Decentralized Stablecoin Protocol Reserve Launches on Base

Odaily News The decentralized stablecoin protocol Reserve has been launched on Base, which is its first deployment outside the Ethereum mainnet. 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)