rsERG

rsERG is a wrapped version of ERG that enables it to be used across different blockchain networks, such as Cardano and Ethereum, via the Rosen Bridge ($RSN). This allows ERG holders to access decentralized finance (DeFi) applications on other platforms, leveraging opportunities like trading, lending, and liquidity provision. rsERG can also be unwrapped back into native ERG, returning to the Ergo blockchain for use within its ecosystem of decentralized applications and smart contracts, all while ensuring secure and seamless cross-chain transfers with transactions recorded on Ergo. The Ergo project was initiated in 2019 with the launch of its mainnet during the "crypto winter" and has since grown into a robust blockchain ecosystem. The project's early focus was on building a decentralized financial system using innovative tools like the eUTXO model, Autolykos PoW, and complex smart contracts. Over the years, Ergo has introduced significant milestones such as the creation of SigmaUSD stablecoin, Spectrum DEX, and various DeFi applications, with continuous efforts aimed at scalability, community governance, and expanding its decentralized infrastructure.