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Reservoir is a next-generation decentralized stablecoin protocol deployed on the Ethereum mainnet, with plans to support multiple chains through cross-chain integration. The project products include 1:1 pegged stablecoin rUSD, floating yield assets srUSD, fixed income assets trUSD, and permissionless lending markets, aimed at providing users with multi-asset collateral and output-oriented stablecoin solutions.
The protocol is backed by real-time proof of reserves and a revenue distribution mechanism, integrating on-chain digital assets with real-world assets (RWA) to enhance the risk-resilience and yield of stablecoins. Reservoir is incubated by the RWA financing platform Fortunafi and will operate as an independent entity.
In terms of target users, Reservoir targets various groups such as borrowers (who obtain lower-cost funding through the repurchase market), institutional investors (locking existing assets for high yields), stablecoin holders and issuers (seeking returns from underlying assets), and ordinary crypto users (engaging in cross-chain lending and leverage operations). The protocol provides cross-chain liquidity to users by minting rUSD, while high-yield srUSD and trUSD serve as a means of attracting funds, achieving a cycle of "revenue → distribution → reinvestment." Official documents and announcements indicate that Reservoir's core contract is deployed on the Ethereum network (and adapted to other main chains via cross-chain bridges), and its DAM token has also simultaneously released contracts on Ethereum (ERC20) and Binance Smart Chain (BEP20).
Financing situation
The research and development of Reservoir is backed by Fortunafi, and the related funds mainly come from Fortunafi's financing. Fortunafi completed its latest round of strategic financing in May 2024, raising approximately $3.16M in a single round, bringing the total financing to about $9.5M, with a valuation close to $50M. Participants in this round of financing include established institutions such as Shima Capital and Manifold, as well as well-known crypto figures like Cobie (Jordan Fish), LayerZero founder Ari Litan, and prominent exchange operators like Austin Green. Fortunafi's announcement indicates that the latest financing will be used to expand the RWA product line and promote the launch of the stablecoin protocol Reservoir. To date, there has been no public disclosure of independent financing rounds for the Reservoir project.
Token information
The native token of Reservoir is named DAM, with a total supply of 1 billion (1,000,000,000) tokens. In terms of token distribution, the official announcement is as follows: core team/advisors account for 25% (250M, 36 months linear release), ecological development fund 25% (250M), early investors 20% (200M, gradually released after locking), community incentives 20% (200M, for airdrops, staking rewards, grants, etc.), Season 1 point rewards 10% (100M, for rewarding the first batch of users). The table below summarizes the distribution ratios and some locking periods of DAM.
Distribution category Proportion (%) Token quantity Locking/releasing method
Core team/advisors 25 250,000,000 36 months linear unlocking
Ecological fund 25 250,000,000 Continuously released (for partner incentives, etc.)
Investors 20 200,000,000 Unlocked in batches after the lock-up period (specific details not specified)
Community incentives 20 200,000,000 For airdrops, staking rewards, grants, etc.
Season 1 rewards 10 100,000,000 Airdropped to the first batch of participants, claimable in three phases
Regarding the token unlocking plan: the Season 1 airdrop will be unlocked in three batches starting from the issuance date (August 18, 2025) (August 18/September 1/September 15), and the unclaimed portion will be included in staking rewards; core team tokens will be released linearly over 36 months, while other portions will be unlocked according to the project roadmap and governance proposals. Currently, the token has not been circulated on the public market, and it is expected that most DAM will still be locked before listing (CoinMarketCap data shows that about **20%** of tokens will be circulating at listing).
Upcoming exchanges
It has been confirmed that DAM will be listed on multiple trading platforms on August 18, 2025.
Regarding centralized exchanges, Binance has announced that DAM/USDT spot trading will open on August 18 at 11:00 UTC (Binance Alpha testing platform), and perpetual contract trading will begin at 12:30.
The digital currency platform MEXC also announced plans to open DAM/USDT innovative trading at 11:00 UTC on August 18 (and support token transfers and withdrawals), while a one-click exchange function will be launched at 12:00 on August 18. Currently, there has been no official announcement regarding listing on decentralized exchanges (DEX).
Market valuation expectations
Since DAM has not yet officially traded, the market has different estimates of its issuance price. According to media reports and community analysis, the expected price on the first day of listing is in the range of $0.50–$0.80, corresponding to a total market value of about $500–800 million.
Current circulating supply and distribution situation
As of mid-August 2025, DAM tokens have been fully minted (1 billion), but have not yet been publicly circulated in the trading market. Data on the Ethereum chain shows that this contract has about 17 holding addresses, which are speculated to be mainly locked accounts reserved for the project team and early investors. Specific distribution details can be referenced on the on-chain explorer and token analysis tools. After listing, the main circulating portion will come from the claims of the Season 1 airdrop and community incentives, as well as the release of the ecological fund.