Reserve has invested $20 million in Convex, Curve and Stake DAO.
Reserve has decided to invest $20 million in stablecoin protocols such as Convex (CVX), Curve (CRV) and Stake DAO (SDT).
Reserve Invests in Stablecoin Protocols
Reserve has decided to invest $20 million in stablecoin protocols such as Convex (CVX), Curve (CRV), and Stake DAO (SDT). The purpose of this investment is to increase the liquidity of Reserve’s stablecoin called RTokens. Additionally, this investment will enable the Reserve to increase its voting power in the protocols’ governance systems.
Prior to this announcement, Reserve was ranked seventh among holders of Convex tokens, after Mochi, Redacted, JPGd, Badger, Clever, and FRAX. The protocol generates returns by heavily using Convex tokens.
The Reserve team stated that this $20 million investment will provide new features for RTokens. These features include secured loans, wallet products, and tokenization of real-world assets.
