Reserve Protocol distinguishes itself by offering a platform for the permissionless creation of asset-backed, transparent, and overcollateralized stablecoins, with a focus on enhancing financial security and transparency for its users. Its native token, Reserve Rights (RSR), is pivotal within the ecosystem, offering staking benefits and acting as a safeguard against collateral default while also enabling holders to participate in governance through proposals and voting on protocol changes. The governance model is community-driven, emphasizing democratic participation from RSR holders. Although specific funding details are undisclosed, Reserve Protocol enjoys backing from prominent investors like Peter Thiel, Sam Altman, and Coinbase, highlighting strong industry support and confidence in its mission to revolutionize financial services through transparency and user empowerment.
Value Proposition:
Reserve Protocol centers around the permissionless creation of transparent asset-backed money, overcollateralization safety mechanisms, and revenue sharing to users. This protocol aims to empower users by providing real-time visibility into the reserves backing the stablecoin issued by the protocol, enhancing transparency and security in financial services.
Governance:
The governance process designed by Reserve follows a transparent and democratic approach. It allows holders of RSR to propose, discuss, and vote on changes to the protocol.
Tokenomics:
Reserve Rights (RSR) is an ERC-20 token common across all Reserve tokens. RSR can be staked on a particular RToken, where it has two roles. Staked RSR receives a portion of the RToken collateral’s revenue in exchange for being the first capital-at-risk in the case of collateral default. Staked RSR proposes and votes on changes to the RToken’s configuration.
Previous Funding:
It is not disclosed how much capital Reserve Protocol raised, but they are backed by notable investors like Peter Thiel, Sam Altman, and CoinBase
