Reserve Unofficial Update

Mr Mallo
5 min readOct 18, 2024

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TVL! Devs did something, PaRtNeRsHiPz and MORE!

Hello again, and I hope this finds you reading the start of a cold call email. Full of choc? No? Pourquoi pas? Let’s catch up with things Reservish… and away — as Bob Mortimer likes to say.

  • Memory lane
  • TVL
  • Demurrage
  • AOB — PaRtNeRsHiPz

Memory lane

2021 saw people being able to save properly in Vz

There was an announcement about a change in direction for the Protocol :

This led to much gnashing of teeth and people not knowing what they’d invested in any more. Still, it seems to have worked out fine.

And 2022 there was a hiatus as I went up a mountain — my transport from Lukla was this :

Yes, it was VERY cool.

Remember last week was Reserve launching on Base 1 year ago? Well in like a tramp on chips was hyUSD — first Flatcoin on Base!

Started with a decent $256k in the first week

Now at….

Just the 20x in a year.

We also had Vaya — which is still going but not great TVL

Next week we will be able to dig into the archives of 2020! Oh yes, genesis is ready to come back!

Let’s move on to….

TVL

1 year ago..

Just another ATH — nothing to see here.

Rankings are same same, but a bit of movement on USD3

Niiice

Reserve is catching Beefy Finance for TVL which is impressive.

Now, let’s have a look at the aforementioned USD3..

That’s a pretty big jump — let’s have a look at the transactions

One wallet seems to be minting and redeeming a lot

Over 7M USD3 — which is impressive — especially since they are a seasoned stable staker :

And they must trust Convex DEARLY. Woah. So I’d expect that to be put in an LP position soon enough.

Money comes to money — $64k a MONTH if put in the top one.

Other earning opportunities

Base is killing it with multi 20%+ options — I must admit to being a Base LP enjooyeeer.

Demurrage

Probably in a field of 1 for snappy chapter titles. WTF?

Anyway — there’s some Dev goings on

Ooh hello PAXG

Yes — your eyes are not deceiving you — I see it too. This could get interesting. ETH / BTC / USDC RToken on Base? Eyes peeled. EURC and PAXG in the mix as well. There’s more to come but I’m keeping schtum at the moment.

Standard

AOB / PaRtNeRsHiPz

Some governance newz

Interesting set of proposals…. shhhh.

Sentz seems to be keeping people interested

RWA newz — this is pretty big stuff. Not long before flatcoins become the new stablecoins — why have USDC when you can have hyUSD?

Nevins been reaching out regarding DTFs

Fuzzysnoot is re-opening RSR merch

Protocols doing RToken bidding :

Tom still rocking it weekly

Memes still going strong

And if you think rabbits and marathons are a good premise for community rewards, head over to the discussion. Thanks to James G for that.

And I think that concludes the voting from Bosnia and Herzegovina

Thanks as ever and au revoir.

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Mr Mallo
Mr Mallo

Written by Mr Mallo

Adoption Manager — Reserve Lodge

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