Wrapped Savings rUSD (wsrUSD) stablecoin analytics
Answer First
What is Wrapped Savings rUSD (wsrUSD)?
wsrUSD is Reservoir's non-rebasing ERC-4626 savings token over rUSD, with a governance-set rate and exposure to the upstream protocol balance sheet. The static profile records its rUSD-denominated NAV accounting mechanism as: wsrUSD is a non-rebasing ERC-4626 vault token that accepts rUSD and accrues yield per block; token price appreciates continuously from $1.00 as protocol yield accrues, and users can redeem wsrUSD for rUSD at any time. rUSD itself is minted and redeemed through Reservoir's Peg Stability Module (PSM) against supported stablecoins, subject to available protocol liquidity.
Is wsrUSD safe?
Pharos does not assess wsrUSD as safe: it holds a D Safety Score grade (42/100) in the latest published rating, which flags significant structural risk. Static metadata says Wrapped Savings rUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Reservoir Protocol (on-chain live balance sheet); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Wrapped Savings rUSD (wsrUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg rUSD-denominated NAV.
Variant Relationship
Wrapped Savings rUSD (wsrUSD) is modeled as a savings variant of Reservoir rUSD (rUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Sep 7, 2026
wsrUSD is Reservoir's non-rebasing ERC-4626 savings wrapper over rUSD: depositing burns rUSD, withdrawing mints it back, and the share price rises as protocol yield accrues, so the token trades above a dollar by design. Its only direct reserve is that rUSD claim, verified from the wrapper's constructor and pinned contract reads; the T-bill, lending-vault, and basis strategies behind it live on the rUSD entry and are inherited rather than duplicated. That inheritance is the trade-off.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Reservoir docs and Reservoir proof of reserves
- Collateral
- T-bills and government securities (RWA allocation via governance-approved Asset Adapters), overcollateralized DeFi lending in Morpho and Euler vaults (curators include Steakhouse, Re7, MEV Capital, Gauntlet, Objective Labs), and crypto funding-rate / basis strategies; Credit Enforcer smart contracts enforce governance-set minimum Liquidity, Asset, and Equity Ratios before allocation changes. Reservoir's documentation describes approximately 105% as a usual illustrative minimum, not a verified current threshold.
- Peg Mechanism
- wsrUSD is a non-rebasing ERC-4626 vault token that accepts rUSD and accrues yield per block; token price appreciates continuously from $1.00 as protocol yield accrues, and users can redeem wsrUSD for rUSD at any time. rUSD itself is minted and redeemed through Reservoir's Peg Stability Module (PSM) against supported stablecoins, subject to available protocol liquidity.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Reservoir Protocol (on-chain live balance sheet) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety wsrusd-reservoir
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
wsrUSD quick answers
What is Wrapped Savings rUSD (wsrUSD)?
wsrUSD is Reservoir's non-rebasing ERC-4626 savings token over rUSD, with a governance-set rate and exposure to the upstream protocol balance sheet. The static profile records its rUSD-denominated NAV accounting mechanism as: wsrUSD is a non-rebasing ERC-4626 vault token that accepts rUSD and accrues yield per block; token price appreciates continuously from $1.00 as protocol yield accrues, and users can redeem wsrUSD for rUSD at any time. rUSD itself is minted and redeemed through Reservoir's Peg Stability Module (PSM) against supported stablecoins, subject to available protocol liquidity.
Is wsrUSD safe?
Pharos does not assess wsrUSD as safe: it holds a D Safety Score grade (42/100) in the latest published rating, which flags significant structural risk. Static metadata says Wrapped Savings rUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Reservoir Protocol (on-chain live balance sheet); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs wsrUSD?
Pharos classifies wsrUSD backing as Real-World Asset Backed. Collateral, per the static profile: T-bills and government securities (RWA allocation via governance-approved Asset Adapters), overcollateralized DeFi lending in Morpho and Euler vaults (curators include Steakhouse, Re7, MEV Capital, Gauntlet, Objective Labs), and crypto funding-rate / basis strategies; Credit Enforcer smart contracts enforce governance-set minimum Liquidity, Asset, and Equity Ratios before allocation changes. Reserve evidence: Real-Time PoR from Reservoir Protocol (on-chain live balance sheet).
Can wsrUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for wsrUSD, when applicable, appear in the dossier below.
