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What Is Reserve Rights?

Reserve Rights (ticker RSR) is the utility and governance token of the Reserve protocol, an open platform for creating asset-backed currencies on Ethereum and other chains. The protocol lets anyone permissionlessly launch a token that is fully backed by a basket of onchain assets; Reserve's original product line, often called RTokens, consists of stablecoins and yield-bearing tokens such as eUSD (Electronic Dollar) and ETH+. RSR is what makes these tokens safer than their collateral alone: holders stake RSR as a backstop that absorbs losses if a collateral asset fails, and in exchange they earn a share of the revenue the tokens generate.

Reserve was founded by Nevin Freeman and Matt Elder, and the RSR token launched in May 2019 through an initial exchange offering on Huobi Prime. The project attracted early backing from prominent investors including Peter Thiel, Sam Altman, and Coinbase Ventures. Its stated long-term goal is ambitious: to create stable, asset-backed money that can serve people in high-inflation economies and, eventually, an asset-backed alternative to fiat reserve currencies. Core protocol development is led by ABC Labs.

The protocol works through overcollateralization. Each Reserve stablecoin is backed one-to-one by a transparent basket of collateral held in smart contracts. On top of that backing, RSR holders can stake their tokens on a specific RToken (Reserve now calls these Yield DTFs, for Decentralized Token Folios). If a collateral asset defaults or depegs, the staked RSR is sold to make holders whole; this first-loss design was tested in March 2023, when eUSD's USDC-based collateral briefly depegged and the protocol's defenses kept eUSD holders protected. In return for taking this risk, stakers receive a portion of the yield and fees the token earns.

RSR is also the protocol's governance token. Stakers vote on proposals for each Yield DTF, including changes to its collateral basket and parameters. In 2025, Reserve expanded beyond stablecoins with the Reserve Index Protocol, which powers Index DTFs: tokenized baskets that work like onchain index funds, letting users hold a whole portfolio of assets as a single token. RSR serves as the default governance token for Index DTFs through vote-locking, and a portion of every Index DTF's minting and TVL fees is used to buy RSR on the market and burn it, creating ongoing deflationary pressure.

RSR has a fixed total supply of 100 billion tokens. Roughly 60 percent is in circulation, with the remainder held in publicly viewable time-locked wallets (known as the Slow and Slower Wallets) that release tokens on a predetermined schedule. RSR is an ERC-20 token on Ethereum, and it is also used on Base and Arbitrum, where Reserve's protocols are deployed.

The project has not been without setbacks. Reserve's original stablecoin, RSV, was retired in March 2023 in favor of eUSD after trouble with its collateral assets, including the regulatory shutdown of BUSD and the USDC depeg. Its consumer payments app, RPay, which had grown to hundreds of thousands of users in Venezuela and other Latin American countries, suspended local-currency deposits and withdrawals in six countries in July 2023 after losing banking access. Since then the project has focused squarely on its onchain protocols rather than consumer payments.

Getting Started With Reserve Rights

Getting started with Reserve Rights usually means holding RSR, staking it on a DTF, or using one of the asset-backed tokens built on the protocol:

  1. Step 1: Set up an Ethereum-compatible wallet such as MetaMask or Rabby, since RSR is an ERC-20 token.
  2. Step 2: Acquire RSR on a centralized or decentralized exchange and withdraw it to your own wallet.
  3. Step 3: Visit the Reserve app to explore the available Yield DTFs and Index DTFs, and stake or vote-lock your RSR on one to earn a share of its revenue. Note that staked RSR is first-loss capital and can be seized if the token's collateral fails, and unstaking involves a delay.
  4. Step 4: Alternatively, hold one of the protocol's products directly, such as the eUSD stablecoin or an index basket, without staking RSR at all.

How to Get a Reserve Rights Wallet?

RSR is an ERC-20 token, so any wallet that supports Ethereum (and ideally Base and Arbitrum) can hold it.

MetaMask

MetaMask is the most widely used Ethereum wallet, available as a browser extension and mobile app. It connects directly to the Reserve app for staking and governance and supports Ethereum, Base, and Arbitrum.

Rabby

Rabby is a browser-extension wallet designed for multi-chain DeFi use. It automatically switches between Ethereum and Layer 2 networks, which is convenient since Reserve's protocols span several chains.

Hardware Wallets

A Ledger or Trezor device can be paired with MetaMask or Rabby to keep your private keys offline, which is recommended for larger holdings and long-term staking positions.

Reserve Rights Resources

How to Buy Reserve Rights?

RSR is available on both centralized and decentralized exchanges.

Centralized Exchanges

RSR is listed on major exchanges including Binance, Coinbase, Kraken, OKX, Bybit, KuCoin, and Gate, typically traded against USD or USDT.

Decentralized Exchanges

As an ERC-20 token, RSR can be swapped on Ethereum DEXes such as Uniswap, as well as on Layer 2 networks like Base where the Reserve protocol is also deployed.

Latest Reserve Rights News

Reserve's recent focus has been the growth of its Index DTF platform, launched in 2025, which expanded the protocol from stablecoins into tokenized index baskets and tied RSR more directly to fee revenue through monthly buy-and-burn events. In December 2025, a major governance proposal known as RFC-1269 was put forward, suggesting a burn of roughly 30 billion RSR (about 30 percent of total supply) alongside a new vote-escrow issuance model; as of mid-2026 the proposal remains subject to community governance and has not been finalized.

Because collateral baskets, staking yields, fee parameters, and the list of live DTFs change over time, the Reserve app, official documentation, and governance forum are the best sources for the current state of the protocol.