Reserve Rights Token to Host Community Call on December 6th
Reserve Rights Token will host a community call on Discord on December 6th at 17:00 UTC. The discussion will cover a range of topics related to RSR, including staking, governing, bridging, liquidity, and wallet updates.
Refer to the official tweet by RSR:
Reserve@reserveprotocolDic 04, 2023Got Reserve Rights (RSR) on the 🧠?
Live Community Call this Wednesday diving into all things RSR:
✅Staking
✅Governing
✅Bridging
✅Liquidity
✅Wallet updates
RSVP below pic.twitter.com/gGlPRke7Yr
RSR Info
Reserve Rights is a stablecoin platform consisting of two tokens, including the Reserve Stablecoin (RSV), which is a value-backed coin, and the Reserve Rights Token (RSR).
The Reserve Rights Token (RSR) is used to maintain the stability of the RSV token. When the price of RSV deviates from the $1 peg, the protocol’s algorithms automatically utilize RSR to buy or sell RSV on the open market until its price is restored to the $1 level.
Therefore, the RSR token plays a crucial role in maintaining the stability of RSV and ensuring its liquidity. RSR holders can also participate in protocol governance and vote on matters related to its development and improvement.