Reserve AI Power DTFPOWER
POWER, issued by ABC Labs, LLC, is a tokenized index of ERC-20 tokens that wraps a curated, governance-managed basket into a single fungible asset, redeemable at net asset value, which ABC Labs disclaims is a regulated financial product. The token entitles the holder to the underlying basket constituents, redeemable onchain at real-time net asset value with no authorized participants. The basket is rebalanced periodically through Dutch auctions, with solvers and arbitrageurs aligning market price to net asset value. Holders bear a continuous total-value-locked fee below 5% annually and a mint fee below 1%, both charged in the token; a default 33% platform fee on those streams market-buys and burns RSR. The protocol is developed by ABC Labs, LLC, which operates the reserve.org interfaces under Delaware governing law with disputes seated in Reno, Nevada. ABC Labs states it is not a bank, broker-dealer, investment adviser, commodity trading adviser, or other regulated financial intermediary, and is not registered with the U.S. Securities and Exchange Commission or the Commodity Futures Trading Commission. The token is not issued by a single corporate entity but minted permissionlessly by smart contracts; ABC Labs takes no custody and is not a party to onchain transactions. Access is prohibited for sanctioned persons and users in jurisdictions including Cuba, Iran, and North Korea. The token is an ERC-20 asset composed of underlying ERC-20 tokens. Minting and redeeming are atomic operations settled in a single transaction, executed directly against the basket without intermediaries. Basket composition, fees, and rebalancing parameters are set through onchain governance using a default 48-hour timelock, with RSR as the default vote-locking token and a guardian able to veto proposals.