Hello to everybody, Do we know the amount of

You can inspect the RSV vault at all times here, and you'll see the exact backing of RSV by opening the "Token" dropdown. In contrast with Tether or Circle that apply off-chain backing, with RSV you can at all times check the chain to see if what Reserve claims ("1 RSV will always be backed by 1/3 TUSD, 1/3 USDC & 1/3 USDP") is true.

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13.05.2022

MUG Metaverse Universal Games

Sinatra
You can inspect the RSV vault at all times here, a...

but we have no data for the off-chain ones right?

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13.05.2022

Rem $shit coin lover.

Sinatra
You can inspect the RSV vault at all times here, a...

Why use usdc that uses off chain backing instead of say, dai or mim?

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14.05.2022

Sinatra

Rem $shit coin lover.
Why use usdc that uses off chain backing instead o...

It's a logical question. I think the team assessed the risks of a default of USDC versus DAI, and while both are very low, they preferred USDC in that context. That being said, the current protocol is built in such a way where the collateral assets can easily be swapped for any other. If, let's say, USDC starts facing regulatory pressures, the protocol can easily switch out USDC for DAI (or any other decentralized stablecoin). For some more info on vault rebalancing, I suggest this part of the protocol documentation: https://reserve.org/protocol/how_rsv_works/#vault-rebalancing.

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14.05.2022

Rem $shit coin lover.

Sinatra
It's a logical question. I think the team assessed...

Cool

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14.05.2022

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

Smeddy-o | Reserve | will never DM

Hey O P, #tokenomics should guide you there 👉

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13.05.2022

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Hello to everybody, Do we know the amount of

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