Reserve Rights

Reserve Rights (RSR) is an ERC-20 token built on Ethereum that serves the Reserve Protocol, a system designed to let anyone create asset-backed, yield-bearing stablecoins called RTokens. The protocol aims to address the fragility of single-collateral stablecoins by allowing RTokens to be backed by diversified baskets of real-world and on-chain assets. RSR token holders act as a safety layer for RToken users and also participate in governing how each RToken is configured.

RSR lives on Ethereum and is also present in the Arbitrum, Base, and Energi ecosystems. Holders can stake their RSR against one or more RTokens, which makes their staked tokens available as first-loss capital if any collateral backing an RToken defaults — in that event, staked RSR can be seized and sold to make RToken holders whole. In exchange for taking on that risk, stakers receive a share of the revenue the RToken they back actually earns, with the share varying across different RTokens.

The protocol generated 120,935 USD in fees and 48,451 USD in protocol revenue over the trailing 30 days, and those 30-day figures annualize to approximately 1,471,376 USD in fees and 589,487 USD in revenue. Fees originate from the yield produced by the collateral assets backing each RToken, and the protocol's take rate — the share of total fees retained as protocol revenue — was 40.06 percent over the trailing 30 days. Supply-side revenue, meaning the portion flowing to RSR stakers and other participants outside the protocol itself, was 72,484 USD over the trailing 30 days. Fee growth over the last 30 days was 628.81 USD in absolute change, while revenue growth over the same period was 315.11 USD.