yield: News of Reserve Rights (RSR) - August 2024 Price Update - 8.93% Breakout Crypto News and Analysis

Spot the Main Event:

@reserveprotocol has joined the Native Yield Stack. Reserve lets anyone create new assets backed 1:1 by a collection of tokens. A prime example is ETH+, which offers diversified bluechip LST exposure. two main purposes for the Reserve Protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.

To God be the Glory

Spot the Main Event:

The Veda is thrilled about this integration with @reserveprotocol, an exciting way to diversify ETH liquid staking exposure. It's a framework where Veda combines Assets and Primitives to deliver tokenized DeFi yield directly in User Interfaces. As the foundation of the stack, Veda must integrate with the most innovative, liquid and secure DeFi Protocols.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.