Reserve Rights (RSR) is an ERC-20 token integral to the Reserve Protocol, which facilitates the creation and management of stablecoins known as RTokens. Launched in May 2019, RSR serves two primary purposes: providing overcollateralization for RTokens through staking and participating in governance decisions related to their configuration. RSR acts as a safeguard, compensating RToken holders in the event of a collateral token default. Holders can stake RSR on individual RTokens, spread their stakes across multiple RTokens, or choose not to stake at all. In return for providing this first-loss capital, stakers may receive compensation from the RTokens they insure.

Reserve Rights operates within the Reserve Protocol, which allows for the creation of RTokens—stablecoins backed by diversified baskets of cryptocurrencies managed through smart contracts. These baskets can include ERC-20 assets like USD Coin (USDC), TrueUSD (TUSD), and DeFi yield-bearing tokens such as Compound USD Coin (cUSDC) and Aave Dai (aDAI). RSR holders can stake their tokens to overcollateralize RTokens, ensuring stability and providing a backstop in case of collateral defaults. In exchange, stakers may earn rewards from the RTokens they insure. The protocol is designed to evolve, incorporating more diverse asset classes like fiat currencies, commodities, and derivatives over time.

Reserve Rights (RSR) plays a crucial role in the Reserve Protocol’s ecosystem. It functions as a governance token, allowing holders to propose and vote on protocol changes affecting RTokens. RSR also provides overcollateralization, ensuring the stability of RTokens and acting as a safety net against collateral defaults. Stakers are compensated for taking on this risk, offering potential returns for those who insure specific RTokens. As the Reserve Protocol expands to include more diverse asset baskets, RSR’s utility may grow, offering additional opportunities for governance, staking, and ecosystem participation.

Reserve Rights (RSR) was launched in May 2019 following a successful initial exchange offering (IEO). The Reserve Protocol was co-founded by Nevin Freeman and Matt Elder. Freeman, an experienced entrepreneur, serves as CEO, while Elder, a former Google and Quixey engineer, is the project’s CTO, overseeing the protocol's architecture. Since its inception, the Reserve team has grown to over 200 members, including engineers, developers, and legal professionals. The project aims to position Reserve as a scalable, open stablecoin platform that contributes to global economic stability and prosperity.

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The current market cap of Reserve Rights is $150.60M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Reserve Rights is $0.12. This all-time high is highest price paid for Reserve Rights since it was launched.

Over the last 24 hours, the trading volume of Reserve Rights is $7.811M.

Assets that have a similar market cap to Reserve Rights include ApeCoin, Aave SNX V2, Synthetix Network Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Reserve Rights is 62 billion.

Reserve Rights ranks 196 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Reserve Rights is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Reserve Rights guide.