Reserve Rights (RSR)
Overview
Reserve Rights (RSR) is the governance token of the Reserve Protocol ecosystem. It plays a crucial role in allowing stakeholders to participate in governance and earn staking fees. Holders can stake RSR on any deployed asset-backed currency, known as RTokens, to contribute to the system's over-collateralization. This mechanism is designed to protect RToken holders if the collateral tokens experience a default.
RSR holders have the flexibility to stake on one or multiple RTokens or choose not to stake at all. Those who stake earn a portion of the revenue generated by the RToken they support. As the market capitalization of an RToken increases, the yield provided to stakers also grows, incentivizing more participants to stake. When staked, RSR is locked into a specific staking contract, and stakers receive an ERC-20 token. This token represents their staked position and can be traded or transferred, allowing others to un-stake if desired.
| Ticker | RSR |
| Category | Decentralized Finance (DeFi) |
| Website | https://reserve.org/ |
| Contract Addresses | |
|---|---|
| ethereum | 0x32...70 Copied! |
| arbitrum-one | 0xca...94Copied! |
| base | 0xab...4aCopied! |
| energi | 0xfc...00Copied! |
Tokenomics
The total supply of RSR is fixed at 100 billion tokens, with 50.6 billion circulating at launch. The remaining 49.4 billion tokens are reserved for future community distribution and are held in the Slow and Slower Wallets. The Slow Wallet, managed by ABC Labs, is dedicated to promoting RToken adoption and includes a built-in 4-week delay for withdrawal transactions.
In January 2024, an organizational restructuring introduced Confusion Capital, which provides funding for the Reserve Ecosystem, including Best Friend Finance and ABC Labs. Confusion Capital manages the Slower Wallet, implementing tighter withdrawal restrictions. These include maintaining the 4-week delay and capping withdrawals at 1% of the total RSR supply every four weeks, ensuring minimal reliance on the trustworthiness of Confusion Capital.