$ 1.01
8 months ago
(-0.02%)
The Reserve and the Reserve Rights token are both mintable, burnable, ERC-20 tokens. The Reserve token will have a variable transfer fee, initially set to 0%.6 The Reserve Rights token helps keep Reserve backed at 100% and is involved in governance.
The Reserve Manager is in charge of manipulating the supply of Reserve to keep its price stable at $1.
Whenever the market price of Reserve falls below $1, the Reserve Manager will buy Reserves at the market price using Vault assets and burn them. These trades are executed through the Auctioneer with a maximum price and maximum quantity.
In preparation for the self-custody version of their app, Reservewill be forking the RSV contract to add support for meta transactions. In conjunction with the addition of the Reserve Relayer, this will enable future app users to make on-chain RSV payments without the requirement of ether.
This fork occured on July 20th. If you are an RSV holder, your funds are safe — exchanges and wallets will be updating to the new contract address. Metamask users will only need to add the new contract address. This has no effect on RSR, which is retaining the same contract address.
Try our free Reserve (RSV) portfolio tracker if you want to efficiently keep track of your RSV and other coin/token investments.