RSR Dollar $RSD

A stablecoin that directly supports the @reserveprotocol by creating deflationary pressure to $RSR via token burns 🔥 $RSD

[RSR Dollar $RSD @RSRDollar]

RSR Dollar $RSD has been deployed on the @reserveprotocol and can be seen live on https://t.co/S6NLmof38B 🔥 You can now mint it and stake to insure it for part of the yield. We look forward to a future where we can actively increase $RSR value and enhance its ecosystem.

[RSR Dollar $RSD @RSRDollar]

@Jimmy_Wojeca https://t.co/M87uhAvv0M

[RSR Dollar $RSD @RSRDollar]

Zap is now available for $RSD ⚡️
You can mint $RSD directly from https://t.co/S6NLmof38B using only one asset at https://t.co/rokDZD7VyH Support $RSR burning simply by holding your stables in $RSD 🔥

[RSR Dollar $RSD @RSRDollar]

Have a read on this article related to @reserveprotocol by @Cointelegraph! Interesting news for the Reserve ecosystem and a brief mention of all #RTokens including $RSD 🔥 https://t.co/zSwKgnHlDF $RSR

[Nevin Freeman @nnevvinn]

This is pretty amazing. Long ago we removed burning+minting of RSR in favor of staking, so RSR holders could manage their own risk.

But the protocol is so flexible that you can make an RToken that adds a burning mechanism back in, and someone did 🤠

https://t.co/Z4C5fqNb36

[RSR Dollar $RSD @RSRDollar]

Any additional information regarding the technical parameters and composition behind $RSD can be found on its corresponding page on Register: https://t.co/YjbZKOnXBn

[RSR Dollar $RSD @RSRDollar]

RSR Dollar $RSD has been deployed on the @reserveprotocol and can be seen live on https://t.co/S6NLmof38B 🔥 You can now mint it and stake to insure it for part of the yield. We look forward to a future where we can actively increase $RSR value and enhance its ecosystem.

[RSR Dollar $RSD @RSRDollar]

You can view the $RSD RToken on etherscan at the following address: https://t.co/f08spm6viU

[RSR Dollar $RSD @RSRDollar]

An updated introduction to $RSD has been officially posted on the Reserve forum https://t.co/jClKxluAql deployment will follow soon 🔥 $RSR

[RSR Dollar $RSD @RSRDollar]

With a rise over time on the percentage of the yield dedicated to burning, in this scenario $frUSD could have burned 177.675.447 $RSR, which amounts to 0.35% of today’s circulating supply.

[RSR Dollar $RSD @RSRDollar]

We are always welcome to discussion on the choices taken regarding the RToken and its future development! Join the community taking care of the project on Discord https://t.co/c1VG7y8J4Q

[RSR Dollar $RSD @RSRDollar]

Starting from today, the project is rebranding from FiReserve to RSR Dollar. The ticker for the RToken has changed from $frUSD to $RSD and will be officially deployed under this identity. Every other aspect of the project, such as RToken design and mission remain unchanged. $RSR

[RSR Dollar $RSD @RSRDollar]

If you are wondering why FiReserve is rebranding to RSR Dollar, you can find the reasons in this Tweet by @nnevvinn https://t.co/AeJmWBQEsW

[Nevin Freeman @nnevvinn]

Thank you for being an early RToken deployer, whoever you are!

I love the logo and love that you are taking it in your own hands to move the ecosystem in a direction you want it to go.

One concern: I don't want RTokens to use the word "Reserve" in their name. This is because if any one RToken fails, I don't want that to be a drag on the overall ecosystem. I think it's best for RTokens to earn their own brand recognition starting from zero (which I know is harder), so that they are all seen as being independent (which they in fact are).

Would you be willing to launch with a slightly different name? Given the goal of the RToken, I think it could work to have a name that was more oriented to RSR, and including RSR in the name somehow would not be a problem from this perspective. (RSR Dollar, $RSD perhaps?)

[RSR Dollar $RSD @RSRDollar]

We can expect $frUSD deployment to happen in the incoming days!

[RSR Dollar $RSD @RSRDollar]

We are getting close to deploying $frUSD on the
@reserveprotocol 🔥 $RSR 🧵⬇️
If you wish to become one of the contributors, you can donate to the treasury address to cover deployment expenses and kickstart @fireserve's mission:
0x1D77e95a5feC42e47aBFfbd4218B6f17112E4330

[RSR Dollar $RSD @RSRDollar]

With the initial composition of $frUSD, we take a look on the numbers @fireserve could have achieved if it operated since $RSR was first launched, this gives a good projection on what we can expect in the future 🔥

[RSR Dollar $RSD @RSRDollar]

The growth of $frUSD is initially heavily reliant on the interest of the community in burning $RSR, the strategies around the treasury will have a significant impact on the amount of $RSR burned but success depends on the community formed around the @reserveprotocol and $frUSD.

[RSR Dollar $RSD @RSRDollar]

The Introduction to $frUSD document was just released on our Discord. We will publish its final version on the Reserve Forum once $frUSD is deployed. Join us to discuss it! https://t.co/NhGWADamAd