Season 1 Recap & Upcoming DAM Token Launch

Quick Overview

• Reservoir has grown to ~$250m in TVL

• srUSD had the highest APY in the stablecoin market 93 of the last 100 days

• srUSD is the 10th largest stablecoin by yield paid out in the last 90 days. (h/t stablewatch)

• Season 1 points (20 billion) represents 10% of $DAM Token supply 

• TGE details and airdrop coming soon

• Season 2 is starting now

• Season 1 holders that maintain a position with Reservoir receive a 20% loyalty boost for every point earned in Season 2

Season 1 Recap

Reservoir’s next-gen stablecoin design continues to solidify itself as the most capital efficient, highest yielding stablecoin in the market. Key partnerships and integrations have been instrumental in Reservoir’s growth and staying power. A major shoutout to them:

Morpho, Berachain, Dolomite, Kodiak, Infrared, Goldilocks, Beraborrow, Origami, IPOR, Euler, Pendle, Contango, Steakhouse, MEV, RE7, Gauntlet, Objective Labs, TAU labs, Jigsaw, LayerZero, USDT0, Chronicle, Enso, and more.

The 20 billion points cap marks the end of the Reservoir Season 1 campaign. Setting a points cap and sticking to it was a main priority in order to prevent dilution and reward all early supporters of the protocol fairly. These points represent 10% of the total DAM supply, claimable as part of the upcoming DAM token launch.

We are excited to announce that Reservoir is getting closer to the beginning of the decentralization of the protocol, with the launch of Reservoir’s native token, DAM.

DAM Token Update

Open up the DAM…

DAM holders will unlock actions to participate in governance, access new yields and reward streams, boosted point multipliers, more rewards for long term stakers and contributors. 

As we continue to integrate across DeFi products and chains, Reservoir will grow. We are bringing adoption into new projects / chains to deepen liquidity, amplifying yields for users and aligning incentives with DAM.

Stakers of DAM across these integrations will unlock new yield avenues and points — creating the flywheel for users to generate value with Reservoir.

Season 2 Plan

Season 1 is now complete and we will immediately begin Season 2.

Season 1 points holders will receive a series of loyalty boosts in Season 2 - starting with a 20%  loyalty boost for every point earned during Season 2.

Season 2 will last for 6 months and result in a minimum of 5% of DAM supply distributed.

More exciting updates and integrations are on the horizon for new yield opportunities and  higher point strategies:

• New Chains - Katana, Plume, Monad, Sonic, HyperEVM, Unichain, World Chain, Arbitrum, Megaeth, Plasma and more

• Cross Chain Minting / Redeeming - we are building a first in-kind infrastructure to permit the minting and redeeming of any reservoir asset on any chain with instant liquidity and no manual bridging.

• New Stablecoin PSMs - soon users will be able to mint and redeem rUSD with USDT and USD1

• Higher Yield Strategies - exploring additional yield opportunities on a variety of chains

Reservoir is just getting started.

FAQs

• As we get closer to TGE, DAM tokenomics will be shared in a separate post

• Timing and dates of airdrop claiming / TGE will be shared in a separate post

• More questions? Looking to collaborate? Please reach out to us in Discord