ETFs are great, but DTFs could be even greater.
Blockchain technology is taking over every industry of the world, and the need for decentralization grows stronger by the day.
That’s why we’re introducing you to Reserve Protocol, the decentralized version of BlackRock.
What is Reserve Rights?
Reserve Protocol is a unique protocol that was first founded in 2019 and launched following a victorious IEO on the Huobi Prime (HTX Global) platform. Their mission is simply to enable anyone and everyone to permissionlessly create DTFs with ease.
Think ETFs but decentralized and specifically for cryptocurrencies. DTFs, also known as Decentralized Token Folios, are simply baskets of tokenized crypto assets giving investors the opportunity to gain exposure to multiple cryptocurrencies through one investment.
DTFs could include any and every crypto. For example, a single DTF could include $ETH, $SOL, $LINK, $AAVE and $ONDO, where if someone invests in it, they hold a portion of every single asset in that DTF. This opens the door to easy diversification for new and seasoned crypto investors who want easy portfolio management.
Reserve Statistics
Since its inception, Reserve has attracted many popular companies and protocols in the industry to create a DTF, which include CoinDesk Indices’ Large Cap DTF, the Clanker Platform DTF, Bloomberg’s Broad Crypto DTF and many more!
Overall, Reserve Protocol has obtained a TVL of over $219M and has generated over $5.9M in protocol revenue. The best part is, that there are two types of DTFs to choose from, the Index and the Yield DTFs.
Reserve DTFs
Index DTFs are simply a basket of crypto assets which may include categories of tokens, including large caps, RWA cryptos, memes etc.
Yield DTFs on the other hand, are simply strategies where a DTF will lend or stake assets to generate yield. This could include Layer 1 tokens such as $SOL or even stablecoins such as $USDC.
Either way, the Reserve Protocol provides DTFs to enable easy onboarding and investing in the exciting and lucrative world of DeFi. ETFs, the centralized version of DTFs have nearly a $20T market value and with the emerging powers of decentralization, DTFs could very well expect a similar surge!
Reserve Rights Token ($RSR)
The renowned native token Reserve Rights ($RSR) has two core utilities. First is Staking, enabling users to stake $RSR to provide collateral for Reserve Stablecoins (RTokens) to help maintain their $1 peg. Secondly, is the Governance where $RSR holders can vote on the proposals of the Reserve Protocol!
Conclusion
According to CoinMarketCap, at the time of writing, $RSR is trading at $0.007684 with a market cap of $433.53M. In the last bull run of 2021, $RSR reached an ATH of $0.1189 and has ever since been trying to make its way back up. With the surge of ETFs for large cryptos, the desire for DTFs grows stronger, and this could position $RSR nicely for the future bull run…
Official Reserve Rights Links
Reserve Rights Website
Reserve Rights App
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
