Reservoir Protocol's total value locked (TVL) has reached a new all-time high of $330 million. This milestone comes just 13 months after the protocol's launch, underscoring its growing traction in the decentralized finance (DeFi) space.

The protocol aims to offer the highest-yielding stablecoin, rUSD, across multiple blockchain networks. To that end, Reservoir has rolled out a new one-click minting feature for its rUSD and wrapped srUSD (wsrUSD) stablecoins directly within its app. This enhancement, powered by partnerships with OneStable and the interoperability protocol LayerZero, simplifies the process of accessing its yield-bearing assets on different chains.

Reservoir states its srUSD has been the highest-yielding stablecoin in the crypto ecosystem over the past year. The recent developments signal a focused effort to improve user experience and expand its cross-chain presence, positioning Reservoir as a notable competitor in the expanding market for high-yield stablecoin solutions.