According to Foresight News, according to Cointelegraph, stablecoin protocol Reserve announced that it will invest $20 million in the governance tokens of Curve (CRV), Convex (CVX) and Stake DAO (SDT). The investment is aimed at increasing the flow of Reserve stablecoin RTokens. It will also increase Reserve’s voting rights in the governance systems of these protocols. The Reserve team said the new $20 million investment may bring new features to RTokens, including mortgage lending, wallet products, and tokenization of real-world assets.
Prior to this, Reserve was already the seventh largest holder of Convex tokens, behind Mochi, Redacted, JPGd, Badger, Clever, and FRAX. Additionally, OpenAI CEO Sam Altman is one of Reserve’s investors.
