Why This Upgrade Matters
The Reserve protocol is upgrading its Reserve Rights (RSR) token contract to its finalized version on January 13, 2022, at 11:59 PM UTC. This update prepares RSR for mainnet launch, introducing critical optimizations like ERC20Permit (EIP-2612) for streamlined staking transactions.
👉 Discover how this upgrade benefits long-term holders
Key Changes in the New Contract
- Removal of minting functionality: Ensures deflationary control.
- ERC20Permit integration: Reduces gas fees by enabling single-step staking approvals.
- Unlocked legacy tokens: Early investors' "lockMyTokensForever" holdings become transferable post-upgrade.
New Contract Address: 0x320623b8e4ff03373931769a31fc52a4e78b5d70
Critical Steps for RSR Holders
1. Centralized Exchanges & Major Wallets
No action required. The Reserve team will coordinate with platforms like Binance and MetaMask to auto-migrate balances.
2. Decentralized Platforms (Uniswap, Balancer, etc.)
⚠️ Withdraw staked RSR by January 13, 2022, 11:59 PM UTC or risk permanent fund loss. Legacy contract interactions will fail post-upgrade, locking both RSR and paired tokens (e.g., WETH).
3. Lesser-Known Wallets
Manually add the new contract address post-upgrade. Follow updates on the Reserve Twitter page for supported wallets.
FAQs
❓ What happens if I miss the deadline?
Staked RSR becomes irretrievable. Transactions will revert but still consume gas fees.
❓ How are tokens transferred to the new contract?
The new contract references the old balances automatically—no manual migration needed.
❓ Where can I verify the new contract?
Check the Etherscan link or Reserve’s GitHub.
👉 Learn about proactive steps to secure your assets
For Exchange/Wallet Managers
- Update RSR’s contract address post-deadline to maintain deposit/withdrawal support.
- Contact @RSVSinatra on Telegram for technical queries.
Stay Informed
- Project Details: Reserve.org
- Updates: Twitter | Blog
- Community: Join the Telegram group.
Note: This upgrade is irreversible—act now to safeguard your holdings.