Reserve Rights

Reserve Rights (RSR) is an ERC-20 token built for the Reserve Protocol, a system that creates and manages asset-backed stablecoins called RTokens. It is designed to address the risk of stablecoin collateral losing value by providing a pool of capital that absorbs losses before stablecoin holders are affected. The intended users are both people who want stable, collateral-backed digital currencies and those who are willing to stake RSR to backstop those currencies in exchange for a share of protocol revenue.

RSR lives on Ethereum and is also present across the Arbitrum, Base, and Energi ecosystems. Token holders can stake their RSR against one or more RTokens, which makes their staked tokens the first layer of loss absorption if any underlying collateral asset defaults. In addition to this overcollateralization role, staked RSR participates in governance by allowing holders to propose and vote on changes to the configuration of any RToken.

The Reserve Protocol collected 100,178.88 USD in fees over the trailing 30 days and 5,675,069.88 USD over the trailing 12 months, with fees annualized from the 30-day figure standing at 1,218,843.04 USD. Of those 30-day fees, 44,163.00 USD was recorded as protocol revenue and passed to holders, while 56,015.88 USD went to the supply side, giving a take rate of approximately 44.08 percent over that period. The market cap to fees ratio stands at 74.52 and the fully diluted valuation to fees ratio at 119.13, both calculated using fees annualized from the trailing 30 days. Fee growth over the last 30 days was negative 86.67 percent and revenue growth was negative 85.35 percent, meaning recent activity levels are substantially lower than the period before them.