What is reserve protocol (RSR)?

Reserve Protocol and its Reserve Rights token (RSR) has been gaining interest for months. The Reserve app is already used in places like Venezuela as a safe-haven against hyperinflation. However, the Reserve Protocol also reduces the risk for DeFi users and yield farmers thanks to its Reserve token.

Is reserve protocol a stablecoin?

The concept of a multi-asset on-chain stablecoin has always been of interest to investors. As such, Reserve Protocol has seen considerable adoption since its launch. According to company reports, the coin has increased in value by more than 320% since January. What Problems Does Reserve Rights (RSR) Solve?

What is reserve and how does it work?

This is a financial platform that allows its users to save, pay and send money to other users no matter where they are located. It is specifically designed so it can run anywhere in the world and under all conditions. To provide liquidity to its users, Reserve relies on a network of vetted payment processors.

What is reserve token (RSV)?

The Reserve token (RSV) is a non-volatile cryptocurrency created by Reserve Protocol. Completely decentralized, the RSV token is backed by a changing basket of digital assets. In 2019, at the time of launch, these assets included USD Coin (USDC), True USD (TUSD), and Paxos Standard (PAX).