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Full technical details:
By staking RSR, users take part in a Yield DTF's future. RSR is staked on each DTF individually, and can only be unstaked after a preset delay (usually ~2 weeks).
RSR stakers provide governance and peg protection (overcollateralization) in exchange for DTF yield. These functions make up the three core components of RSR staking: governance, peg protection, and yield.
RSR stakers govern Yield DTFs by token weighted vote. RSR governance controls collateral composition, token configuration, and contract upgrades.
Example:
ETH+ stakers expanded its collateral basket to scale liquidity and keep pace with user demand.
For Yield DTFs, staked RSR 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 DTF risk and keeps incentives aligned between RSR stakers and DTF holders.
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.
In exchange for governance and security, RSR stakers earn a portion of a DTF's yield. The amount allocated to stakers varies between Yield DTFs, with some tokens prioritizing security over growth and vice versa.
Learn more:
Compare RSR yield for each Yield DTF.
Vote locking is your seat at the table for shaping an Index DTF’s future. It gives you direct voting power over key decisions and, in many cases, a share of the DTF's fees.
RSR is the default governance token for Index DTFs, though any token can be used. Through token weighted voting, vote lockers oversee parameter changes, contract upgrades, and changes to the basket sometimes voting directly on which assets to include — other times ensuring rebalances stay true to index targets.
Every Index DTF channels a portion of its fees back to RSR, permanently. Platform fees are currently used to buy RSR on the open market and burn it, permanently removing it from circulation. In the future, RSR holders may vote to direct these flows in other ways.
RSR has a fixed maximum supply of 100 billion tokens, with about 60 billion currently in circulation. Future emissions are set on a fixed schedule that emulates the emissions curve of Bitcoin. This deterministic schedule removes guesswork, ensuring transparency and long-term planning for the entire ecosystem.
Learn more about the emissions design from our deep dive blog post, or visit CoinMarketCap's Token Unlock page to track token supply in real time.
RSR token supply overview
Note: these numbers do not yet include the burned tokens from Index DTF platform fees.
