A full summary of the AMA is provided in the link below.
🗣 Project Summary -
The Reserve project aims to introduce a stable, decentralized currency that can’t be abused by a government because it is globally distributed outside of anyone’s control, and thus nearly impossible to shut down.
Reserve Protocol is a decentralized stablecoin system that scales supply with demand and is built to maintain 100% or more on-chain collateral backing.
The Reserve protocol defines three tokens:
RSV is a stable cryptocurrency that can be held and spent the way we use US dollars and other stable fiat money. It is a decentralized, asset-backed stablecoin. Reserve believes it can beat fiat money in global stability. The protocol is designed to hold collateral tokens worth 100% of the value of all RSV tokens.
RSD is backed by USD in a bank account, and will be one of the many collateral tokens.
RSR is the protocol token and a transactional currency similar to MKR. When the RSV token is trading above $1.00, any excess RSV tokens in this pool can be purchased from the Reserve smart contract. Purchases are made with RSR, and only available to RSR token holders. Once the purchase is made, the RSR tokens are burned. Reserve estimates that about 2–5% of the USD value of the RSV in circulation will be burned in RSR per year. This comes from estimates about RSV velocity (for the transaction fees) and average collateral token appreciation rates (for thinks like tokenized treasury bills).