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	0.001601USDT	0.44%	158,172,137.70RSR	4,322	0.001594USDT	0.001616USDT
2	RSR-USDT RSR_USDT	whitebit	BB	0.001602USDT	0.63%	94,452,841.40RSR	6,970	0.001592USDT	0.001620USDT
3	RSR-USDT RSR-USDT	okex	A	0.001600USDT	0.44%	69,095,212.67RSR	1,475	0.001593USDT	0.001617USDT
4	RSR-USD RSRUSD	kraken	AA	0.001596USD	0.38%	25,515,031.67RSR	220	0.001590USD	0.001609USD
5	RSR-USDC RSR_USDC	whitebit	BB	0.001600USDC	0.76%	23,756,198.10RSR	339	0.001588USDC	0.001613USDC
6	RSR-USDC RSRUSDC	binance	AA	0.001598USDC	0.50%	22,319,840.30RSR	1,472	0.001590USDC	0.001613USDC
7	RSR-TRY RSRTRY	binance	AA	0.07950TRY	0.76%	20,207,262.00RSR	125	0.07890TRY	0.08019TRY
8	RSR-USD RSR-USD	coinbase	AA	0.001597USD	0.44%	21,606,828.00RSR	578	0.001590USD	0.001614USD
9	RSR-USDT RSRUSDT_SPBL	bitget	BB	0.001598USDT	0.38%	20,440,344.78RSR	381	0.001592USDT	0.001616USDT
10	RSR-USDT RSR_USDT	gateio	A	0.001592USDT	-0.06%	12,005,082.60RSR	390	0.001593USDT	0.001615USDT
11	RSR-USDT RSR-USDT	kucoin	BB	0.001600USDT	0.38%	12,217,275.35RSR	288	0.001594USDT	0.001619USDT
12	RSR-USD RSR_USD	cryptodotcom	AA	0.001589USD	0.35%	5,972,890.00RSR	31	0.001583USD	0.001608USD
13	RSR-EUR RSREUR	kraken	AA	0.001435EUR	-0.49%	4,773,214.73RSR	23	0.001442EUR	0.001447EUR
14	RSR-USDC RSR-USDC	okex	A	0.001600USDC	0.57%	2,732,183.15RSR	69	0.001591USDC	0.001614USDC
15	RSR-USDT RSR_USDT	cryptodotcom	AA	0.001601USDT	0.44%	2,683,210.00RSR	177	0.001594USDT	0.001614USDT
16	RSR-EUR RSR-EUR	okex	A	0.001436EUR	0.07%	490,877.93RSR	17	0.001435EUR	0.001436EUR
17	RSR-BTC RSR-BTC	kucoin	BB	0.0₇1970BTC	-0.51%	31,214.06RSR	32	0.0₇1979BTC	0.0₇2010BTC
18	RSR-USD RSRUSD	cexio	BB	0.001593USD	0.69%	19,853.40RSR	2	0.001582USD	0.001608USD
19	RSR-EUR RSREUR	cexio	BB	0.001413EUR	-0.14%	18,908.00RSR	1	0.001415EUR	0.001415EUR
20	RSR-USDT RSRUSDT	cexio	BB	0.001587USDT	-0.63%	10,399.40RSR	1	0.001597USDT	0.001597USDT
21	RSR-USDC RSRUSDC	cexio	BB	0.001592USDC	-0.53%	10,399.40RSR	1	0.001601USDC	0.001601USDC
22	RSR-KRW KRW-RSR	upbit	B	2.14KRW	0.94%	170,101,478.30RSR	633	2.12KRW	2.15KRW
23	RSR-USDT RSR_USDT	coinw	-	0.001601USDT	0.57%	65,738,402.33RSR	2,316	0.001592USDT	0.001617USDT
24	RSR-USDT rsr_usdt	lbank	C	0.001599USDT	0.50%	55,318,653.00RSR	2,717	0.001591USDT	0.001615USDT
25	RSR-USDT RSRUSDT	toobit	C	0.001601USDT	0.76%	51,715,527.00RSR	5,346	0.001589USDT	0.001617USDT
26	RSR-USDT RSR_USDT	bitunix	C	0.001600USDT	0.63%	47,508,015.60RSR	6,235	0.001590USDT	0.001617USDT
27	RSR-KRW RSR_KRW	bithumbkorea	-	2.12KRW	0.24%	38,404,932.61RSR	220	2.11KRW	2.15KRW
28	RSR-EUR RSR-EUR	bitvavo	B	0.001435EUR	0.75%	32,704,078.79RSR	125	0.001424EUR	0.001446EUR
29	RSR-USDT RSRUSDT	mexc	C	0.001601USDT	0.69%	31,681,474.51RSR	2,729	0.001590USDT	0.001616USDT
30	RSR-USDT RSR-USDT	bingx	D	0.001599USDT	0.50%	24,099,888.00RSR	5,198	0.001591USDT	0.001617USDT
31	RSR-USDT rsr_usdt	xtpub	-	0.001600USDT	0.38%	23,598,699.20RSR	880	0.001594USDT	0.001616USDT
32	RSR-ETH RSR_ETH	bilaxy	-	0.0₆7169ETH	10.91%	23,112,015.30RSR	527	0.0₆6464ETH	0.0₆7321ETH
33	RSR-USDT RSR_USDT	bydfi	-	0.001600USDT	0.63%	19,580,463.80RSR	765	0.001590USDT	0.001620USDT
34	RSR-USDT RSR_USDT	cryptology	D	0.001600USDT	0.50%	11,013,619.27RSR	701	0.001592USDT	0.001615USDT
35	RSR-USDT rsr_usdt	digifinex	D	0.001601USDT	0.44%	5,771,159.30RSR	1,831	0.001594USDT	0.001616USDT
36	RSR-EUR RSREUR	bit2me	B	0.001435EUR	-0.49%	4,773,214.73RSR	23	0.001442EUR	0.001447EUR
37	RSR-USDT RSRUSDT	bitrue	D	0.001600USDT	0.63%	932,416.50RSR	519	0.001590USDT	0.001610USDT
38	RSR-USDT RSRUSDT	hitbtc	E	0.001733USDT	0.00%	0RSR	0	0.001733USDT	0.001733USDT
39	RSR-USDT rsrusdt	huobipro	C	0.001580USDT	-0.63%	768,441.90RSR	26	0.001590USDT	0.001622USDT
40	RSR-IDR rsridr	indodax	E	30.00IDR	0.00%	338,472.63RSR	24	30.00IDR	30.00IDR
41	RSR-USDT RSRUSDT	latoken	D	0.001845USDT	0.00%	0RSR	0	0.001845USDT	0.001845USDT
42	RSR-USDC RSRUSDC	hitbtc	E	0.001435USDC	0.00%	0RSR	0	0.001435USDC	0.001435USDC
43	RSR-BRL RSR-BRL	mercadobtc	C	0.009000BRL	9.56%	51,354.11RSR	9	0.008215BRL	0.009097BRL
44	RSR-INR RSRINR	coindcx	-	0.1649INR	-0.10%	41,512.18RSR	10	0.1651INR	0.1654INR
45	RSR-THB THB_RSR	bitkub	C	0.05310THB	0.19%	26,784.09RSR	5	0.05300THB	0.05430THB
46	RSR-BTC BTC-RSR	upbit	B	0.0₇2000BTC	0.00%	18,195.35RSR	4	0.0₇2000BTC	0.0₇2000BTC
47	RSR-INR RSR_INR	unocoin	-	0.1400INR	0.00%	0RSR	0	0.1400INR	0.1400INR
48	RSR-USDT RSR_USDT	poloniex	C	0.001201USDT	0.00%	0RSR	0	0.001201USDT	0.001201USDT
49	RSR-USDT USDT-RSR	upbit	B	0.001560USDT	-2.50%	322.00RSR	1	0.001600USDT	0.001600USDT
50	RSR-BTC RSRBTC	hitbtc	E	0.0₇1950BTC	-0.56%	0RSR	0	0.0₇1961BTC	0.0₇1961BTC