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The Reserve Protocol
by mk

    There are three planned phases of the Reserve network:

    1. The centralized phase — where Reserve is backed by a small number of collateral tokens, each of which is a tokenized US dollar.

    2. The decentralized phase — where Reserve is backed by a changing basket of assets in a decentralized way, but still stabilized in price with respect to the US dollar.

    3. The independent phase — where Reserve is no longer pegged to the US dollar, with the intent of stabilizing its real purchasing power regardless of fluctuations in the value of the dollar.