Reserve Rights
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What Is Reserve Rights (RSR)?
Reserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: insuring Reserve stablecoins (RTokens) through staking and governing them through proposing \u0026 voting on changes to their configuration.
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering ([IEO]) on the Huobi Prime platform.
What is Reserve Rights (RSR) used for?
Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed \u0026 voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default. In order for RSR holders to provide this insurance, they can decide to stake on any one RToken, or divide their RSR tokens by staking on multiple RTokens. RSR holders can also decide not to stake their RSR at all.
In return for providing this insurance, RSR stakers can expect to receive a portion of [the revenue the RToken they decided to insure makes]. As a general rule, RSR stakers can expect higher returns (APYs) the bigger the market cap of the RToken they insure becomes.
In contrast with the “staking” you see in a lot of other projects these days, RSR staking is built to last. In Reserve’s model, late participants do not pay for early participants, nor is a trust in staking of other parties required.
For more detailed information on RSR staking, please refer to the [RSR staking section] on the protocol documentation.