The Reserve
Directive.
Perspective: Protocol.
The Reserve is responsible for the 'Convertibility' and 'Sustainability' aspects of 3's DeFi Trident. These responsibilities are diverse and best referenced through the Reserve's deliverables, listed below.
Perspective: User.
The Reserve functions as a users means to exit or take part in the governance of 3's ecosystem.
The following are PSU's that fall under The Reserve:
The DeFi Trident.
Convertibility.
Debt (GUILD) pledge settlements (from Stage 2),
3Bond issuances and vesting (from Stage 3),
3Bond rebates (from Stage 3),
Excess revenue convertibility (from Stage 3),
Reserve Requirement autonomy (from Stage 3),
Debt secondary markets (from Stage 4),
3Fi primary market (from Stage 4),
3Bond (ETH) convertibility (from Stage 4),
3Bond secondary markets (from Stage 4),
Sustainability.
Surplus revenue distributions (from Stage 3),
System insurance (Legends) mechanics (from Stage 3),
Lending (3.NFT) Incubator (from Stage 4),
Governance modules (from Stage 4),
The following are tokens native to The Reserve:
3Fi tokens.
Collectively, 3Fi tokens own all speculative assets held in the Grove's Holding Contract (PHAs). Individually, 3Fi tokens represent fractional ownership of the amalgamated average value of all PHAs.
VW3 tokens.
3's internal VoteWeight allocation mechanism. Earned exclusively by staking 3Fi tokens, this token functions to instruct 3 on how it is to distribute surplus revenue, allocate 3Bond sale capital and likely other future 'primary-asset-allocation' functions.
Legend NFTs.
Collectively, Legends represent the guarantors of 3's ecosystem. Individually, Legends represent ownership of a single seat, limited to 333 in total.
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