The Stablecoin Reserve protocol is investing $20 million in governance tokens for yield farming apps Curve (CRV), Convex (CVX), and Stake DAO (SDT), in line with a June 20 announcement. The funding is meant to extend the liquidity of Reserve stablecoins, referred to as RTokens. It is going to additionally enhance Reserve’s voting energy inside the governance methods of those functions.
Reserve is a stablecoin protocol that permits customers to create their very own cash backed by any asset they need. Digital USD (eUSD), Excessive-Yield USD (hyUSD), Reserve (RSV), Reserve Greenback (RSD) and ETH+ are some examples of stablecoins that have been created by Reserve.
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