation below $0.0012; target $0.003; risk −20%, R/R 5.
Not suitable for: anyone looking for an “interest-bearing deposit.”
Do you believe in RSR, or is the burn just cosmetic? 👇
#CryptoRay #rsr
RSR is the token of the Reserve protocol, where baskets of assets (DTFs) are assembled. The token is connected to the product. The question is scale.
Market cap ≈$99.7M, TVL ≈$45.95M. And the much-publicized burn of 41.4M RSR is only scheduled for November 27 and represents 0.066% of the circulating supply.
Some Index DTF fees go toward buying back and burning RSR. Yield DTF stakers receive a share of the revenue, but put their RSR at first-loss risk. In the event of a default, slashing of up to the entire amount is possible.
In September, the Burn Gauge (80.44%) was approved and High Burn (86.27%) was selected.
The mechanisms are real; the cash flows have not been measured. I’d watch, not rush in.
Action point: idea - pullback; status - watch; entry ≈$0.0015; invalidation below $0.0012; target $0.003; risk −20%, R/R 5.
Not suitable for: anyone looking for an “interest-bearing deposit.”
Do you believe in RSR, or is the burn just cosmetic? 👇
#CryptoRay #rsr
