Reservoir
  • Introduction
    • Reservoir Overview
    • The Next-Gen Stablecoin
  • Products
    • Products Overview
    • Stablecoin - rUSD
    • Savings - srUSD
      • srUSD Calculations
    • Term - trUSD
      • trUSD Calculations
    • Lending Market
    • Proof of Reserves
  • Protocol Architecture
    • Architecture Overview
    • Credit Enforcer
    • Peg Stability Module
    • Term Issuer
    • Savings Module
    • Asset Adapters
  • Risk Management
    • Overview
  • Security & Compliance
    • FAQ
    • Smart Contract Addresses
    • Audit
    • Terms of Service
    • Risk Factors
  • Branding
    • Media Kit
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  1. Protocol Architecture

Term Issuer

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Last updated 11 months ago

Reservoir's Term Issuer enables users to exchange rUSD for fixed-term yield-bearing tokens trUSD of differing maturities. Governance will set debt caps and interest rates for the term-based token at different maturity dates throughout the year. The purchase will be discounted by the yield, and the user will be able to redeem 1:1 for rUSD at the maturity date. When issued, the user burns their rUSD and mints trUSD at the current discounted price and can expect to receive a rUSD balance equivalent to their trUSD balance upon maturity.

See the diagram that shows how term-based tokens are made available and their maturity schedule .

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