Question 1

What is the Reserve Protocol?

Accepted Answer

The Reserve Protocol is a decentralised platform built on the Ethereum blockchain, designed to create and manage Reserve Tokens (RTokens) — asset-backed stablecoins supported by a diverse basket of collateral tokens. The project aims to offer stable, transparent, and censorship-resistant digital currencies that can be used for payments, savings, and financial protection, particularly in regions facing economic instability and inflation.

The Reserve Protocol focuses on decentralisation, enabling the creation of multiple RTokens, each governed and overcollateralised independently. Each RToken can be customised with different collateral assets, risk parameters, and governance models, providing flexibility across multiple financial ecosystems.

Question 2

What is Reserve Rights (RSR)?

Accepted Answer

Reserve Rights (RSR) is an ERC-20 token native to the Reserve Protocol, designed to ensure the stability and security of Reserve Tokens (RTokens). RSR acts as both a utility and governance token, playing a critical role in protecting the value of RTokens and decentralising control over their configurations.

RSR operates across all RTokens within the protocol and can be staked to provide overcollateralisation, a mechanism aimed at protecting RToken holders in the event of a collateral default. Additionally, RSR grants holders the ability to participate in the governance of the Reserve Protocol, influencing how RTokens are managed and adjusted.

Question 3

What is Reserve Rights (RSR) used for?

Accepted Answer

RSR has three core functions within the Reserve Protocol:

Question 4

# 1. Collateral Protection and Overcollateralisation

Accepted Answer

RSR serves as a safeguard to protect RToken holders from collateral asset defaults. By staking RSR on a specific RToken, holders can provide overcollateralisation, meaning the staked RSR will be liquidated to cover potential shortfalls if the collateral assets backing an RToken default or lose value.

- **Revenue Sharing Incentive:** Stakers are compensated for assuming this risk by receiving a portion of the revenue generated by the RToken’s collateral.
- **Risk Exposure:** If a collateral token defaults, a proportional share of the staked RSR may be liquidated to cover losses for RToken holders.

Question 5

# 2. Governance Participation

Accepted Answer

RSR holders play a vital role in the governance of the Reserve Protocol. By staking RSR, holders can vote on decisions related to the management and configuration of RTokens, such as:

- Adjusting collateral baskets and risk parameters.
- Setting revenue distribution models.
- Proposing and voting on protocol upgrades.

Governor Anastasius, a variant of OpenZeppelin Governor, manages the governance framework, ensuring a transparent and democratic decision-making process. Proposals typically follow a structured process with a voting period and a delay before execution to ensure stability.

Question 6

# 3. Token Supply and Emission Control

Accepted Answer

RSR has a fixed total supply of **100 billion tokens**, with approximately **53.5 billion** in circulation as of early 2024. The remaining supply is held in the **Slow Wallet** and **Slower Wallet**, both subject to strict withdrawal limits and time delays to control token emissions and avoid sudden market supply shocks.

- **Slow Wallet:** Controlled by the Reserve team, with a 4-week delay for withdrawals.
- **Slower Wallet:** Managed by Confusion Capital, with further restrictions, including a cap of **1%** of the total supply being withdrawable every 4 weeks.

In January 2024, a new emission model was introduced, aligning with Bitcoin's deterministic emission schedule, gradually reducing token release over time. This approach aims to enhance long-term value retention by controlling circulating supply expansion predictably.

Question 7

Who created Reserve Rights (RSR)?

Accepted Answer

The Reserve Protocol and the RSR token were co-founded by **Nevin Freeman** and **Matt Elder** in 2017.

- **Nevin Freeman**, the CEO, is an entrepreneur focused on global financial stability and systemic risk reduction. 
- **Matt Elder**, the CTO, brings extensive technical expertise from his previous roles at Google, Quixey, and the Linux Standard Base, contributing to the protocol's blockchain infrastructure.

The Reserve ecosystem also includes entities such as **Confusion Capital**, responsible for funding and supporting protocol development, and **ABC Labs**, which focuses on core protocol advancements.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	RSR-USDT RSRUSDT	binance	AA	0.001463USDT	5,56%	246 968 229,70RSR	5 504	0.001386USDT	0.001480USDT
2	RSR-USDT RSR_USDT	whitebit	BB	0.001466USDT	5,77%	138 188 502,50RSR	14 821	0.001386USDT	0.001480USDT
3	RSR-USDT RSR-USDT	okex	A	0.001464USDT	5,63%	113 570 861,09RSR	2 321	0.001386USDT	0.001478USDT
4	RSR-USD RSR-USD	coinbase	AA	0.001463USD	6,09%	65 655 157,00RSR	994	0.001379USD	0.001475USD
5	RSR-USDC RSRUSDC	binance	AA	0.001464USDC	5,70%	56 286 243,60RSR	1 024	0.001385USDC	0.001474USDC
6	RSR-USDT RSR_USDT	gateio	A	0.001465USDT	5,70%	51 772 773,90RSR	872	0.001386USDT	0.001475USDT
7	RSR-USDT RSR-USDT	kucoin	BB	0.001465USDT	5,70%	39 889 030,77RSR	846	0.001386USDT	0.001478USDT
8	RSR-USDT RSRUSDT_SPBL	bitget	BB	0.001464USDT	5,78%	22 027 712,93RSR	814	0.001384USDT	0.001476USDT
9	RSR-USD RSRUSD	kraken	AA	0.001463USD	5,86%	18 260 265,28RSR	161	0.001382USD	0.001473USD
10	RSR-USDC RSR_USDC	whitebit	BB	0.001465USDC	5,70%	17 827 539,60RSR	407	0.001386USDC	0.001476USDC
11	RSR-TRY RSRTRY	binance	AA	0.07110TRY	5,96%	8 646 636,00RSR	369	0.06710TRY	0.07180TRY
12	RSR-USDC RSR-USDC	okex	A	0.001453USDC	5,21%	5 077 441,36RSR	64	0.001381USDC	0.001470USDC
13	RSR-USD RSR_USD	cryptodotcom	AA	0.001463USD	5,74%	3 519 880,00RSR	51	0.001384USD	0.001470USD
14	RSR-EUR RSREUR	kraken	AA	0.001282EUR	7,01%	1 774 048,72RSR	13	0.001198EUR	0.001282EUR
15	RSR-EUR RSR-EUR	okex	A	0.001271EUR	6,81%	1 551 207,49RSR	31	0.001190EUR	0.001275EUR
16	RSR-USD RSR-USD	okex	A	0.001464USD	7,65%	1 289 231,43RSR	39	0.001360USD	0.001469USD
17	RSR-USDT RSR_USDT	cryptodotcom	AA	0.001462USDT	5,48%	462 000,00RSR	18	0.001386USDT	0.001469USDT
18	RSR-BTC RSR-BTC	kucoin	BB	0.0₇1860BTC	3,33%	92 942,06RSR	59	0.0₇1800BTC	0.0₇1890BTC
19	RSR-USDT RSRUSDT	cexio	BB	0.001388USDT	0,91%	17 204,00RSR	1	0.001376USDT	0.001388USDT
20	RSR-USD RSRUSD	cexio	BB	0.001374USD	0,32%	16 192,00RSR	1	0.001369USD	0.001374USD
21	RSR-USDC RSRUSDC	cexio	BB	0.001380USDC	3,41%	15 180,00RSR	1	0.001335USDC	0.001380USDC
22	RSR-EUR RSREUR	cexio	BB	0.001222EUR	2,57%	13 156,00RSR	1	0.001192EUR	0.001222EUR
23	RSR-EUR RSR-EUR	bitvavo	B	0.001275EUR	5,69%	108 836 390,37RSR	363	0.001207EUR	0.001284EUR
24	RSR-USDT RSR_USDT	coinw	-	0.001465USDT	5,70%	82 494 058,07RSR	2 516	0.001386USDT	0.001475USDT
25	RSR-USDT rsr_usdt	xtpub	-	0.001460USDT	5,04%	71 912 441,80RSR	2 683	0.001390USDT	0.001480USDT
26	RSR-USDT rsr_usdt	lbank	C	0.001463USDT	5,56%	68 556 051,10RSR	2 517	0.001386USDT	0.001476USDT
27	RSR-USDT RSRUSDT	toobit	C	0.001464USDT	5,55%	67 484 731,00RSR	5 901	0.001387USDT	0.001476USDT
28	RSR-USDT RSR_USDT	bitunix	C	0.001464USDT	5,63%	55 077 094,90RSR	6 484	0.001386USDT	0.001476USDT
29	RSR-USDT RSRUSDT	mexc	C	0.001464USDT	5,55%	54 029 931,51RSR	3 090	0.001387USDT	0.001477USDT
30	RSR-USDT RSR_USDT	bydfi	-	0.001460USDT	5,04%	31 191 209,40RSR	1 183	0.001390USDT	0.001480USDT
31	RSR-KRW RSR_KRW	bithumbkorea	-	2,00KRW	4,87%	28 333 194,21RSR	237	1,91KRW	2,03KRW
32	RSR-USDT RSR-USDT	bingx	D	0.001463USDT	5,63%	27 527 031,00RSR	5 443	0.001385USDT	0.001478USDT
33	RSR-ETH RSR_ETH	bilaxy	-	0.0₆6206ETH	15,70%	20 900 776,00RSR	388	0.0₆5364ETH	0.0₆6289ETH
34	RSR-USDT RSR_USDT	cryptology	D	0.001464USDT	5,55%	17 281 077,67RSR	986	0.001387USDT	0.001477USDT
35	RSR-USDT RSRUSDT	hitbtc	E	0.001464USDT	5,56%	10 904 430,00RSR	1 083	0.001386USDT	0.001475USDT
36	RSR-USDT rsr_usdt	digifinex	D	0.001465USDT	5,70%	9 043 501,60RSR	2 273	0.001386USDT	0.001476USDT
37	RSR-USDT RSRUSDT	coinex	C	0.001464USDT	5,55%	2 087 570,19RSR	8 715	0.001387USDT	0.001477USDT
38	RSR-EUR RSREUR	bit2me	B	0.001282EUR	6,92%	1 774 048,72RSR	13	0.001199EUR	0.001282EUR
39	RSR-USDT rsrusdt	huobipro	C	0.001453USDT	1,54%	1 348 955,68RSR	85	0.001431USDT	0.001471USDT
40	RSR-USDT RSRUSDT	bitrue	D	0.001460USDT	5,80%	1 288 288,30RSR	636	0.001380USDT	0.001470USDT
41	RSR-USDC RSRUSDC	mexc	C	0.001472USDC	0,00%	0RSR	0	0.001472USDC	0.001472USDC
42	RSR-USDT RSRUSDT	latoken	D	0.001403USDT	1,52%	244 954,40RSR	26	0.001382USDT	0.001404USDT
43	RSR-IDR rsridr	indodax	E	25,00IDR	4,17%	211 346,51RSR	4	24,00IDR	25,00IDR
44	RSR-INR RSRINR	coindcx	-	0.1476INR	5,99%	188 096,56RSR	22	0.1393INR	0.1476INR
45	RSR-USDC RSRUSDC	hitbtc	E	0.001435USDC	0,00%	0RSR	0	0.001435USDC	0.001435USDC
46	RSR-BTC BTC-RSR	upbit	B	0.0₇2000BTC	0,00%	0RSR	0	0.0₇2000BTC	0.0₇2000BTC
47	RSR-BRL rsrbrl	foxbit	-	0.007410BRL	3,07%	21 727,92RSR	1	0.007189BRL	0.007410BRL
48	RSR-USDT RSR_USDT	poloniex	C	0.001116USDT	0,00%	0RSR	0	0.001116USDT	0.001116USDT
49	RSR-THB THB_RSR	bitkub	C	0.04760THB	3,01%	11 606,62RSR	7	0.04621THB	0.04760THB
50	RSR-BRL RSR-BRL	mercadobtc	C	0.007599BRL	0,07%	1 405,90RSR	6	0.007594BRL	0.007599BRL