🔊 SOUND ON!
Near-zero fees, lightning fast, asset-backed currency factory for all? Impossible.
Think again: Reserve has landed on @BuildOnBase 🔵
H/t to @jessepollak and the Base ecosystem!
What is Reserve Protocol?
Reserve is a free, permissionless platform on Ethereum and now Base to build, deploy and govern asset-backed currencies referred to as “RTokens.”
RTokens are always 1:1 asset-backed, allowing for permissionless minting and redeeming on-chain by users without the need for any middlemen.
Each RToken can have an entirely different governance system and is governed separately by ecosystem stakers.
The protocol completed its 5th audit with @code4rena and reached the “all-clear” in Feb 2023. It currently has an industry-leading $5M bug bounty on @immunefi.
What has Reserve achieved so far?
Reserve has made leaps since the all-clear seven months ago.
Six RTokens have already been deployed by the community. The protocol has grown to $30M TVL and these RTokens have had a cumulative volume of over $340 million, across onchain and offchain uses.
~6% of the circulating RSR supply has been staked on RTokens to participate in governance, earn a share of yield and provide overcollateralization.
The protocol has also forged deep relationships in the @CurveFinance, @ConvexFinance and @StakeDAOHQ governance ecosystems.
The flagship Reserve safety mechanism - staker overcollateralization - was stress tested during the Mar 2023 run on SVB and the subsequent depegging of several stablecoins. Electronic Dollar (eUSD), the first RToken, autonomously recapitalized without a regulator backstop and before the banks reopened. The Reserve launch brings self-healing currency to Base.
Why deploy to Base?
DeFi should expand far beyond a few thousand power users. Base’s lower transaction fees will enable people who are interested in using yield bearing stablecoins to actually use them without having all benefits wiped out by gas costs. We want to see millions of RToken users on Base!
Ever had a great idea for a stablecoin? How about a flatcoin or an index? Reserve is joining Base so creative protocols and entrepreneurs may let their economic imagination run wild on this lightning fast, near-zero fee network.
Why deploy now?
We believe that Base can be a leading L2 network in terms of accessibility and TVL. There is significant opportunity for the Reserve Protocol to grow alongside the Base network. This could accelerate Reserve’s mission to increase adoption and access to sustainable, inflation proof, stable currency for everyone.
Base-ready collateral plugins for @AaveAave, @StargateFinance, @Coinbase staked ETH, as well as naked USDC and DAI are live now with @CompoundFinance coming soon.
Ready to get started?
Check the links in the tweet below.
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🚀STAKED ETH WITHDRAWALS ARE LIVE🚀
Ethereum's long-awaited Shapella upgrade is live on mainnet 👀
Join the Ethereum community and claim your piece of Web3 history in our latest Quest.
https://t.co/oTstfIYBDM
🚀STAKED ETH WITHDRAWALS ARE LIVE🚀
Ethereum's long-awaited Shapella upgrade is live on mainnet 👀
Join the Ethereum community and claim your piece of Web3 history in our latest Quest.
https://t.co/oTstfIYBDM
@RNTata2000@TataCompanies@TATAAIGIndia@TataAIA_Life
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@TATAAIGIndia Claim No: 4000037582 i'm waiting for cashless approval from yesterday and now it is going to be more than 24 hrs. The team told me that a physical verification is needed to be done but i Don't why you guys are making delay . When the investigation will happen??
The application is already available on Android, the application has not yet been released on iOS, use the browser version!
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Our team has been working tirelessly on perfecting the walking dynamics of our 3D Bear🚀
Get ready for the ultimate Bear adventure. Bear World sneak peeks and first demo gameplays are just around the corner.
Stay tuned for more updates🦾
#Sui
Our team has been working tirelessly on perfecting the walking dynamics of our 3D Bear🚀
Get ready for the ultimate Bear adventure. Bear World sneak peeks and first demo gameplays are just around the corner.
Stay tuned for more updates🦾
#Sui