Then, are the newly issued RTokens audited to remove rugpools?

Question

Reserve Protocol

Brandon d

Then, are the newly issued RTokens audited to remove rugpools?

#cryptocurrency #english #reserve

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23.01.2022

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Mspretty86

Sinatra
This is a very interesting question to think about...

My goodness

0

23.01.2022

Sinatra · Accepted Answer

This is a very interesting question to think about. RTokens in itself are not ruggable, since (as far as I am aware), all RTokens need to be at least 100% backed by ERC-20 assets. So, unlike those many projects you hear about that get rugged, you can not create a supply out of thin air - the ERC-20 token needs to be locked in a smart contract before the RToken gets minted. That being said, someone could create a bunch of ruggable ERC-20 tokens and create an RToken that is backed by those. The end result will be that, if those collateral tokens get rugged, so will the RToken. There won't be a audit for RTokens - it's truly decentralized and permissionless. However, from what I've heard, anyone will be able to inspect the risk factor of each RToken in the Reserve dApp (including historic price action of the collateral).

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Then, are the newly issued RTokens audited to remove rugpools?

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