How RSR can go up in value by staking?noob question

Question

Reserve Protocol

dimas

How RSR can go up in value by staking?noob question

#cryptocurrency #english #reserve

0

23.09.2022

6 ответов

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dimas Автор вопроса

TP
$rsr will be market bought to pay stakers, thus a...

then i just wait, once staked can u unstaked?

0

23.09.2022

Smeddy-o | Reserve | will never DM

dimas
then i just wait, once staked can u unstaked?

You can! There will be a window between saying "unstake" and the unstaking happening (otherwise insurance doesn't work well as a concept), and the team suggests 2 weeks as a suitable time (although it is a parameter by an RToken creator). It's why governance will be an important aspect of Reserve - well-managed baskets can be aware of and take action if any particular asset looks to be risky.

0

23.09.2022

dimas Автор вопроса

Smeddy-o | Reserve | will never DM
You can! There will be a window between saying "un...

so you can stake it directly from ur hardware wallet right?

0

23.09.2022

Smeddy-o | Reserve | will never DM

dimas
so you can stake it directly from ur hardware wall...

Yes, if your wallet can interact with smart contracts - #staking (so wallets on exchanges probably can't stake, certainly not on Day 1 or without an exchange doing work yo allow it. But most wallets will be able to do so.

0

23.09.2022

Rose

Smeddy-o | Reserve | will never DM
Yes, if your wallet can interact with smart contra...

How do I stake my RSR? RSR holders can choose to stake their RSR on any Reserve stablecoin in order to insure it against default of any of its collateral tokens. In return, the RSR staker earns a portion of the revenue that RToken makes 💰 🕓 Staking of RSR will become available upon mainnet launch (for more info on mainnet type #mainnet) 📹 We will release a tutorial video around mainnet launch to show you exactly how RSR staking can be done — Wallets that can be used for staking — ✅ WalletConnect (Ledger, Trust, ...) ✅ WalletLink (Coinbase) ✅ Metamask ✅ Fortmatic ✅ Trezor For more detailed information on RSR staking, please refer to: https://reserve.org/protocol/2021_version/#rsr-staking

0

23.09.2022

TP · Accepted Answer

TP

$rsr will be market bought to pay stakers, thus a deflationary supply. If 50% sell their earned $RSR and 50% restake, you are looking at huge supply and Mcap pressure. Super bullish long term.

0

23.09.2022

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How RSR can go up in value by staking?noob question

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