October 20, 2024 ☼ Crypto ☼ Payments
I’m planning to explore the Reserve Protocol, a fascinating cryptocurrency with a broad vision of improving lives and not just serving as a speculative asset. It aims to hedge against inflation, employs innovative technology and governance solutions, and supports citizens in struggling economies like Venezuela.
I’ll watch a series of videos by the founders and note my thoughts.
I’m starting with their governance videos.
The Guardian role’s veto power is designed to prevent governance capture. I wonder how it has been used in the past though. Transparency on past use and documentation of veto instances would build trust.
Who is the current guardian, and how are they chosen? Is it just founder Nevin? Could internal roles or a rotation improve oversight?
Governance relies on RSR staking. Key questions:
Proposals involve creation, voting, and time locks for security and safeguards.
How are urgent proposals handled?
Reserve models its governance on Compound but avoids over-delegation issues that slowed decision-making. What specific lessons has Reserve applied?
I’ll continue watching their videos (they’re clear and accessible, the founders’ transparency builds trust). I’ll also join their communities, buy some RSR, and observe their governance mechanisms firsthand.
This article is part of a series on the Reserve Protocol:
Notes on the Reserve Protocol — Governance (current)
Notes on the Reserve Protocol — Arbitrage