Reserve Rights to Hold Token Burn on September 20th
Reserve Rights will conduct its next scheduled RSR token burn on September 20. Refer to the official tweet by RSR: The next burn is scheduled for Sep. 20 🫡Why? The protocol’s share of fees generated by individual Index DTFs are currently used to buy back and burn every monthLearn more:RSR InfoReserve 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.