Kingfisher
@nevertheless
$RSR Flywheel is Approved by SEC Chair Paul Atkins - $RSR is a governance and staking token used as an asset to make rTokens over-collateralized. People can choose to stake $RSR with different rTokens to earn staking yield offered by rTokens. The best part about RSR staking yield is that it grows with the market cap of the rTokens you've staked with. - @reserveprotocol buys back $RSR from the open market using ERC20 tokens under rTokens to pay yield rewards in $RSR, which also creates regular buy pressure on $RSR. - rToken holders receive 80-90% revenue share from rTokens, in addition to accessing various high-APY opportunities through different LP pools. - The total market cap of rTokens is around $241M, having grown by almost 10x in the past 12 months. I expect the rToken market cap to reach at least $1B-$2B this year. - More rToken creation could potentially increase demand for $RSR staking.
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