it pays interest through its DeFi feature. How does the RSR team generate a profit to pay interest on it? Brokerage Fee??
Hello again, Ton! With the new stablecoin (of which RSX is the placeholder name), the collateral tokens are actually tokens that automatically capture borrowing fees from DeFi protocols. These fees are then distributed to holders of the stablecoin.
This is an amazing make defi easy feature
Exactly, it makes it so even non-crypto savvy people (like a lot of our Reserve app customers) can still enjoy DeFi-yields.
That north star is very unique to the team. Well done sticking to it.
Our DeFi stablecoin will use yield generating stablecoins tokens from Compound and Aave, that's where the revenue will come from.
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