If you've heard of libra, RSV is a stablecoin that will initially peg off of USDC/other USD coins, and eventually move to a basket of assets (similar to how Libra wanted to be a basket of currencies)
RSR is the governance token. You can use it to arbitrage RSV. Right now you can buy RSV on Uniswap for $0.92 and get $1.00 of collateral from the Reserve vault. I'd do it right now if it weren't for gas fees.
RSR burns itself over time as more RSV is minted. Thiel, Coinbase and Paypal all have the network needed to launch this in poor countries where their money is no longer working. This has and will be the Libra successor.
what will happen to the price of RSR if it gets implemented into USA and the dollar collapses (which it will)?
Kayden Flores
RSR dumped 25% the last two days. Harder than most alts. Doesn't make me feel good
Sebastian Sullivan
That was genuinely my first concern and the reason I ignored this project a few months ago. Why would anyone want a stablecoin pegged to the USD if the USD will shit the bed in the next few years?
Read the phase 3 of this image, or read the whitepaper portion that talks about what will back RSV in the vault.
RSV is meant to outlive the US dollar, eventually a basket of commodities will back it (ex gold, wrapped BTC, deeds to assets, etc)
If the dollar collapses, you are going to have a lot more to worry about than the price of RSR. This is like worrying about old age user. Just enjoy life and buy rsr (which will make your life even more enjoyable later)
