A Review by Craig Calcaterra

Thanks to the @Reserveprotocol team for being open to criticism, and for clarifying some of the design plans that were not included in the first draft of their white paper.

The Reserve team came to prominence by offering some of the most cogent criticism of previous stable coin projects that have currently been published.¹ Thus, expectations were high from the recent release of their whitepaper.² Despite a laudable adherence to basic economic principles in the broad strokes of their plan, we are disappointed that specific details reveal fundamental flaws.

We believe stable cryptocurrencies are crucial…


Semada Labs

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