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  • 01 ReSource Finance
    • Glossary
    • Executive Summary
  • 02 Mutual Credit
    • 2.1 Definitions and Rationale
    • 2.2 History
    • 2.3 WIR Bank
    • 2.3.1 Modern Multilateral Barter Networks
    • 2.4 Mutual Credit on the Blockchain
    • 2.5 The Basic Economic Questions for DLT-based Mutual Credit Systems
  • 03 The ReSource Protocol
    • 3.1 Introduction
    • 3.2 Distributed debt collection and obligation enforcement
    • 3.3 Distributed risk management
    • 3.4 Underwriting and risk assumption
    • 3.5 The Underwriting process - a breakdown
    • 3.6 Ambassadors and network administration
  • 04 Monetary Flow, Reserves, Default Insurance
    • 4.1 Introduction
    • 4.2 Default Insurance
    • 4.3 RSD Savings Accounts
    • 4.4 RSD Autonomous stability and relation to the US Dollar
    • 4.4.1 RSD/USD Soft Peg
    • 4.4.2 RSD on the Open Market
    • 4.5 SOURCE Token Dynamics
    • 4.6 Monetary Buffering
  • 05 Protocol and Network Governance
    • 5.1 Introduction
    • 5.2 Reputation
    • 5.3 SOURCE Governance Token
    • 5.4 Initial SOURCE Allocation and Distribution
  • 06 Application Layer
    • 6.1 Introduction
    • 6.2 The Underwriting dApp
    • 6.3 The Ambassador dApp
    • 6.3 The Pool Aggregator
    • 6.4 The ReSource Marketplace
  • 07 TECHNOLOGY
    • 07 Overview
    • 7.1 Negative Balances & CIP36
    • 7.2 Non-custodial Key Management
    • 7.3 The Marketplace
    • 7.4 Distributed Underwriting and Data Aggregation
    • 7.5 Financial Data & Data Providers
    • 7.6 ReSource Credit Risk Analysis Algorithm
    • 7.7 “Pay with ReSource"
    • 7.8 Cross-network liquidity pools for interoperability
  • 08 Future Industrial Use Cases for the ReSource Protocol
    • 08 Overview
    • 8.1 Telecommunication
    • 8.2 Complex Supply Chain Financing
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  1. 04 Monetary Flow, Reserves, Default Insurance

4.1 Introduction

For the purpose of clarity, we will from now on refer to the network’s stable credit as RSD and focus on its specific token economics. Please be reminded that RSD is the stable credit arising from the ReSource Network. Other mutual credit systems built on top of the ReSource Protocol may design different stable credits with a variety of soft and/or hard pegging mechanisms.

While all transactions between members are settled in RSD, transaction fees are settled in SOURCE, the Protocol’s governance and utility token. These SOURCE payments serve as the basis for SOURCE reward paid out to Ambassador, Underwriter and RSD savers (see chapter 4.3).

As we’ll see below, RSD deployed into savings plans, in conjunction with SOURCE stakes provided by Underwriters and Ambassadors, serve as the basis for the network’s currency stabilization mechanism and its insurance against defaults.

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Last updated 2 years ago

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