Profile
wsrUSD profile facts
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.
- 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
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
wsrUSD quick answers
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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?
As of Oct 25, 2026, Pharos grades wsrUSD C+ (60/100) on its Safety Score. Pharos's reviews record that freeze exposure is inherited through upstream collateral, custody or wrappers, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs wsrUSD?
Pharos records wsrUSD's reserves as of Sep 29, 2026 as 100% rUSD via Reservoir Savingcoin ERC-4626 wrapper. Reserve evidence: Real-Time PoR by Reservoir Protocol (on-chain live balance sheet). Pharos classifies the backing as Real-World Asset Backed.
Can wsrUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
How do you redeem wsrUSD?
Under the route Pharos reviewed on Oct 9, 2026, any holder can redeem wsrUSD for USDC. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
