Who Created Reservoir (DAM)? 

Reservoir was developed by experienced but pseudonymous blockchain engineers, a common practice in DeFi projects to emphasize decentralization. 

Transparency is prioritized: 

• Open-source code audited by reputable security firms. 
• Governance is community-driven through DAM token holders. 
• This model aligns with Web3 values of transparency and collective decision-making. 

Project Idea and How It Works 

Reservoir addresses limitations in the stablecoin market: 

• Risks of single-asset-backed stablecoins 
• Limited yield mechanisms of centralized stablecoins 
• De-pegging and security risks of algorithmic stablecoins 

Core Mechanisms: 

• Peg Stability Module (PSM): Maintains rUSD peg with USDC reserves, managed by Credit Enforcer. 
• Asset Adapters: Generate yield from on-chain and RWA assets under protocol oversight. 
• Proof of Reserves (PoR): Real-time demonstration of liquidity and solvency. 

Products 

• rUSD: Multi-collateral ERC-20 stablecoin 
• srUSD: Yield-bearing liquid asset 
• trUSD: Time-based yield product 
• Permissionless Lending Markets: Users can borrow and lend rUSD and derivatives 

Operating Model 

• rUSD and stablecoins are backed by both digital and RWA assets 
• Mint and redeem are 1:1 with USDC 
• Credit Enforcer mechanism ensures collateral, asset, and liquidity ratios 

Governance 

DAM Token powers governance and incentives 

Token holders: 

• Vote on protocol upgrades 
• Decide on collateral ratios and asset inclusion 
• Users earn rewards through staking and liquidity programs 

Roadmap 

• 2024–2025: Launch on Ethereum, DeFi + RWA integration 
• Mid-term: Multi-chain expansion (Solana, Avalanche), scalability improvements 
• Long-term: Institutional adoption, global expansion, liquidity growth 

How to Use Reservoir (DAM)? 

Reservoir enables seamless cross-chain DeFi operations via rUSD. Users can trade, borrow, lend, and access other DeFi opportunities with rUSD. 

DAM Token Use Cases 

• Governance: Voting on upgrades, collateral, asset inclusion 
• Staking: Earn rewards and support long-term growth 
• Speculative Trading: DAM price depends on protocol success; listings (e.g., WEEX) boost liquidity and access 

Key Features 

• Cross-chain DeFi utility with rUSD 
• Community-driven through staking and governance 
• Growing liquidity and accessibility 

Token Information 

• Total Supply: 1,000,000,000 DAM 
• Max Supply: 1,000,000,000 DAM 
• Circulating Supply: 199.99M DAM 

Vesting

• Season 1 Points: Gradual release starting from day one, peaking mid-2028. 
• Community Incentives & Growth: Slow unlock in year one, accelerating by late 2026. 
• Core Contributors & Investors: Unlock starts in 2026, major releases through 2032. 

Distribution 

• Core Contributors (25%) 
• Investors (20%) 
• Ecosystem Growth (25%) 
• Community Incentives (20%) 
• Season 1 Points (10%) 

Ecosystem & Features 

• Multi-chain infrastructure (Ethereum + expansion) 
• RWA + digital asset hybrid model 
• On-chain transparent balance sheet 
• Meta-transactions & fast execution 
• Censorship-resistant, transferable stablecoin 

Investors and Partners 

• Investors: Berachain, Dinero.xyz, Dolomite.io, FordefiHQ, Morpho Labs, Hilbert Capital 
• Partners: Halborn Security, Jigsaw DeFi, Plume Network, SteakhouseFi, Odos Protocol 

Future Plans 

• Increase protocol liquidity & TVL 
• Wider DeFi & CeFi distribution 
• Cross-chain integrations 
• Launch of full decentralized governance 

Connections

• Website
• Twitter
• Discord

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The post What is Reservoir (DAM)? DeFi and RWA Supported Stablecoin appeared first on Coin Engineer.

Backpack Proof of Reserves Data Will Be Created by OtterSec

The published Proof of Reserves data will be created and verified by OtterSec. This ensures that users can independently confirm that the assets held by the exchange actually exist and are reported in the stated amounts.

Starting today, Backpack will begin publishing its Proof of Reserves once a day, every day.

Built and verified by @osec_io. pic.twitter.com/8rNqeqHsV8

— Backpack (@Backpack) August 18, 2025

What is Proof of Reserves and Why Does It Matter?

Proof of Reserves is a mechanism used to verify the quantity and ownership of assets held by a crypto exchange. It is typically supported by on-chain verification and zero-knowledge (ZK) proofs.

The main benefits of this system include:

• Transparency: Investors can see that the exchange’s assets are accurately recorded.

• Trust: Users know that their holdings are secure and can better assess exchange risks.

• Liquidity Verification: The exchange proves it has enough reserves to cover all user withdrawals.

By publishing daily Proof of Reserves, Backpack Exchange will not only boost investor confidence but also contribute to raising transparency standards in the industry. Additionally, all listed ZK global verifications and their statuses will allow users to track the data in real-time.

As trust and transparency become increasingly critical in the crypto world, such initiatives are expected to set a new standard across the sector.

Also click to read our article “What is BackPack? Airdrop Hunting in the BackPack Ecosystem!”

What is BackPack? Airdrop Hunting in the BackPack Ecosystem!

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HBAR Foundation Invests in Fidelity International’s Tokenized Fund

HBAR Foundation has announced its investment in Archax tokens representing shares of Fidelity International’s U.S. Dollar (USD) Money Market Fund (MMF). This move follows the tokenization of the fund on the Hedera network, facilitated by Archax—the first FCA-regulated digital asset exchange, broker, and custodian. Archax also serves as the fund’s distributor for Fidelity International.

These tokenized shares, available on the Archax platform, allow investors to gain direct exposure to traditional financial assets through blockchain-based mechanisms. Additionally, their use as a transparent “Proof-of-Reserves” mechanism for stablecoin reserves strengthens trust within the crypto ecosystem.

This investment aligns with HBAR Foundation’s mission to provide scalable solutions for institutional finance while leveraging Hedera’s high transaction capacity and low-cost infrastructure to enhance transparency, efficiency, and security.

HBAR Foundation Senior Vice President Gregg Bell stated:

“As we look ahead to 2025, the tokenization of real-world assets (RWA) will be a key driver of blockchain adoption. Our vision of a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation. Collaborating with asset managers is crucial to accelerating this shift, and this investment underscores our dedication to that goal. We are excited to strengthen our partnership with Archax and Fidelity International and help shape the future of blockchain-based finance.”

Fidelity International and Hedera’s Blockchain-Based Fund Initiative

Archax CEO and Co-Founder Graham Rodford added:

“The tokenization of Fidelity’s USD Money Market Fund on the Hedera network creates new opportunities for institutional investors. This model enables near-instant transfers, reduced counterparty risk, and enhanced cash management solutions. Hedera’s advanced distributed ledger technology (DLT) allows for near real-time settlement and cost savings, aligning perfectly with Archax’s commitment to top-tier infrastructure performance and security.”

Fidelity International continues to support the digital asset ecosystem by enabling crypto-focused investors to access real-world assets. By working with strong partners such as Archax and HBAR Foundation, Fidelity aims to bring innovative financial solutions onto the blockchain.

Emma Pecenicic, Head of Digital Propositions and Partnerships APACxJ at Fidelity International, commented:

“By embracing fund tokenization, Fidelity International is committed to bridging traditional finance with decentralized finance, offering yield and transparency to onchain investors. Through our partnership with Archax and HBAR Foundation, we are excited to expand the distribution channels for blockchain-based investment products.”

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According to December 31 news, OKX released the 26th Proof of Reserves today. The reserve ratio of 22 publicly disclosed tokens exceeded 100%, with BTC, ETH, USDT, and USDC having reserve ratios of 105%, 102%, 102%, and 100% respectively. The total value was recorded at $30,807,845,128.

Earlier, OKX CEO Star published an open letter titled “Another Year on the Road to Success.” In the letter, he mentioned that in 2022, OKX published the Proof of Reserves (PoR) monthly, enabling users to clearly see the platform’s total asset situation.

Also highlighted the launch of the “self-verification” tool, which allowed customers to always verify whether their funds on the platform were 1:1 backed.

So far, over 2 million users have used the Proof of Reserves (PoR) verification tool. OKX was one of the first platforms to launch this tool in 2022, and since the launch of PoR, the platform’s reserves have doubled, reflecting users’ trust in the platform.

What is OKX and Why is it Important?

OKX is a global cryptocurrency exchange established in 2017, which has rapidly grown in prominence. In addition to popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), it allows trading of hundreds of digital assets. The exchange provides a wide range of services to its users, including not only spot trading but also derivative products, options, futures, and staking, offering investors a broad spectrum of financial tools.

The importance of OKX is highlighted by the security measures it implements and its transparency tools. The platform takes strong security precautions to protect user funds and uses tools like “Proof of Reserves” (PoR) to demonstrate the accuracy of its assets to users, enhancing trust. Furthermore, OKX’s offering of margin trading and other advanced trading strategies provides more opportunities for investors.

OKX is a platform that develops innovative solutions for cryptocurrency traders while prioritizing security. It offers a safe and transparent trading environment for both new and experienced investors, establishing itself as a key player in the cryptocurrency world.

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This month’s report shows significant growth, with a 32% increase in total wallet holdings of BTC, ETH, USDT, and USDC. Strong gains in BTC and ETH were the main contributors, while stablecoins like USDT and USDC showed steady growth. This highlights OKX‘s commitment to maintaining transparency and trust in the digital asset industry.

OKX has maintained reserve ratios of over 100% for 22 of its most frequently traded assets, reinforcing its commitment to safeguarding customer funds.

Current reserve ratios for primary assets are as follows:

• BTC: 104%
• ETH: 102%
• USDT: 104%
• USDC: 100%

The PoR program works alongside other security measures, including AI-powered blockchain monitoring tools, multi-billion-dollar insurance funds, and comprehensive encryption systems. These components form part of a broader security infrastructure designed to protect customer assets.

Last month, OKX marked two years of consecutive monthly PoR reports, reinforcing its leadership in transparency within the digital asset space. This showcases OKX as one of the few exchanges fully committed to transparency and security.

So far, over two million customers have used OKX‘s PoR verification tool. The exchange encourages all users to verify their assets through the platform, supporting crypto’s ethos of “don’t trust, verify.”

Insurance Funds are available only in specific markets, adding another layer of security to the services OKX provides.

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