Reserve Unofficial Update

Mr Mallo
4 min readAug 23, 2024

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CRV whales, Podcast, TVL, PaRtNeRsHiPz AND MORE!

Happy… Friday / Sunday everyone! [Delete as applicable]

Let’s take a copy of Reserve Weekly from the newsstand on the corner of Central Park West and W93rd — that’s right, just next to Billy’s hot dog cart….

  • Memory lane
  • CRV
  • Podcast / videos / Spaces
  • TVL
  • AOB

Memory lane

3 years ago, the App was gearing up for mass entry

And by 2022 this time 2 years ago, they had onboarded nearly 700k users

And on that subject, 2023 gave us the launch of Best Friend Finance

We also had fledgeling TVL

So todays TVL is around $236M, $208 in stables — not bad at all…

CRV

Remember last year when Reserve announced a $20M commitment to Curve

No? Well never mind, they’re at it again :

He got his numbers wrong — it’s 6.45M CRV for $2.03M.

So more bribes — more incentives — wonder what all this buying is for — could there be another big push in RTokens? Watch this space! Thought — get USD3 up to $100M and on an exchange.

Podcast / Videos / Spaces

Our friends over at Sovereign Stack have released a podcast with Sara Drakeley, CEO of Sentz

News on Jambo and eUSD and lots more.

Also, Sentz Nigeria is getting great traction

They have an audit log of eUSD :

So if people are saving eUSD then we expect to see more minting by Mobilecoin.

Videos — Tom Sawyer has been busy with his series of Reserve education videos :

Toms also been busy with a Spaces on Oracles :

The first tranche of RWAs are close with Oracles — for example TBills.

Ok, so let’s move on to some numbers :

TVL

We’re getting close to ATH again — maybe by next week?

USD3 is at 32 in all stablecoins — still trying to catch EURC.

Incidentally, TVL of stablecoins is slowly rising — could this be because of global liquidity easing — who knows..

AOB

Degen ETH has a new IU look and

There’s a new pool on Curve! With incentives — of course.

I know, I know — you’re like me and wake up at 3am wondering if the backing buffer on your RToken is set at the right level. Well worry no more!

You’ve set it a 0.1% and all is good.

Can we get some more partnerships please?

Let’s have a closer look at Veda labs — here is their Native Yield Stack

You’ll notice Reserve is in there with the big hitters. I thought this was interesting

Veda reached $1Bn TVL in 115 days — woah. Hopefully that will flow through to Reserve RTokens.

We need voters!

And finally — our meme friends are still putting out bombs

And with that I shall take my leave — thank you for reading and if you’re a Brit enjoy the bank holiday.

Is that Paris?

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Mr Mallo
Mr Mallo

Written by Mr Mallo

Adoption Manager — Reserve Lodge

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