Reserve (@reserveprotocol): Had the intern check the @Dune dashboard this morning, and only 9.52% of $RSR on mainnet is staked on an RToken? 🧐

Had the intern check the @Dune dashboard this morning, and only 9.52% of $RSR on mainnet is staked on an RToken? 🧐 Meanwhile, a measly 0.34% of RSR on @base is staked on an RToken??? Guys. When you stake your RSR on an RToken, you earn a portion of an RToken’s yield in exchange for governance and security — you pledge your RSR as emergency first-loss capital while managing the RToken’s configuration and collateral. 👇 These functions make up the three core components of RSR staking: 1️⃣ Governance. RSR stakers govern RTokens by token-weighted vote. RSR governance controls RToken collateral composition, token configuration, and contract upgrades. For example, ETH+ stakers recently voted to add @staderlabs’s ETHx to its collateral basket. 2️⃣ Peg protection. Staked RSR also serves as emergency first-loss capital in case of collateral depeg. When a depeg is detected, staked RSR is sold as first-loss capital to cover any losses. This overcollateralization mitigates RToken risk and ensures incentives are aligned between RSR stakers and RToken holders. For example, RSR staked on eUSD was sold to protect against USDC’s depeg in March 2023, though stakers lost little and were made whole in a few short months. 3️⃣ Yield. In exchange for governance and security, RSR stakers earn a portion of an RToken’s yield. The amount allocated to stakers varies between RTokens, with some tokens prioritizing security over growth and vice versa. If you want to stake your RSR but don’t know how, ask here in the comments or drop in the Discord — someone’s always willing to help!