Reserve Rights(RSR)

Overview

Reserve Rights (RSR) is an ERC-20 token that serves two main functions within the Reserve protocol: providing overcollateralization for the protocol's stablecoins, known as RTokens, through staking, and governing those RTokens by proposing and voting on changes to their configuration. The token was launched in May 2019 following an initial exchange offering on the Huobi Prime platform.

RSR holders can stake on a single RToken, divide their tokens across multiple RTokens, or choose not to stake at all. Staked RSR acts as first-loss capital intended to make RToken holders whole in the event of a collateral token default, and in return stakers receive a portion of the revenue generated by the RToken they stake on. The design generally ties staking returns to the market capitalization of the underlying RToken, with larger RTokens distributing more revenue to stakers.