Web 3 Dollar is a stablecoin created using the Reserve Protocol, offering yield and protection against inflation. More
| Fully Diluted Valuation | $39.28M |
|---|---|
| 24H Trading Volume | $81,990 |
| 24H Low / High | $1.06 / $ 1.06 |
| Circulating Supply | 36.98M |
| Total Supply | 36.98M |
| Max Supply | ∞ |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | Anonymous |
| Website | reserve.org |
| Socials | |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arkhamintelligence 3 more |
| Contracts |
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1 more
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| Name | Pair | OG Score |
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The Web 3 Dollar is a stablecoin built using the Reserve Protocol. It’s designed to avoid inflation like USD while also avoiding the price swings of volatile assets like Bitcoin. The token is backed by a basket of assets like stocks, bonds, gold, and real estate.
How Web 3 Dollar Generates Yield
RTokens, which are the assets that make up Web 3 Dollar, generate revenue through yield-bearing assets such as stablecoins in lending protocols and liquid staking solutions like Rocket Pool and Lido. This ensures that the stablecoin remains stable while earning yield.
Decentralized Governance
Web 3 Dollar is governed independently by Reserve Rights (RSR) stakers. There are no human decisions or governance votes involved in seizing assets if the collateral defaults. Everything operates based on price feeds from oracles.
Risks
While Web 3 Dollar has been tested and audited, there are still risks. These include potential bugs in the smart contracts, governance attacks, and exploits in the front-end software used to access the protocol.
Emergency Safeguards
In case of a critical issue, there are emergency controls in place. A multisig group and governance timelock can pause or freeze malicious activities to protect users and the system.
Conclusion
The Web 3 Dollar provides a stable, inflation-resistant currency backed by diverse assets. It allows permissionless minting and redeeming, offering both yield and security to users.
Web 3 Dollar is unique because it's a stablecoin backed by a basket of tokenized assets like stocks, bonds, and real estate, generating yield through decentralized protocols while being governed by RSR stakers without human intervention.
The founders of Web 3 Dollar are part of the Reserve Protocol team, which developed the platform for decentralized stablecoins and asset-backed tokens.
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