Reserve Rights Token is all set to partake in the Ethereum Community Conference in the picturesque city of Cannes on July 2nd. The token will be hosting a comprehensive day-long program at the conference, which will kick off at 07:00 and conclude at 19:00 UTC.
The program will encompass coworking sessions, DTF workshops, and DeFi panels, with respected figures such as Ryne Saxe, Martin de Rijke, and Matthew Fisher gracing the panel discussions. For more details, refer to the official tweet by RSR.
Reserve Rights operates as a stablecoin platform, which includes two tokens – the Reserve Stablecoin (RSV), a value-backed coin, and the Reserve Rights Token (RSR).
The RSR token is employed to ensure the stability of the RSV token. In instances when the RSV price strays from the $1 peg, the protocol’s algorithms autonomously use RSR to purchase or offload RSV in the open market until the price is aligned back to the $1 mark.
Thus, RSR plays an indispensable role in upholding the stability and liquidity of RSV. RSR holders also have a say in protocol governance and can vote on issues related to its evolution and enhancement.
