Reservoir - building the next generation stablecoin

Reservoir officially launched today with the mission of building a decentralized, scalable, efficient, and yield-bearing stablecoin.

Reservoir is built on Ethereum and includes four products: the stablecoin rUSD, yielding asset srUSD, term-based yielding asset trUSD, and a permissionless lending market built on Morpho.

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Architecture

Reservoir’s architecture contains several components: the credit enforcer, peg stability mod

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Why didn't they choose Solana chain?

Probably because Morpho doesn’t have an equivalent protocol on Solana. Plus for small teams, dev work is far easier on Eth because of all the existing code base for stables and defi functions.