RSR
Reserve Rights
- Price
- $0.001526
- 24h
- +8.7%
- 7d
- −7.2%
- Market cap
- $95.5M
- 24h volume
- $8.7M
ethereum
0x320623b8e4ff03373931769a31fc52a4e78b5d70
Reserve Rights (RSR) is a DeFi token on Ethereum. 62.6B of a maximum 100B are in circulation, or 63%. It ranks 288th by market capitalisation among the coins tracked here. The project publishes its website, whitepaper, source and explorer.
What Is Reserve Rights (RSR)?
Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering IEO on the Huobi Prime platform.
What is Reserve Rights (RSR) used for?
Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed & voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default. In order for RSR holders to provide this overcollateralization, they can decide to stake on any one RToken, or divide their RSR tokens by staking on multiple RTokens. RSR holders can also decide not to stake their RSR at all.
In return for providing this first-loss capital, RSR stakers can expect to receive a portion of the revenue the RToken they stake on makes.
- Circulating
- 62.6B
- Total supply
- 100.0B
- Max supply
- 100.0B
Supply as of 3h ago