Reserve Rights serves as a governance token for Reserve stablecoins (RTokens), enabling stakeholders to propose and vote on changes to RTokens using RSR. Furthermore, Reserve Rights acts as a safeguard to protect RToken holders in the unlikely event of a collateral token default. RSR holders have the option to offer this overcollateralization by staking on a single RToken or diversifying their stakes across multiple RTokens. Alternatively, they may choose not to stake their RSR at all. As a reward for providing this first-loss capital, RSR stakers receive a portion of the revenue generated by the RToken on which they have staked. Typically, RSR stakers can anticipate higher returns (Annual Percentage Yields, or APYs) as the market capitalization of the respective RToken increases. Unlike the "staking" commonly observed in numerous other projects today, RSR staking is designed for longevity. Reserve's model ensures that late participants are not penalized to benefit early participants, and there is no need to rely on the staking activities of others. For more comprehensive information on RSR staking, please consult the RSR staking section in the protocol documentation.

Reserve Rights was co-founded by Nevin Freeman and Matt Elder. Freeman is an experienced entrepreneur whose life goal is to address the coordination challenges inhibiting humanity from reaching its full potential. In contrast, Matt Elder is a skilled engineer with experience at Google and Quixey. He was responsible for overseeing the architecture of the Reserve protocol's technical implementation. Since its inception in 2019, the number of contributors to the Reserve ecosystem has significantly increased. This growth encompasses community members, engineers, and legal and compliance professionals, all united by the common goal of establishing Reserve as an open, massively scalable stablecoin platform that fosters economic prosperity.

Unlike traditional stablecoins, often supported by U.S. dollars (USD) held in reserve within a bank account controlled by the stablecoin issuer or a trusted custodian, Reserve stablecoins are underpinned by a diversified portfolio of cryptocurrencies managed through smart contracts. These portfolios can include any ERC-20 assets. Initially, RTokens primarily consist of other cryptocurrencies, such as liquid staking tokens (e.g., stETH) or yield-bearing DeFi positions (e.g., cUSDC). Over time, the Reserve community intends to expand to more varied portfolios, potentially incorporating fiat currencies, securities, commodities, and complex asset types, such as synthetics and derivatives. For more information on Reserve’s long-term objectives, please refer to Eulerpool.

Reserve Rights has a fixed supply of 100 billion tokens. Of these, approximately 52% are currently in circulation as of September 2024. The maximum token supply has already been pre-mined, but a significant portion is locked for various reasons, including 49.4% of the supply secured in a smart contract known as the "Slow wallet." Funds from this wallet are released according to a deterministic schedule, details of which can be found here. The Reserve Rights token was initially launched with a circulating supply of 6.85 billion tokens. Of this, 3% were distributed to Huobi Prime IEO participants, 2.85% released as project tokens, and 1% allocated to private investors. All team, advisor, partner, and seed investor tokens have been unlocked via one of two options—one commenced in January 2022, and the other began with the launch of the full Reserve protocol on the Ethereum mainnet. Further details about the Reserve Rights unlocking schedule can be found here.

Reserve Rights is presently an ERC-20 token operating on the Ethereum blockchain. Consequently, it is protected against attacks through a strong proof-of-work (POW) consensus mechanism, supported by a network of thousands of Ethereum miners.

Reserve Rights (RSR) is a widely recognized token known for its strong liquidity. It is accessible for purchase and trading on numerous reputable cryptocurrency exchange platforms, such as Binance, Huobi Global, and OKEx. RSR can be traded against several prominent cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and Ethereum (ETH), as well as the U.S. dollar (USD) across various platforms. For more information, refer to Eulerpool.