Reserve Rights Token to Host Community Call on October 11th
Reserve is inviting RToken governors and proposal submitters to join a weekly governance session on October 11 at 15:00 UTC on X Space. Hosted in collaboration with StableLab, this event welcomes questions, feedback, and insights from all participants.
Refer to the official tweet by RSR:
Reserve@reserveprotocolOtt 08, 2024RToken governors and proposal submitters unite! ✊
Join the weekly governance conversation with @StableLab this Friday at 15:00 UTC in an 𝕏 Space — all questions, feedback, and insights welcome!
🔔 RSVP below https://t.co/xomKhYNQBt
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.