Yigit Taha OZTURK 
Coinbase, the leading cryptocurrency exchange in the United States, has announced that Reserve Rights (RSR) will be added to its listing roadmap. This decision follows the platform’s continuous efforts to diversify and expand its offerings.
RSR on Coinbase’s Base Network
RSR, which is already available on major exchanges such as Binance and Upbit, will now be listed on Base, the layer-2 blockchain developed by Coinbase. Base aims to enhance Ethereum’s scalability by improving transaction processing efficiency.
Decentralized Finance and Overcollateralization Strategy
The Reserve Rights project, focused on decentralized finance (DeFi), aims to secure its stablecoins, known as RTokens, using an overcollateralization strategy. This mechanism helps to ensure that the value of the stablecoin is reliably backed, even in volatile market conditions.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
The project also implements a governance system, allowing token holders to stake their assets and vote on proposed changes to the protocol.
RSR’s Price Decline and Market Capitalization
Originally launched before 2020, RSR faced significant price declines after reaching its all-time high during the 2021 crypto bull market. The coin now trades at nearly 94% below that peak, with a market capitalization of approximately $357 million.
At its peak in April 2021, the project’s market cap was around $1.4 billion. Despite the price drop, the addition of RSR to Coinbase’s Base network indicates renewed interest in the project and its future in the DeFi ecosystem.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.