Q1: I would like to stake my $RSR after mainnet,

Question

Q1: I would like to stake my $RSR after mainnet,

what kind of "Black Swan events" can happen during that time ?
(And how that will look if this Black Swan event will come. I just want to make sure to don't lose all $RSR)
A: mostly smart contracts bugs or hacks in the DeFi protocols that the new Reserve stablecoin uses. In the case of a default of one of the collateral tokens (like cUSDC), the protocol will automatically switch out that collateral for backup collateral. It might be the case that the collateral token has lost its peg, and therefore a gap exists that causes the Reserve stablecoin not to be fully collateralized anymore. In that case, the difference will be paid by RSR stakers (pro-rata).

So basically, if Compound, Aave, or any other DeFi protocol that the Reserve stablecoin uses gets hacked in a specific way, you might have to give up some of your funds. The chances of this happening are very low, but it can happen. Keep in mind that you will receive a stream of income in return for staking - so the amount that gets taken from you might just be some profit you've already made (but it could also not).

2) How exactly will look buyback $RSR after mainnet from DEXes ?
RTokens will generate revenue by using DeFi-yield bearing tokens like cUSDC, aDAI, etc. This revenue will be swapped for RSR through DEXs like Uniswap, and those RSR will be then be rewarded to the RSR staker.

#cryptocurrency #english #reserve

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31.01.2022

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Smeddy-o | Reserve | will never DM

It's pronounced "impeccable"

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31.01.2022

Green Grass

I like what you writed in a first answer: "Stream of income in return of staking" Do you know roughly how big % APY we can expect?

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01.02.2022

Sinatra Автор вопроса

Green Grass
I like what you writed in a first answer: "Stream ...

There won't be a fixed APY, it will be dynamic based on a few parameters, the most important ones being (a) the current circulating supply/market cap of the Reserve stablecoin you decide to stake on and (b) the amount of RSR staked on that stablecoin. The more popular a Reserve stablecoin becomes, the more attractive it could be to stake RSR on it (as its APY might be higher). However, higher APY stablecoins will then again attract more RSR holders to want to stake their tokens on that stablecoin, diluting the APY for the rest of the RSR stakers in that pool.

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01.02.2022

Smeddy-o | Reserve | will never DM · Accepted Answer

I think the point Sinatra raised yesterday was a good one. If an RToken ends up supported by 20 or 30 underlying assets, then 1, 2, even 3 or 4 assets facing an issue doesn't necessarily trigger a Black Swan event. A Black Swan by its nature is meant to be rare, or an outlier - a chain of extraordinary events happening an order that triggers an issue. Reserve is spending a lot of time thinking and talking around this, looking for the worst case scenarios, but they are meant to be rare events. https://en.m.wikipedia.org/wiki/Black_swan_theory explains it better, and the economist who coined the phrase, Nassim Taleb, has previously spoken highly of Reserve.

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Q1: I would like to stake my $RSR after mainnet,

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