in the relationship between Luna and Terra, right?
No, it doesn't. UST is a algorithmic stablecoin (meaning it defends its USD-peg directly in the market). It doesn't actually have redeemable collateral. We'll be launching a new tutorial video this week regarding the exact role RSR plays in the Reserve ecosystem (it is very different from LUNA's role in UST). I'll make sure to link it to you once we've published it!
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