How does a Rtoken on @reserveprotocol work. Rtokens are fully collateralised and customizable ERC-20 stablecoins.
11 Aug 2023, 15:35
How does a Rtoken on @reserveprotocol work?
🔹Rtokens are fully collateralised and customizable ERC-20 stablecoins.
🔸The minter can determine the basket of collateral; an example could be Tokenized RWAs
🔹RSR stakers protect the Rtoken against collateral defaults
$RSR
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411 Aug 2023, 15:50
Reserve's appreciation for RSR stakers can't be understated
They suffered a loss defending eUSD's peg during the black swan, with the eusdRSR -> RSR exchange rate dropping as low as 0.985
Now, 5 months later, RSR stakers rejoice as they continue to earn sweet APRs up to 19% 🎉
Reserve's appreciation for RSR stakers can't be understated.
Reserve's appreciation for RSR stakers can't be understated
They suffered a loss defending eUSD's peg during the black swan, with the eusdRSR -> RSR exchange rate dropping as low as 0.985
Now, 5 months later, RSR stakers rejoice as they continue to earn sweet APRs up to 19% 🎉
11 Aug 2023, 15:50
Join the success story and stake RSR here:
Learn more about RSR staking here:
Have questions about staking? Hop into the Discord
Join the success story and stake RSR here:. Learn more about RSR staking here:. Have questions about staking.
Join the success story and stake RSR here: https://t.co/41yWmDoBYt
Learn more about RSR staking here: https://t.co/oP8S7noVjN
Have questions about staking? Hop into the Discord https://t.co/LmdKuMv1yM.
11 Aug 2023, 15:50
We are so back
1️⃣ eusdRSR = 1️⃣ RSR
The return of RSR staked on eUSD to a 1:1 ratio w/ RSR marks a significant milestone for Reserve (see the journey)
The resilience of RSR stakers helped turn lemons into self-healing money, and they've now been made whole for their efforts 👇
We are so back. eusdRSR = RSR.
We are so back
1️⃣ eusdRSR = 1️⃣ RSR
The return of RSR staked on eUSD to a 1:1 ratio w/ RSR marks a significant milestone for Reserve (see the journey)
The resilience of RSR stakers helped turn lemons into self-healing money, and they've now been made whole for their efforts 👇
11 Aug 2023, 15:50
Thanks to the seized RSR that was sold for various USDT-based collateral, eUSD was quickly recollateralized and has remained stable at $1 since (long before USDC)
No government rescue required, or hoping that tenuous insurance policies trigger - just DeFi working as it should
Thanks to the seized RSR that was sold for various USDT-based collateral, eUSD was quickly recollateralized and has remained sta
Thanks to the seized RSR that was sold for various USDT-based collateral, eUSD was quickly recollateralized and has remained stable at $1 since (long before USDC)
No government rescue required, or hoping that tenuous insurance policies trigger - just DeFi working as it should