Reserve Rights Token to Host Community Call on September 27th
Reserve Rights Token will host a community call on X with StableLab on September 27th at 15:00 UTC.
Refer to the official tweet by RSR:
Reserve@reserveprotocolSep 24, 2024Community governooooors unite! ✊
Join the weekly governance conversation with @StableLab this Friday at 15:00 UTC in an 𝕏 Space — all questions, proposals, and insights welcome!
🔔 RSVP below https://t.co/2bUxw3ipDy
RSR Info
Reserve Rights is a stablecoin platform consisting of two tokens, including the Reserve Stablecoin (RSV), which is a value-backed coin, and the Reserve Rights Token (RSR).
The Reserve Rights Token (RSR) is used to maintain the stability of the RSV token. When the price of RSV deviates from the $1 peg, the protocol’s algorithms automatically utilize RSR to buy or sell RSV on the open market until its price is restored to the $1 level.
Therefore, the RSR token plays a crucial role in maintaining the stability of RSV and ensuring its liquidity. RSR holders can also participate in protocol governance and vote on matters related to its development and improvement.