Reserve Rights (RSR) Price

Info
Contract Address

ETH 0x320623b8e4ff03373931769a31fc52a4e78b5d70

BASE 0xab36452dbac151be02b16ca17d8919826072f64a



About Reserve Rights (RSR)

The Reserve protocol is the first platform that allows for the permissionless creation of asset-backed, yield-bearing & overcollateralized stablecoins on Ethereum. The end goal of the Reserve protocol is to provide highly scalable, decentralized, stable money in contrast to volatile cryptocurrencies such as Bitcoin and Ether.

In our view, clear flaws can be demonstrated with many existing stablecoin designs. In the 2018 Reserve protocol whitepaper, we present arguments for why a widely used stablecoin should implement an exchange rate peg to a fiat currency first and a basket of assets later, using off-chain foreign collateral that has been tokenized by a diversity of issuers.

Furthermore, we believe that open exploration and competition can lead to the discovery of the best type of basket and governance system for ideal onchain money. There's a lot to explore, and it's better not to keep that under the control of the initial founding team. For this reason, the Reserve protocol is entirely permissionless—allowing anyone to deploy a Reserve stablecoin (RToken) with their preferred collateral basket, governance system and revenue distribution.



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