Reserve Rights (RSR) Live Price and charts Today

1 Reserve Rights (RSR) Price Today in USD is $0.008324

Reserve Rights (RSR) = $0.008324 USD

Reserve Rights (RSR) all-time high (ATH) is $0.110705 USD

The maximum supply of Reserve Rights (RSR) is 100,000,000,000.00

Reserve Rights (RSR) 24h volume is $17.00 Million(s) USD

Reserve Rights (RSR) Market Cap is $487.45 Million(s) USD

Reserve Rights
$0.008324
+7.64%
Reserve Rights (RSR) Price Chart
Download
  • 1H +1.75%
  • 24H +7.64%
  • 1Y +79.61%
  • Rank #102
  • Market Cap 5.96% $487,447,980
  • 24H Spot Volume 66.80% $16,996,462.63
  • 24H Volume / Market Cap +50.00%+3.00%
  • Circulating Supply 58,562,002,245.00
  • Total Supply 100,000,000,000
  • Max Supply 100,000,000,000.00
  • Fully Diluted Valuation $832,362,217
  • API ID reserve-rights copy duigou
  • Project Start Date Oct, 2022
  • Contracts & Explorer(s) coin-img 0x320...b5d70
    copy duigou
  • Websites Website
  • Links
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
About RSR Roadmap & Milestones
$RSR is an ERC-20 token used to insure the stablecoins created in Reserve Protocol known as RTokens.

The Reserve Protocol allows anyone to create stablecoins backed by baskets of ERC-20 tokens on Ethereum. Reserve stablecoins are called RTokens. Once an RToken configuration has been deployed, RTokens can be minted by depositing the entire basket of collateral backing tokens, and redeemed for the entire basket as well. Thus, an RToken will tend to trade at the market value of the entire basket that backs it, as any lower or higher price could be arbitraged.

RTokens can be insured, which means that if any of their collateral tokens default, there's a pool of value available to make up for the loss. RToken insurance is provided by Reserve Rights ($RSR) holders, who may choose to stake their $RSR on any RToken. Staked $RSR can be seized in the case of a default, in a process that is entirely mechanistic based on on-chain price-feeds, and does not depend on any governance votes or human choices.

RTokens can generate revenue, and this revenue is the incentive for $RSR holders to stake. Revenue can come from transaction fees, revenue shares with collateral token issuers, or yield from lending collateral tokens on-chain. Governance can direct any portion of revenue to $RSR stakers, to incentivize $RSR holders to stake and provide insurance. If an RToken generates no revenue, or if none of it is directed to $RSR stakers, it probably won't have any RSR staked on it, and thus won't be insured in the case of a collateral token default.

Expand
Related News
Stablecoin Protocol Reserve to Invest $20 Million in Governance Tokens of Curve, Convex, and Stake DAO Stablecoin Protocol Reserve to Invest $20 Million in Governance Tokens of Curve, Convex, and Stake DAO
Stablecoin Platform Reserve Now Live Stablecoin Platform Reserve Now Live
Stablecoin Platform Reserve to Launch and Deploy Protocol on October 10th Stablecoin Platform Reserve to Launch and Deploy Protocol on October 10th
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Latest News More More
1 Day Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 4 Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open