Reserve Rights Token to Host Community Call on December 13th
Reserve Rights Token will host a community call on December 13th. The discussion will focus on the yield autocompounder, Concentrator, which has led to unprecedented high yields for the RToken. The call will also delve into the technical aspects of the autocompounder, differentiating it from other similar platforms like yearn, Stake DAO, and Convex Finance.
Refer to the official tweet by RSR:
Reserve@reserveprotocolDic 11, 2023RToken yields have never been higher thanks to @0xconcentrator
What's going on under the hood of this yield autocompounder? What distinguishes it from @yearnfi, @StakeDAOHQ and @convexfinance?
All this and more in next Wednesday's community call.
RSVP below 👇 pic.twitter.com/Abk85ICYfS
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.