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Reserve invests $20M in governance tokens of yield farming apps Curve, Convex and Stake DAO

June 21 (Cointime) - Stablecoin protocol Reserve has announced a $20 million investment in the governance tokens of yield farming apps Curve, Convex, and Stake DAO. The investment aims to increase the liquidity of Reserve's stablecoins, known as RTokens, and boost Reserve's voting power in these apps' governance systems.

Reserve allows users to create their own stablecoins backed by any asset they choose, with eUSD and High-Yield USD among the examples created through the protocol. The investment may enable new features for RTokens, including collateralized loans, wallet products, tokenizing real-world assets, and more transparent fintech systems.

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