What Is Reserve Rights (RSR)?
Reserve Rights (RSR) is an ERC-20 token designed to serve two primary functions within the Reserve Protocol:
- Overcollateralization of Reserve stablecoins (RTokens) through staking
- Governance by proposing and voting on changes to RToken configurations
Launched in May 2019 following a successful initial exchange offering (IEO) on Huobi Prime, RSR plays a crucial role in maintaining the stability and decentralized management of Reserve's stablecoin ecosystem.
What Is Reserve Rights (RSR) Used For?
RSR serves multiple purposes in the Reserve ecosystem:
- Governance: Token holders can propose and vote on changes to RTokens
- Collateral Backstop: Acts as insurance for RToken holders in case of collateral defaults
- Staking Opportunities: Users can stake RSR on one or multiple RTokens to earn revenue shares
Key advantages of RSR staking:
- Returns scale with the market cap of the staked RToken
- Sustainable model avoiding "early participant advantage"
- No requirement to trust other stakers' actions
👉 Learn more about RSR staking mechanics
Founders and Team Behind Reserve
Reserve was co-founded by:
- Nevin Freeman (CEO): Entrepreneur focused on solving coordination problems
- Matt Elder (CTO): Former Google engineer overseeing protocol architecture
The project has grown significantly since 2019, now comprising:
- 200+ team members
- Engineers, developers, and compliance specialists
- Unified vision for creating scalable stablecoin solutions
What Makes Reserve Rights Unique?
Reserve stablecoins differ from traditional models through:
Backing Mechanism:
- Collateralized by cryptocurrency baskets (not just USD)
- Smart contract-managed ERC-20 asset combinations
- Potential future inclusion of fiat, commodities, and derivatives
Initial RToken Offerings:
- USD-denominated stablecoins backed by multiple stable assets
- Yield-bearing stablecoins generating passive DeFi returns
Reserve Rights Tokenomics
Key Supply Details:
- Fixed total supply: 100 billion RSR
- Circulating supply (March 2023): ~47 billion
- "Slow wallet" locking: 49.4% of total supply
Initial Distribution:
- 3% to Huobi Prime IEO participants
- 2.85% as project tokens
- 1% to private investors
👉 Detailed RSR release schedule
Network Security
RSR currently operates as an ERC-20 token secured by:
- Ethereum's proof-of-work consensus
- Thousands of network miners
- Robust protection against 51% attacks
Market Performance and Trading
Current Statistics (as of latest data):
- Market cap: $404.25 million
- Rank: #173 on CoinMarketCap
- All-time high: $0.1189 (April 2021)
- Current price: 94% below ATH
Available Trading Platforms:
- Binance
- Huobi Global
- OKEx
Trading Pairs:
- BTC, ETH, USDT, USD, and others
FAQ Section
What's the difference between RSR and RTokens?
RSR is the governance and staking token, while RTokens are the stablecoins created using the Reserve Protocol.
How does RSR staking generate returns?
Stakers earn a portion of the revenue generated by the RTokens they support.
When was RSR created?
The token launched in May 2019 after its Huobi Prime IEO.
What determines RSR's value?
Factors include protocol adoption, staking participation, and overall cryptocurrency market conditions.
Can RSR be used for payments?
While primarily a governance token, some merchants may accept it directly.
Where can I store RSR safely?
Any ERC-20 compatible wallet like MetaMask or hardware wallets like Ledger.