Thread by @reserveprotocol

1/6 We've received quite a few questions about the relationship between #RSR and #RSV that is being used in the Reserve app.

☑️ "Can I stake my RSR on RSV?"
☑️ "Do RSR holders benefit from the growth of the Reserve app?"

Let us try and clear this up in this thread ⬇️

2/6 While RSV in its current form can not be staked on, our objective is to eventually replace all RSV balances in the app with RToken balances, and allow RSR to be staked on them.

RSV is centralized, and our vision for the app cannot be achieved with a centralized currency.

3/6 We'll come to a point where we'll want to start using a decentralized currency in the app in order to avoid the risks that come with centralized ones for our customers.

This currency will require decentralized governance & insurance, which is where RSR comes in.

4/6 As for *when* we'll make this change: we'll definitely want the smart contracts to exist for a while to make sure there are no unexpected bugs.

We'd also like to see improvements in governance systems by then, as we believe the current state of token voting is too gameable.

5/6 This does not mean RSR holders have to wait for this change to happen before being able to stake their tokens.

Starting from protocol launch onward, RSR can be staked on any RTokens that require insurance (including those that will be integrated into the Reserve app).

6/6 The Reserve app is a perfect example of how a stablecoin can make an impact in the real world.

Similarly, we expect other individuals or entities to find value in creating and using insured, collateralized, yield-bearing RTokens.