Wrapped Savings rUSD
WSRUSD
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WSRUSD (Wrapped Savings rUSD) is an ERC-4626 wrapped yield-bearing receipt token issued by Reservoir Protocol, backed by real-world assets (RWAs) and on-chain yield strategies. The protocol maintains active multichain deployments and integrations with lending venues such as Morpho, with the token reliably holding its peg (~$1.09–$1.10) across historical pricing. However, the asset is constrained by significant structural and transparency deficits. Active development has largely stalled with third-party trackers flagging the GitHub organization as inactive, and secondary market trading volume is virtually non-existent. Governance and leadership are fully opaque with no publicly identified team members, and the retrieved documentation lacks verifiable third-party smart contract audits or attestation reports for the underlying collateral. While there is no record of exploits, depegs, or regulatory actions, the combination of opaque governance, absence of verifiable audits, and low liquidity limits its overall viability.
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Team & Governance
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Security & Audits
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About Wrapped Savings rUSD (WSRUSD)
WSRUSD (Wrapped Savings rUSD) is a non-rebasing ERC-4626 wrapped receipt token issued by Reservoir Protocol. It serves as the wrapped version of Savings rUSD (srUSD), capturing yield generated from real-world assets (RWAs) and on-chain strategies, including Treasury bills, overcollateralized lending, and funding rate strategies. The token is deployed across multiple blockchain networks, including Ethereum, BNB Chain, Avalanche, Katana, and Solana.
The primary use case of WSRUSD is providing a yield-bearing collateral asset within decentralized finance protocols, including integrations with lending platforms such as Morpho. Operating without a traditional vesting schedule or inflationary emissions, the token captures yield through the underlying asset mechanics. Across aggregators, reported circulating supply ranges between 32 million and 60 million tokens, though secondary market trading activity remains near zero and on-chain holder counts on Ethereum are relatively low.
Several governance, operational, and security risks surround the project. The founding team and developers remain anonymous, and there is no active public DAO forum or documented governance voting structure. Public repositories associated with the protocol have been flagged by third-party trackers for development inactivity, and available documentation lacks verifiable third-party smart contract audit reports or asset attestations. While WSRUSD has maintained historical price stability around $1.09 to $1.10 without recorded exploits, depegs, or regulatory actions, risk assessments identify contingent collateral exposure across integrated lending markets in the event of a future protocol vulnerability.