Alpha Digging" is known as the on-chain BlackRock, how does the Reserve Protocol lead the RWA track trend?

With Trump's push for regulatory clarity of stablecoins and the end of family projects in person, the RWA track continues to heat up. The long-established stablecoin protocol Reserve Protocol has risen with the vision of permissionless coin issuance, decentralized ETFs and anti-inflation currencies, and has also been endorsed by the SEC chairman nominee, which is expected to become a potential project in this track. For more project analysis, please read the "Moving Zone Alpha Mining Series". (Synopsis: Tokenized U.S. Treasury market value "exceeded $5 billion" This month's demand exploded, who is the current leader of RWA? (Background supplement: Alpha Nuggets reveals the Keeta Network, a public chain invested by the former CEO of Google: integrating traditional finance, RWA. RWA (Real World Asset) linked to real assets is a fast-growing track, with TVL doubling from $9.7 billion to $19.64 billion in the past 1 year, and with Trump's efforts to clarify stablecoin regulation, SEC regulation is relaxed, and the Trump family project WLFI also launched the stablecoin USD1, the popularity of the RWA track is rising. In this context, the Reserve Protocol is a potential project worth watching. It focuses on stablecoins and decentralized index products, and early received advisory support from Paul Atkins, the SEC's nominee for new chairmanship, making it particularly visible in terms of both political and long-term vision. What is the Reserve protocol? Reserve Protocol is the first platform to support permissionless creation of stablecoins backed by diversified assets, yield-generating, and over-collateralized to support Ethereum, Arbitrum, and Base. According to official documents, Reserve's ultimate vision is to create a new stable currency that is free from the US dollar pegg, equally stable in the short term, and resistant to inflation in the long term. The currency will be backed by a basket of "diverse and well-structured tokenized assets" (such as precious metals, commodities, stocks, bonds, etc.) whose value can increase as global GDP grows, achieving the goal of maintaining purchasing power across generations, avoiding being limited by the depreciation of a single fiat currency such as the US dollar. This is also the fundamental difference between it and mainstream US dollar stablecoins such as USDT and USDC. One of the big challenges Reserve faced in the early days was that most real-world assets had not yet been listed on the chain, such as stocks, commodities and derivatives, which had not yet been tokenized, making it difficult to be included in the collateralized asset basket of stablecoins. However, as Trump's regulatory attitude has become friendlier after taking office, experts such as Andre Kang have also expressed optimism about the future of "everything can be tokenized", further supporting the vision blueprint outlined by Reserve. Since its launch in 2018, Reserve has gradually shifted from a single stablecoin platform to a broader DeFi ecosystem that includes yield products and indexed investment vehicles, with the expectation of becoming a "decentralized BlackRock." The core objectives of the agreement are: Provide a permissionless and transparent stablecoin issuance platform Solve inflation and store long-term value Expand to more diversified forms of asset management such as index investment and income products 2 major products 1. RToken: The asset-backed token Reserve is open to anyone issuing stable tokens called RToken, which are backed by a basket of collateralized assets such as cryptocurrencies or RWAs and have built-in revenue distribution and governance capabilities. Its stability comes from the market arbitrage mechanism and the over-collateralization of $RSR (see tokenomics for details), which users can mint and redeem at any time. Reserve's original USD stablecoin was RSV, but it was later replaced by the more flexible RToken framework. The first representative RToken is eUSD issued by MobileCoin, whose collateral assets include USDC and USDT deployed in Compound and USDC of Aave, with low fees and private transaction characteristics. In addition, RToken, such as ETH+ and bsdETH, which are anchored to Ether, have also emerged to further expand application scenarios. Check the RToken path: Go to the official website -> Click on stablecoins-> Click to see all RTokens. Currently, the top three RToken by market capitalization are: ETH+ ($126 million), USD3 ($35.16 million) and eUSD ($24.389 million). 2. Decentralized Token Folios (DTFs) On February 26 this year, Reserve launched the "Index Protocol", a permissionless on-chain platform that allows users to create tokenized asset index products called DTF (Decentralized Token Fund). The functionality is similar to that of an on-chain ETF, with the following features: Autonomous management and trading Transparent, real-time traceability of portfolios Round-the-clock redemption At present, DTF products have covered many popular tracks such as the broader market, AI, DeFi, RWA, etc., providing investors who cannot accurately select individual targets, and provide products that conveniently participate in the growth of the overall market or specific tracks. INTRODUCING the RESERVE INDEX PROTOCOL Index DTFs offer market or narrative exposure in a single click with 1:1 backing Transparent onchain custody 24/7 redemption Launch partners include @bloomberg Indices, @CoinDeskMarkets, @MarketVector, @virtuals_io + more pic.twitter.com/AAqZmAltHo — Reserve (@reserveprotocol) February 25, 2025 As of now, the top three DTFs by market capitalization are: BED ($196,000), ABX ($165,000), and CLX ($145,000). In addition, the official holding DTFs can earn up to 304% APR incentive activities, covering 14 DTF products, the event will close on April 1 (for details, please refer to: DeFi protocol mobile pool, earn fees). The native token of Tokenomics Reserve is RSR (Reserve Rights), which is mainly used to stabilize the value of RToken and provide overcollateral. RSR holders have the option to stake tokens to a specific RToken, and if the staked assets default, the staked RSR will be forfeited to compensate for losses. As an incentive, the proceeds that stakers can generate from RToken...