Markets / Reserve Rights
Reserve Rights RSR #276
$0.001540
▲7.15% 24h · median of 12 sources, which agree within 1.03%
RSR price by source
| Data provider | Price | vs. median |
|---|---|---|
| C CoinGecko | $0.001543 | +0.15% |
| C CoinMarketCap | $0.001540 | +0.02% |
| C CoinPaprika | $0.001544 | +0.23% |
| C CoinLore | $0.001548 | +0.50% |
Where to buy Reserve Rights
| Exchange | Price | Trade |
|---|---|---|
| B Binance | $0.001542 | Trade ↗ |
| O OKX | $0.001540 | Trade ↗ |
| C Coinbase | $0.001540 | Trade ↗ |
| K KuCoin | $0.001539 | Trade ↗ |
| G Gate | $0.001541 | Trade ↗ |
| B Bitget | $0.001538 | Trade ↗ |
| M MEXC | $0.001539 | Trade ↗ |
| C Crypto.com Lowest | $0.001532 | Trade ↗ |
Last traded price on each exchange's busiest USD, USDT or USDC market, converted to dollars. Fees and spreads are not included.
About Reserve Rights
What Is Reserve Rights (RSR)?
Reserve Rights (RSR) is an ERC-20 token that serves two main purposes for the Reserve protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering IEO on the Huobi Prime platform.
What is Reserve Rights (RSR) used for?
Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed & voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default. In order for RSR holders to provide this overcollateralization, they can decide to stake on any one RToken, or divide their RSR tokens by staking on multiple RTokens. RSR holders can also decide not to stake their RSR at all.
In return for providing this first-loss capital, RSR stakers can expect to receive a portion of the revenue the RToken they stake on makes. As a general rule, RSR stakers can expect higher returns (APYs) the bigger the market cap of the RToken they stake on becomes.
In contrast with the “staking” you see in a lot of other projects these days, RSR staking is built to last. In Reserve’s model, late participants do not pay for early participants, nor is a trust in staking of other parties required.
Description courtesy of CoinGecko.