🧵 Protocol of the Day: @reserveprotocol
Reserve enables the permissionless creation of stablecoins (RTokens) backed by customizable, yield-generating baskets of crypto assets.
✅ Pros:
• Fully collateralized and yield-bearing stablecoins tailored to user-defined asset baskets
• Permissionless creation of RTokens with configurable governance and revenue models
• Audited by top firms like Trail of Bits, Halborn, and Solidified
• No protocol hacks since launch and low governance centralization risk
⚠️ Risks:
• RSR liquidity – RSR token may lack sufficient on-chain liquidity to backstop large-scale defaults
• Staking risk – RSR stakers absorb losses during collateral shortfalls
• Yield strategy exposure – RTokens rely on external yield sources, which introduces smart contract and market risk
• Custom collateral – Users can create RTokens with niche assets, increasing potential for poor collateral quality
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