$RSR
ENT: 0.00150 - 0.00159
SL: 0.00148
TP1: 0.00165
TP2: 0.00275
Reserve Rights (RSR) is the governance and insurance token of the Reserve Protocol, which allows for the creation of decentralized stablecoins (RTokens) backed by baskets of assets. RSR stakers act as the last line of defense: if the collateral fails, their tokens are auctioned to repurchase assets. In return, they receive fees from the protocol. It has institutional backing from Peter Thiel and Sam Altman. The main catalyst is the RFC-1269 proposal to burn 30B RSR (30% of the supply), which would drastically reduce dilution. It also benefits from the RWA narrative. Fixed supply of 100B. Ideal for micro-betting. DYOR.
#RSR #ReserveRights #RWA #DeFi #TradingSetup #BinanceSquare
ENT: 0.00150 - 0.00159
SL: 0.00148
TP1: 0.00165
TP2: 0.00275
Reserve Rights (RSR) is the governance and insurance token of the Reserve Protocol, which allows for the creation of decentralized stablecoins (RTokens) backed by baskets of assets. RSR stakers act as the last line of defense: if the collateral fails, their tokens are auctioned to repurchase assets. In return, they receive fees from the protocol. It has institutional backing from Peter Thiel and Sam Altman. The main catalyst is the RFC-1269 proposal to burn 30B RSR (30% of the supply), which would drastically reduce dilution. It also benefits from the RWA narrative. Fixed supply of 100B. Ideal for micro-betting. DYOR.
#RSR #ReserveRights #RWA #DeFi #TradingSetup #BinanceSquare