Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Reserve Profile picture
@reserveprotocol
Mar 10, 2023 • 12 tweets • 10 min read • Read on X
Scrolly
1/12

The #ETHDenver2023 report 🔥

18 members of the protocol team (including engineering, biz dev, legal, design, film, someone called Nevin) gathered for:

- On-site planning
- Reserve Hackathon
- Speaking at ETHDenver
- 2 after-hour hosted events
- Meetings w/ other teams
2/12

We think we've built something the world truly needs and enjoyed coming together IRL to explore what comes next... 👌

And in a world partly re-organized around remote working, it's a reminder of the importance of being in person sometimes. Image
3/12

Taylor is mapping out a unique RToken idea in the above picture, but at some point on Tuesday one of the boards looked like this...

As these entries take focus, we'll be sharing them here and in depth on Discord 👉 discord.gg/pgeqv58MTG Image
4/12

Wednesday, Part 1: Hackathon

Wait for the fruit to bloom on this one, as it's led to some developments that will come into reality pretty soon 🔥

Seamlessly organized by @larrythecumber, and special thanks to @0xJMG for bringing the exact right people into the room 🤝
5/12

Wednesday Part 2: We joined @fraxfinance, @FlywheelDeFi, and @reflexerfinance for a night of #ETHDenver decompression with fellow stablecoin maxis!

With some similar aims across our projects, getting to see our communities mix, cross-pollinate ideas and chill was 🔥
6/12

Stay warm Denver! In the first few days of #EthDenver2023, we handed out hundreds of beanies🔥

All around the city, you saw them - on the streets, on Uber drivers, at the conference...

(Almost) all were given to people who shared the values and appreciated the mission.
7/12

Thursday, the team hit #EthDenver2023 fully, not least to see @0xJMG speaking with @jackchong_jc on how and why asset backed currency is taking shape as one of the strengths crypto can offer the world.

Speaking of which... 👉 Image
8/12

VIDEO: @jackchong_jc and @0xJMG speak on The Asset Backed Currency Revolution at #ETHDenver2023 🔥

Jack, author of The Unreal Primer on Real World Assets, and James, Head of Ecosystem at Reserve, dig deep for 30 minutes on what's coming next:

📽️
9/12

Friday, we gathered with @StruckCrypto, @shardeum, and @moby_app for talks and drinks with the crypto crowd 🎉

Teams with plenty in common, getting to talk to each other in person - as well as toast the launch of $eUSD with @moby_app ✅
10/12

Things to mention...

- We don't speak much about governance (yet), but there's a whole other arm of Reserve working on this millennia-old problem

- The fantastic Curve ecosystem folks holding a livestream Llama Party with @mattimost
11/12

And not to forget...

- @taylo_r_ casually blowing our minds with an unconsidered RToken...

- Everyone seems to know @Naan_Fungible!

- @larrythecumber's secret personal superpower is "play any sport at pro level"

- a surprise concert from @polyphia 🔥
12/12

So far we have...

built massive pathways in Latin America,
designed the protocol,
evolved it into a platform,
set it free after the fifth audit,
and seen the first RToken launched.

The year is young with more to come...

Join the conservation 👉 discord.gg/pgeqv58MTG

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Reserve

Reserve Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @reserveprotocol

Reserve Profile picture
Sep 6, 2023
1/
@LidoFinance's increasing market share is on everyone's mind right now. While impressive, it arguably presents a threat to the overall health of the network.

Let's talk about ETH+ and how it could be used to mitigate these Ethereum staking centralization concerns.
2/
As a reminder, ETH+ is an RToken deployed using the Reserve protocol.

Its mandate includes maintaining an "Ethereum aligned Liquid Staking basket, making a positive impact to Ethereum's staking distribution and bringing value to ETH+ holders."

For more about ETH+, read on
3/
To quickly understand why Lido centralization is a concern, read this post from @evan_van_ness - a decentralization researcher.

This is a relatively complicated topic, so spend some time on it.

How does ETH+ fit into this debate?
Read 13 tweets
Reserve Profile picture
Mar 12, 2023
1) This morning, $eUSD collateral was rebalanced. The $cUSDC and $saUSDC were auctioned off to be replaced with the emergency backup: $USDT. 🎉
2) Because $USDC was trading at a discount (~$0.955), that leaves $eUSD about 98% backed with collateral in the basket.

The next step is for the protocol to sell staked RSR in order to cover that difference and bring the backing back to 100%.
3) Under normal operations, that would happen pretty much right away. However, the protocol detected a tiny discrepancy - about 1 millionth of a token less was sent back from the auction contract than it expected.
Read 12 tweets
Reserve Profile picture
Mar 12, 2023
1) Rangers, MEV searchers, & arb aficionados...

Tomorrow, we call on all of you to participate in the first auction of defaulted collateral that backs $eUSD, an asset-backed currency deployed on our protocol!

Auctions available to begin at 3:37am PST ⏰
2) When $eUSD was launched two weeks ago, I doubt many people in the world were expecting $USDC to depeg from $1, but it has, and here were are.

$eUSD is backed with 25% $cUSDC and 25% $saUSDC which have remained below their default thresholds of $0.9875 for 24hrs.
3) The cUSDC + saUSDC portions of the basket officially changed to `DEFAULTED` at 9:37pm PST this evening
Read 14 tweets
Reserve Profile picture
Feb 28, 2023
1/4
 Reserve your beanie #ETHDenver2023

Step into a world of dreamers, heroes, and builders with Reserve's Stable Currency Human Right beanie
2/4
 From the artist, the beanie makes reference to an expanding and vibrant universe

The material (value) and ethereal (the medium of exchange) are constantly transforming and shaping a new reality: the future of money
3/4
 With the Reserve beanie you cross the portal

You enter the revolution, of dreamers, heroes, and builders that want to make things differently
Read 4 tweets
Reserve Profile picture
Feb 28, 2023
On 02/24, the Electronic Dollar (eUSD), a decentralized 1:1 asset-backed stablecoin built with @reserveprotocol, officially launched on the Ethereum & MobileCoin blockchains.

eUSD is NOT your average stablecoin. It is decentralized, community-governed, and censorship-resistant. Image
The collateral composition of eUSD consists of a diversified basket of yield-bearing, trusted stablecoin derivatives using Compound and Aave (cUSDC, cUSDT, aUSDC, aUSDT).

Not only does this basket provide a censorship resistant, stable backing - it also generates yield 👀
100% of the yield that eUSD generates is directed to RSR stakers who participate in governance and provide overcollateralization.

Fun fact: eUSD is currently 189% overcollateralized, 89% of which is coming from RSR stakers earning ~3% APY.

Read 8 tweets
Reserve Profile picture
Feb 23, 2023
1/17

We have an important announcement to make:

…Reserve has reached the ALL CLEAR MILESTONE
2/17

This version of Reserve’s rigorously audited and tested codebase kicks off our journey of enabling stable, asset-backed currencies for the world.

And in this post, we’ll explain how you can take part! 🔥
3/17

In this thread...

- The All Clear Milestone
- What Does Today Mean?
- What Comes Next?
Read 17 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(