The Reserve protocol operates a non-algorithmic stablecoin called RSV, pegged to the U.S. dollar. RSV's value is maintained through an issuance and redemption system, where selected tokens are locked on the protocol as collateral, and these tokens are released upon redemption.
Reserve Rights (RSR) serve as the utility, reward, and governance token within the Reserve Rights ecosystem. It is designed to support the stability and functionality of the Reserve project, which aims to create asset-backed stablecoins and provide a decentralized platform for building, deploying, and governing these stablecoins.
Reserve Rights (RSR) is a utility, reward, and governance token within the Reserve Rights ecosystem. It plays a vital role in supporting the stability and governance of the Reserve project, which aims to create asset-backed stablecoins. RSR holders can participate in governance, stake tokens for yield and backstop insurance, and contribute to the stability of the Reserve system.
RSR has gained popularity in countries facing high inflation, such as Venezuela and Argentina, where it has seen significant adoption. As more countries encounter inflationary challenges, stablecoins like RSR are embraced as alternative currencies to stabilize financial systems.
