Odaily Planet Daily News The decentralized stable currency protocol Reserve has been launched on Base. This is its first deployment outside the Ethereum main network. The protocol has a TVL of $24 million on Ethereum.
The move enables users to create their own “RToken”, a decentralized stablecoin, flatcoin (pegged to the cost of living) or a tokenized index using Reserve’s Asset Backed Currency Factory on lower-cost Base. These assets are backed by a basket of over-collateralized ERC-20 tokens.
Reserve’s collateral options on Ethereum and Base include major stablecoins, Ethereum and wrapped Bitcoin, which can be used individually or from Compound, MakerDAO, Aave, Convex, Curve, Morpho and Flux Finance, the project said Earn profits from the agreement. (The Block)