Reservoir xyz makes it simple to mint, stake, and earn yield on Ethereum. Explore the most common questions below.
What is Reservoir xyz and how does it work?
Reservoir xyz is a decentralized finance protocol built on Ethereum. It allows users to mint wsrUSD, a yield-bearing stablecoin backed by on-chain reserves, stake DAM tokens, and earn rewards through various partner integrations including IPOR, Dolomite, and Curvance.
How can I earn yield with Reservoir xyz?
You can earn yield on Reservoir xyz by minting wsrUSD and deploying it across supported money markets. Options include looping wsrUSD on IPOR for 0.5 points per wsrUSD per day, or using Dolomite and Curvance for up to 2 points per wsrUSD per day on notional invested.
What are Reservoir xyz Season 3 points?
Reservoir xyz Season 3 points are loyalty rewards distributed to active participants in the ecosystem. You earn points by holding wsrUSD, providing liquidity, and interacting with partner protocols. Points determine your ranking on the Reservoir xyz leaderboard and may qualify you for future token distributions.
Is Reservoir xyz safe and audited?
Reservoir xyz is built on audited Ethereum smart contracts and maintains fully transparent on-chain reserves. The protocol follows strict DeFi security standards. As with all DeFi protocols, users should conduct their own research before participating.
How do I get started with Reservoir xyz?
To get started with Reservoir xyz, connect your Ethereum wallet using the Connect Wallet button on the portfolio page. Once connected, you can view your holdings, mint wsrUSD, stake DAM tokens, and explore money market integrations to start earning yield and accumulating points.
