Convert Reserve Rights RSR to Maker MKR
RSR to MKR: 1 Reserve Rights converts to 0.00000305 MKR as of June 16 at 12:30 AM
About RSR and MKR
Reserve Rights is climbing, while Maker is falling this week. The current RSR to MKR conversion rate is 0.00000305. Inversely, this means that if you convert 1 MKR you will get 328,110.63 RSR. The conversion rate of RSR/MKR has decreased by 0.6% in the last hour (MKR/RSR increased by 0.6%). In the last 24 hours, RSR/MKR grew by 1.16%, while MKR/RSR shrunk by the same amount.
The exchange rate of Reserve Rights is increasing. The current value of 1 RSR is 0.00000305 MKR. In other words, to buy 5 Reserve Rights, it would cost you 0.00001524 MKR. Inversely, 1 MKR would allow you to trade for 328,110.63 RSR while 50 MKR would convert to 16,405,531.55 RSR, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 26.2%. Meanwhile, in the last 24 hours, the rate has changed by 1.9%, and that the highest exchange rate of 1 RSR to MKR was 0.00000308 MKR and the lowest 24 hour value was 1 RSR for 0.00000297 MKR. Last month, 1 RSR was worth 0.00000494 MKR. Today, it's down 62.24%. Looking back a year, Reserve Rights has changed by 0.00000251 MKR. That means that in a single year, the value of Reserve Rights has grown by 17.73%.
Reserve Rights Market Stats
Reserve Rights (RSR) is the central governance token of the Reserve ecosystem. Reserve is a platform for creating DTFs (Decentralized Token Folios), which are the decentralized, self-custody, onchain version of ETFs. DTFs created on Reserve are called RTokens, and there are two types: Yield RTokens and Index RTokens. When staked on any Yield RToken or locked on any Index RToken, RSR holders gain governance rights to propose and vote on basket and configuration changes. For Yield RTokens, staked RSR serves as overcollateralization, providing first-loss capital in the unlikely case of a collateral default in exchange for a portion of revenue. RSR tokens can also be held unstaked if preferred.
Maker Market Stats
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.