Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO By Cointelegraph
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Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve’s voting power within these apps’ governance systems.
Reserve is a stablecoin protocol that allows users to create their own coins backed by any asset they wish. Electronic USD (eUSD), High-Yield USD (hyUSD), Reserve (RSV), Reserve Dollar (RSD) and ETH+ are a few examples of stablecoins that have been created through Reserve.
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Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve’s voting power within these apps’ governance systems.
Reserve is a stablecoin protocol that allows users to create their own coins backed by any asset they wish. Electronic USD (eUSD), High-Yield USD (hyUSD), Reserve (RSV), Reserve Dollar (RSD) and ETH+ are a few examples of stablecoins that have been created through Reserve.
Continue Reading on Coin Telegraph
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