# \[DEPRECATED\] High Yield USD (hyUSD) **URL:** https://forum.reserve.org/c/deprecated-dtfs/hyusd/34.md [Latest](https://forum.reserve.org/latest.md) · [Categories](https://forum.reserve.org/categories.md) --- ## [Phasing out incentives for hyUSD/eUSD on Aerodrome](https://forum.reserve.org/t/phasing-out-incentives-for-hyusd-eusd-on-aerodrome/1293)
**Author:** [@starl3xx](https://forum.reserve.org/u/starl3xx)\ **Replies:** 0\ **Last updated:** [October 22, 2025, 5:26pm UTC](https://forum.reserve.org/t/phasing-out-incentives-for-hyusd-eusd-on-aerodrome/1293 "2025-10-22T17:26:11Z")
TL;DR Incentives for hyUSD/eUSD (Aerodrome) and dgnETH/ETH+ (Curve) will be phased out over separate timelines hyUSD/eUSD: three-week wind-down starting today dgnETH/ETH+: phased reductions beginning November 13 and con… --- ## [\[REPORT\] hyUSD Quarterly Report Q3 2025](https://forum.reserve.org/t/report-hyusd-quarterly-report-q3-2025/1264)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [October 6, 2025, 3:39am UTC](https://forum.reserve.org/t/report-hyusd-quarterly-report-q3-2025/1264 "2025-10-06T03:39:27Z")
Welcome to the Q3 2025 quarterly report for High Yield USD (hyUSD), designed to provide a comprehensive snapshot of the project’s performance and ecosystem developments. This report dives into key metrics, including gove… --- ## [\[REPORT\] hyUSD Quarterly Report Q2 2025](https://forum.reserve.org/t/report-hyusd-quarterly-report-q2-2025/1207)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [July 6, 2025, 11:23pm UTC](https://forum.reserve.org/t/report-hyusd-quarterly-report-q2-2025/1207 "2025-07-06T23:23:30Z")
Welcome to the Q2 2025 quarterly report for High Yield USD (hyUSD), designed to provide a comprehensive snapshot of the project’s performance and ecosystem developments. This report dives into key metrics, including gove… --- ## [\[REPORT\] hyUSD Quarterly Report Q1 2025](https://forum.reserve.org/t/report-hyusd-quarterly-report-q1-2025/1123)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [April 5, 2025, 1:52am UTC](https://forum.reserve.org/t/report-hyusd-quarterly-report-q1-2025/1123 "2025-04-05T01:52:40Z")
This report provides an overview of relevant metrics surrounding High Yield USD(hyUSD) on Base in Q1 2025. Taking a look at the governance performance both on the forums and onchain, TVL and other important DeFi metrics,… --- ## [\[IP\] hyUSD Backing Buffer Change to 0.15%](https://forum.reserve.org/t/ip-hyusd-backing-buffer-change-to-0-15/1110)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [March 30, 2025, 3:13pm UTC](https://forum.reserve.org/t/ip-hyusd-backing-buffer-change-to-0-15/1110 "2025-03-30T15:13:34Z")
Summary Change the backing buffer from 0.1% to 0.15%. Current backing buffer: 0.1% Proposed backing buffer: 0.15% Abstract Currently the backing buffer is set to 0.1%. If enacted this proposal would change the backi… --- ## [\[REPORT\] hyUSD on Base Quarterly Report Q4 2024](https://forum.reserve.org/t/report-hyusd-on-base-quarterly-report-q4-2024/1054)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 3\ **Last updated:** [January 29, 2025, 7:48am UTC](https://forum.reserve.org/t/report-hyusd-on-base-quarterly-report-q4-2024/1054 "2025-01-29T07:48:08Z")
This report provides an overview of relevant metrics surrounding High Yield USD (hyUSD) on Base in Q4 of 2024. Taking a look at the governance performance both on the forums and onchain, TVL and other important DeFi metr… --- ## [\[IP\] hyUSD Collateral Basket Change Proposal #3 Base](https://forum.reserve.org/t/ip-hyusd-collateral-basket-change-proposal-3-base/1000)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [November 15, 2024, 3:54am UTC](https://forum.reserve.org/t/ip-hyusd-collateral-basket-change-proposal-3-base/1000 "2024-11-15T03:54:28Z")
Summary This proposal suggests diversifying the collateral basket in order to improve the yield profile of High Yield USD on Base. Current Basket: 50% Compound USDC - 6% APY 50% Aave USDC - 6% APY New Basket: 25% Co… --- ## [\[IP\] hyUSD Mainnet Emergency Collateral Updates](https://forum.reserve.org/t/ip-hyusd-mainnet-emergency-collateral-updates/917)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [September 9, 2024, 1:58am UTC](https://forum.reserve.org/t/ip-hyusd-mainnet-emergency-collateral-updates/917 "2024-09-09T01:58:52Z")
Summary This proposal removes USDP from the emergency collateral, and adds pyUSD into the emergency collateral. Current Emergency Collateral Backing: USDC USDT USDP DAI Proposed Emergency Collateral Backing: USDC … --- ## [\[IP\] hyUSD Mainnet Emergency Collateral Backing Diversity Factor Change](https://forum.reserve.org/t/ip-hyusd-mainnet-emergency-collateral-backing-diversity-factor-change/913)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [September 5, 2024, 1:48am UTC](https://forum.reserve.org/t/ip-hyusd-mainnet-emergency-collateral-backing-diversity-factor-change/913 "2024-09-05T01:48:57Z")
Summary This proposal changes the Diversity Factor in the Emergency Collateral Backing for hyUSD on Mainnet. Current Diversity Factor: 2000000000000000000 Proposed Diversity Factor: 2 Abstract The proposed proposa… --- ## [\[IP\] hyUSD Base Emergency Collateral Backing Diversity Factor Change](https://forum.reserve.org/t/ip-hyusd-base-emergency-collateral-backing-diversity-factor-change/914)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [September 5, 2024, 1:52am UTC](https://forum.reserve.org/t/ip-hyusd-base-emergency-collateral-backing-diversity-factor-change/914 "2024-09-05T01:52:42Z")
Summary This proposal changes the Diversity Factor in the Emergency Collateral Backing for hyUSD on Base. Current Diversity Factor: 2000000000000000000 Proposed Diversity Factor: 1 Abstract The proposed proposal, … --- ## [\[IP\] hyUSD Mainnet Reward Ratio Change From 2 Weeks to 1 Week](https://forum.reserve.org/t/ip-hyusd-mainnet-reward-ratio-change-from-2-weeks-to-1-week/862)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [July 26, 2024, 8:00pm UTC](https://forum.reserve.org/t/ip-hyusd-mainnet-reward-ratio-change-from-2-weeks-to-1-week/862 "2024-07-26T20:00:01Z")
Summary Change the reward ratio from 2 weeks to 1 week. Current Reward Ratio: 2 weeks or 0.000000534833333333 New Reward Ratio: 1 week or 0.000001069666666666 Abstract Currently the reward ratio is set to 2 weeks.… --- ## [\[IP\] hyUSD Mainnet Backing Buffer Change](https://forum.reserve.org/t/ip-hyusd-mainnet-backing-buffer-change/863)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [July 26, 2024, 8:15pm UTC](https://forum.reserve.org/t/ip-hyusd-mainnet-backing-buffer-change/863 "2024-07-26T20:15:29Z")
Summary Change the backing buffer from 0.2% to 0.1%. Current backing buffer: 0.2% Proposed backing buffer: 0.1% Abstract Currently the backing buffer is set to 0.2%. This proposal, if enacted, would change the bac… --- ## [\[IP\] Collateral Basket Discussion: hyUSD Mainnet](https://forum.reserve.org/t/ip-collateral-basket-discussion-hyusd-mainnet/809)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 3\ **Last updated:** [July 15, 2024, 4:39pm UTC](https://forum.reserve.org/t/ip-collateral-basket-discussion-hyusd-mainnet/809 "2024-07-15T16:39:55Z")
Summary Remove an asset(eUSD+FRAXBP Convex Pool) that will no longer accrue yield and start a discussion for what asset could potentially be a good replacement. Current Basket: 33% Convex/Curve eUSD+FRAXBP pool soon t… --- ## [\[IP\] hyUSD Mainnet 3.4.0 Upgrade](https://forum.reserve.org/t/ip-hyusd-mainnet-3-4-0-upgrade/748)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [June 9, 2024, 5:03pm UTC](https://forum.reserve.org/t/ip-hyusd-mainnet-3-4-0-upgrade/748 "2024-06-09T17:03:55Z")
Summary Upgrade all hyUSD core contracts and assets from version 3.0.1 to version 3.4.0 and upgrade to a new Governance and TimelockController instances via a spell contract. Abstract Currently hyUSD is using version … --- ## [\[IP\] hyUSD Base 3.4.0 Upgrade](https://forum.reserve.org/t/ip-hyusd-base-3-4-0-upgrade/736)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [June 4, 2024, 2:52am UTC](https://forum.reserve.org/t/ip-hyusd-base-3-4-0-upgrade/736 "2024-06-04T02:52:37Z")
Summary Upgrade all hyUSD core contracts and assets from version 3.0.1 to version 3.4.0 and upgrade to a new Governance and TimelockController instances via a spell contract. Abstract Currently hyUSD on Base is using … --- ## [\[IP\] hyUSD Base Reward Ratio Change](https://forum.reserve.org/t/ip-hyusd-base-reward-ratio-change/709)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 3\ **Last updated:** [May 10, 2024, 8:50am UTC](https://forum.reserve.org/t/ip-hyusd-base-reward-ratio-change/709 "2024-05-10T08:50:45Z")
Summary Change the Reward ratio from 2.5 days to 1 week Current Reward Ratio: 2.5 days or 0.0000064180294 New Reward Ratio: 1 week or 0.000002292153375 Abstract Currently the reward ratio is set to 2.5 days. This prop… --- ## [\[IP\] DutchTrade Plugin Update](https://forum.reserve.org/t/ip-dutchtrade-plugin-update/589)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 2\ **Last updated:** [April 10, 2024, 3:16pm UTC](https://forum.reserve.org/t/ip-dutchtrade-plugin-update/589 "2024-04-10T15:16:39Z")
Summary This proposal upgrades the DutchTrade contract address to version 3.2.0 Abstract The proposed proposal, if enacted, would upgrade the DutchTrade contract address to version 3.2.0. In order for RTokens to reali… --- ## [\[IP\] Collateral Basket Change Proposal #2 Mainnet](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-2-mainnet/568)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 12\ **Last updated:** [April 10, 2024, 11:16am UTC](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-2-mainnet/568 "2024-04-10T11:16:50Z")
Summary Remove low liquidity, and low yield assets from the hyUSD basket and replace them with scalable, higher yield and liquid assets. Current Basket: 13.5% fUSDC - Flux USDC. 36.5% Convex/Curve eUSD+FRAXBP pool. … --- ## [\[IP\] Unregister Unused Assets-Clean up Mainnet](https://forum.reserve.org/t/ip-unregister-unused-assets-clean-up-mainnet/605)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [April 10, 2024, 3:27pm UTC](https://forum.reserve.org/t/ip-unregister-unused-assets-clean-up-mainnet/605 "2024-04-10T15:27:03Z")
Summary This proposal unregisters old contracts no longer used in High Yield USD (Mainnet), and registers a new asset being introduced into the hyUSD basket. Abstract The proposed proposal, if enacted, would unregiste… --- ## [\[IP\] Issuance and Redemption Throttle Increase Mainnet and Base](https://forum.reserve.org/t/ip-issuance-and-redemption-throttle-increase-mainnet-and-base/604)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [April 10, 2024, 2:40pm UTC](https://forum.reserve.org/t/ip-issuance-and-redemption-throttle-increase-mainnet-and-base/604 "2024-04-10T14:40:07Z")
Summary This proposal Increases redemption and issuance throttle for High Yield USD on Mainnet and Base. Abstract The proposed proposal, if enacted, would increase the throttle to $2M and 10% issuance and to $2.5M and… --- ## [\[IP\] hyUSD Treasury Distribution Allocation Adjustment for Base](https://forum.reserve.org/t/ip-hyusd-treasury-distribution-allocation-adjustment-for-base/577)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 2\ **Last updated:** [April 10, 2024, 12:57pm UTC](https://forum.reserve.org/t/ip-hyusd-treasury-distribution-allocation-adjustment-for-base/577 "2024-04-10T12:57:18Z")
Summary Change Revenue Distribution Allocation to Receive RSR Current 3% Distribution: 100% hyUSD. 0% RSR New 3% Distribution: 20% hyUSD. 80% RSR Abstract hyUSD Treasury: Currently the hyUSD Treasury receives 3… --- ## [\[IP\] Collateral Basket Change Proposal #2 Base](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-2-base/612)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 4\ **Last updated:** [April 10, 2024, 12:54pm UTC](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-2-base/612 "2024-04-10T12:54:00Z")
Summary This proposal suggests continuing to remove bridged USDC(USDbC) from the collateral basket by swapping Compound USDbC for Compound USDC, due to USDbC eventually becoming a deprecated asset across base. This prop… --- ## [\[IP\] Collateral Basket Change Proposal #1 Base](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-1-base/576)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [April 10, 2024, 12:46pm UTC](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-1-base/576 "2024-04-10T12:46:50Z")
Summary This proposal suggests starting to remove bridged USDC from the collateral basket, due to USDbC eventually becoming a deprecated asset across base. Current Basket: 50% Compound USDbC. 50% Stargate USDbC New … --- ## [\[IP\] Unregister Unused Assets-Clean up Base](https://forum.reserve.org/t/ip-unregister-unused-assets-clean-up-base/630)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [April 10, 2024, 11:23am UTC](https://forum.reserve.org/t/ip-unregister-unused-assets-clean-up-base/630 "2024-04-10T11:23:45Z")
Summary This proposal unregisters old contracts no longer used in High Yield USD (Base). Abstract The proposed proposal, if enacted, would unregister old contract addresses that are no longer being used. Assets to be… --- ## [Upgrade Compound v3 USDC Asset on Base](https://forum.reserve.org/t/upgrade-compound-v3-usdc-asset-on-base/540)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [December 4, 2023, 9:54pm UTC](https://forum.reserve.org/t/upgrade-compound-v3-usdc-asset-on-base/540 "2023-12-04T21:54:03Z")
Summary Upgrade Compound v3 USDC Asset in the collateral basket for hyUSD on Base. An on-chain proposal has been created, and will go live for voting in 2 days: Reserve app | DTFs Abstract A small bug in the current w… --- ## [\[RFC\] - Introducing hyUSD](https://forum.reserve.org/t/rfc-introducing-hyusd/404)
**Author:** [@Tom\_hyUSD](https://forum.reserve.org/u/Tom_hyUSD)\ **Replies:** 31\ **Last updated:** [August 28, 2023, 4:39pm UTC](https://forum.reserve.org/t/rfc-introducing-hyusd/404 "2023-08-28T16:39:48Z")
Introduction Introducing hyUSD, a yield-bearing RToken aimed to create a fair financial system for all. Hodl Stable money and earn passive income, powered by DeFi High yield USD (hyUSD), is a decentralized flatcoin i… --- ## [Collateral Basket Change Proposal #1](https://forum.reserve.org/t/collateral-basket-change-proposal-1/485)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 3\ **Last updated:** [August 27, 2023, 4:58pm UTC](https://forum.reserve.org/t/collateral-basket-change-proposal-1/485 "2023-08-27T16:58:12Z")
Summary Remove 36.5% MIM+3Crv Pool on Convex and 13.5% Flux DAI from the collateral basket and replace it with 25% Morpho Aave V2 USDT pool and 25% sDAI - DAI Savings Rate respectively for the hyUSD Rtoken. Current Bas… --- ## [Collateral Basket Change Proposal](https://forum.reserve.org/t/collateral-basket-change-proposal/458)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 4\ **Last updated:** [July 27, 2023, 2:35am UTC](https://forum.reserve.org/t/collateral-basket-change-proposal/458 "2023-07-27T02:35:15Z")
Summary Remove the MIM+3Crv Pool on Convex from the collateral basket and replace it with the ​Balancer boosted Aave V3 composable stable pool on Aura for the hyUSD Rtoken. Abstract Aura Finance is a protocol built on…