Convert Reserve Rights RSR to Maker MKR
RSR to MKR: 1 Reserve Rights converts to 0.00000339 MKR as of June 20 at 4:47 PM
About RSR and MKR
Reserve Rights is climbing, while Maker is falling this week. The current RSR to MKR conversion rate is 0.00000339. Inversely, this means that if you convert 1 MKR you will get 294,656.06 RSR. The conversion rate of RSR/MKR has decreased by 0.3% in the last hour (MKR/RSR increased by 0.3%). In the last 24 hours, RSR/MKR grew by 5.21%, while MKR/RSR shrunk by the same amount.
The exchange rate of Reserve Rights is increasing. The current value of 1 RSR is 0.00000339 MKR. In other words, to buy 5 Reserve Rights, it would cost you 0.00001697 MKR. Inversely, 1 MKR would allow you to trade for 294,656.06 RSR while 50 MKR would convert to 14,732,802.98 RSR, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.06%. Meanwhile, in the last 24 hours, the rate has changed by 4.71%, which means that the highest exchange rate of 1 RSR to MKR was 0.00000348 MKR and the lowest 24 hour value was 1 RSR for 0.00000322 MKR. Last month, 1 RSR was worth 0.00000502 MKR. Today, it's down 47.97%. Looking back a year, Reserve Rights has changed by 0.00000229 MKR. That means that in a single year, the value of Reserve Rights has grown by 32.48%.
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.