Reserve Unofficial Update

Mr Mallo
4 min readDec 6, 2024

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ATH TVL, Paul Atkins, David Sacks AND MORE!

Welcome rangatonis old and new! Been a busy week for Reserve and RSR — maybe something to do with the strapline — let’s have a look…. In time honoured tradition, settle down with your favourite 70s chocolate bar.

  • Memory lane
  • TVL
  • Appointments
  • AOB

Memory lane

We head all the way back to 2020 and 4 years ago around this time, people in Venezuela were excited to be using Reserves app for saving against inflation

2021 showed us that market penetration of accepting Reserve for payment was good — can you spot the sticker?

2022 and we’ve introduced the new version of the protocol — the one people are using now — and bounties were offered for plugins — there are many available now to create your own unique RToken — find out here https://app.reserve.org/deploy how many there are (click Add To Basket)

Last year we saw the fledgeling TVL on DefiLlama — more on where we are now in a bit.

TVL

Yes, the market went a bit mad and so TVL rose with it — putting Reserve above $400M at one point. At time of print we are at $396M

I think we can expect this to rise a bit more (NFA) due to the market in the next few weeks.

As you can see, ETH+ holds most of the RToken volume

HyUSD on Base has had a flurry of mints today

And there are some crazy stablecoin APYs out there for RTokens

Reserve got in during the bear to get millions of CRV — which allows them to incentivise APYs and markets getting hot mean great rates. I’m using Beefy for HyUSD / EUSD and it’s great.

Did you also know that there are 12,000 RSR holders on Base?

Well now you do — that’s some increase — Tx fees of course help a lot for small buys.

Appointments

Well, well, well. Who knew.

It may have come to your attention that Donald Trump has appointed Paul Atkins as SEC commissioner. This is great for crypto, as he is a fair man and it’s probably great for the US in general as there is a lot of value can be derived from crypto — not the casino style crypto, but the serious side. The price of RSR also shot up as the association was made — what association? Well he was an adviser back in the day.

Nevin wrote about it on Twitter (I don’t do X)

And the team also feel the relief

Even Bryant Coomstrong had an opinion

And now we hear Davis Sacks is going to be White House Crypto Czar

Quite the little cartel…. don’t forget among those other investors and advisers Eric M Jackson is in as well

AOB

Quick round up of other notables

Some potted histories of Reserve :

New blog post for Reserve

We’re going to get a DTF simulator this month

Governor weekly standup

There was a google meet with Nevin yesterday — I was walking home but caught most of it — quick precis

Talk about coin500, thoughts on dtfs and how long they might take to get big, possible q1 release of dtf but depends on audit, 5 years for financial tokenised assets probably, but initial target hardcore defi to get traction — Nevin has been talking to traders and they all say a tracker would be great when you don’t have time to be first with the alpha.

Sentz is still going strong

And merch is coming to UglyCash

And I’ve got to run, so thanks for reading and have a good week!

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Mr Mallo
Mr Mallo

Written by Mr Mallo

Adoption Manager — Reserve Lodge

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