what's Reservoir?
Reservoir is an open-source protocol providing NFT trading infrastructure and APIs designed to enable seamless buying, selling, and data aggregation for NFTs across multiple blockchains. It acts as a liquidity aggregator and order book, allowing developers to integrate advanced NFT marketplace features without building from scratch. The platform supports on-chain order execution and has been utilized by major players like Coinbase, MetaMask, and Magic Eden to enhance their NFT offerings. Key technical components include a decentralized order book that aggregates liquidity from various sources, real-time API endpoints for NFT metadata, pricing, and trading history, and tools for custom marketplace development. Reservoir emphasizes composability, enabling protocols to route orders efficiently while maintaining transparency through its open-source codebase hosted on GitHub. Following a period of expansion with significant funding, Reservoir announced the sunset of its NFT-specific services in 2025 to pivot toward broader token trading tools via its Relay Protocol, reflecting evolving priorities in the Web3 ecosystem.
Reservoir's wsrUSD/USDC market on Monad yields approximately 16% APY.
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x.com/reservoir0xwsrUSD/USDC market on Monad yields approximately 16% APY.
TVL dropped by $10-20m+ in the last month, part of broader stablecoin deleveraging across the market.
The project evolved from the NFT aggregator Reservoir into Relay, following a strategy of expanding to multiple chains.
Operations of Reservoir Swap transition to Protofire, one of the DEX's original technical partners, following the broader Reservoir0x sunsetting.
Reservoir0x is sunsetting and Reservoir Swap operations transfer to Protofire, an original technical partner of the DEX.
The $LOL token pool on Reservoir experienced significant trading issues with high slippage and most users unable to trade in the first hour, leading the project team to consider migrating to better trading venues.
Reservoir completes integration with Chainlink standard alongside 61 other projects across 24 different blockchain networks.
Chainlink Data Streams and DataLink integration powers wsrUSD on BNB Chain, Plasma, and Solana. Lista DAO integrates wsrUSD on BNB Chain.
New wsrUSD pool launched on Pendle Finance ETH network.
The wsrUSD/USDC market went live on Featherlend (powered by Morpho Labs) on Sei Network.
Reservoir API product is being sunset, prompting fxhash to migrate to Seaport which will remove existing Ethereum listings, offers, and collection offers that users must replace after the swap completes.
Closing down, with platforms like OpenSea and Mintify migrating to alternatives; confirmed no exposure to Resolv's exploited USR, wstUSR, or RLP tokens despite naming similarity with Reservoir's wsrUSD.