Alexey Uritsky

Born in Barcelona, Lexlay has been showing the world his own way of understanding music for more than a decade. After years of work and driven by his resourceful character he's been placed in a respectable position in the national electronic music scene.

Lexlay is a synonym for joy, energy, freshness and passion; entertainment and fun are guaranteed on his sets. Versatile like a chameleon, he manages his musical discourse and adapts it to what each club crowd demands carrying with it a collective outburst of emotions. Elegance and pace characterize his musical style, being able to toggle from the sensitivity of "house music" to a more "groovy techno". Venues and prestigious clubs which require his services increase every day, proof of it are his performances in places such as: Space, Pacha, Privilege (Ibiza), Fabrik (Madrid), Elrow, Florida135; shared poster with the likes of Carl Cox, Richie Hawtin, Luciano, Marco Carola, Loco Dice, among others. This 2016 has been acting in more than 50 cities around the world.

He is currently a responsible and founder member of the recognized brand Happy Techno, which along with his crew, has conquered the audience of Barcelona by hosting the Saturday night event in one of the most emblematic clubs in town, City Hall.

Also immersed into perfecting his works when we get to talk about music production, as well as focused on the achievement of making his record label "HappyTechno Music" grow. He has released tracks on several, national and international labels, highlighting the work done for Snatch Records, Material Series & Stereo Productions

Introduction to the Reserve protocol

We've deployed a basic stablecoin on Ethereum, RSV, which wraps existing fiat-backed USD tokens. Right now it's backed by 1/3 USDC, 1/3 TUSD, and 1/3 PAX. This simple stablecoin exists as a hedge in case any of its underlying collateral assets gets shut down or has troubles, as they can be swapped out for other stablecoins. The core team currently controls the RSV contracts with a multipass.

We've also deployed a governance token, RSR, which currently has no functionality, but will perform crucial functions in the future.

In 2018, we released a planned protocol design, but didn't implement it in full. Instead, we released the simple stablecoin referenced above, and then proceeded to spend all our time building a consumer platform for actually using stablecoins as normal money – the Reserve app.

Now that the app is picking up momentum, we've returned to protocol design and development.

We're not building and releasing the protocol exactly as described in our original white paper, because we've had several new ideas since then, and the Ethereum dev community has produced several defi primitives (e.g. AMMs and lending markets) which allow us to go further than we'd planned.

Purpose of the protocol

The eventual goal is to offer an alternative to fiat money. Basically, what cryptocurrency was originally conceived to do, albeit through different means than bitcoin.

The idea is that by aggregating together baskets of tokenized assets, we can create currencies that are stable in purchasing power without being dependent on state-issued currencies. We do not have any specific basket picked out, but we imagine the right baskets will include commodities, debt, and perhaps equities. Regulations may get in the way of what can be included, which is an unsolved problem in our plans for now. The protocol will need to facilitate evolution in the baskets over time, since the right basket today likely is not the right one next year.

If this works as conceived, the outcome will be a decentralized currency with stable purchasing power that cannot easily be debased.

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