# ETHPLUS (ETH+) **URL:** https://forum.reserve.org/c/eth-plus/31.md [Latest](https://forum.reserve.org/latest.md) · [Categories](https://forum.reserve.org/categories.md) --- ## [\[IP\] Removal of ETHx from the collateral basket](https://forum.reserve.org/t/ip-removal-of-ethx-from-the-collateral-basket/1623)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 4\ **Last updated:** [September 10, 2026, 1:23am UTC](https://forum.reserve.org/t/ip-removal-of-ethx-from-the-collateral-basket/1623 "2026-09-10T01:23:02Z")
Summary This RFC proposes the removal ETHx from the collateral basket, reallocating its 5% weighting to frxETH, resulting in a basket comprised of 50% stETH, 25% weETH and 25% frxETH. ETHx liquidity has deteriorated… --- ## [\[IP\] ETHplus Rebalance Proposal Q2 2026](https://forum.reserve.org/t/ip-ethplus-rebalance-proposal-q2-2026/1531)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 16\ **Last updated:** [July 15, 2026, 3:33pm UTC](https://forum.reserve.org/t/ip-ethplus-rebalance-proposal-q2-2026/1531 "2026-07-15T15:33:52Z")
Summary The April 2026 ETHplus Liquidity Analysis highlighted a growing misalignment between the current collateral basket and the ETHplus mandate. Most notably, ETHx has become the primary bottleneck to redemption liqui… --- ## [\[REPORT\] ETHplus Liquidity Analysis - July 2026](https://forum.reserve.org/t/report-ethplus-liquidity-analysis-july-2026/1581)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 2\ **Last updated:** [July 15, 2026, 3:00pm UTC](https://forum.reserve.org/t/report-ethplus-liquidity-analysis-july-2026/1581 "2026-07-15T15:00:47Z")
This report aims to be a comprehensive analysis of ETHplus liquidity and the liquidity of its constituent collaterals. The purpose of this report is to inform and educate the wider Reserve community, key stakeholders and… --- ## [\[Report\] Rocket Pool Staked ETH (rETH) Status Update](https://forum.reserve.org/t/report-rocket-pool-staked-eth-reth-status-update/1525)
**Author:** [@signal](https://forum.reserve.org/u/signal)\ **Replies:** 3\ **Last updated:** [May 14, 2026, 8:00am UTC](https://forum.reserve.org/t/report-rocket-pool-staked-eth-reth-status-update/1525 "2026-05-14T08:00:41Z")
This proposal serves as a response to several key questions regarding rETH. rETH Liquidity Concerns Historically, rETH’s primary liquidity was concentrated on Balancer. However, a hack last year significantly impacted t… --- ## [\[RFC\] Collateral Basket Change Proposal: Adding Wrapped OETH (wOETH) to the ETH+ Collateral Basket](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adding-wrapped-oeth-woeth-to-the-eth-collateral-basket/932)
**Author:** [@pete](https://forum.reserve.org/u/pete)\ **Replies:** 23\ **Last updated:** [May 9, 2026, 5:50am UTC](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adding-wrapped-oeth-woeth-to-the-eth-collateral-basket/932 "2026-05-09T05:50:45Z")
\[RFC\] Collateral Basket Change Proposal: Adding Wrapped OETH (wOETH) to the ETH+ Collateral Basket Summary This proposal recommends integrating Wrapped OETH (wOETH) into the ETH+ collateral basket to increase yield gener… --- ## [\[REPORT\] ETHplus Quarterly Report Q1 2026](https://forum.reserve.org/t/report-ethplus-quarterly-report-q1-2026/1518)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 2\ **Last updated:** [May 4, 2026, 12:20pm UTC](https://forum.reserve.org/t/report-ethplus-quarterly-report-q1-2026/1518 "2026-05-04T12:20:04Z")
ETHplus provides diversified exposure to the Ethereum liquid staking and restaking ecosystems through a single index asset. The purpose of this report is to inform and educate the wider Reserve community on ETHplus acti… --- ## [\[REPORT\] ETHplus Liquidity Analysis - April 2026](https://forum.reserve.org/t/report-ethplus-liquidity-analysis-april-2026/1526)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 3\ **Last updated:** [May 4, 2026, 11:06am UTC](https://forum.reserve.org/t/report-ethplus-liquidity-analysis-april-2026/1526 "2026-05-04T11:06:30Z")
This report aims to be a comprehensive analysis of ETHplus liquidity and the liquidity of its constituent collaterals. The purpose of this report is to inform and educate the wider Reserve community, key stakeholders and… --- ## [\[REPORT\] ETHplus Quarterly Report Q4 2025](https://forum.reserve.org/t/report-ethplus-quarterly-report-q4-2025/1422)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 3\ **Last updated:** [April 15, 2026, 1:29am UTC](https://forum.reserve.org/t/report-ethplus-quarterly-report-q4-2025/1422 "2026-04-15T01:29:45Z")
This report aims to provide a comprehensive update of all ETHplus related activities over the last quarter, including both on-chain and off-chain data. The purpose of this report is to inform and educate the wider Reserv… --- ## [\[IP\] ETHplus Upgrade to Release 4.2.0 and Removal of Legacy Onchain State](https://forum.reserve.org/t/ip-ethplus-upgrade-to-release-4-2-0-and-removal-of-legacy-onchain-state/1452)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 3\ **Last updated:** [April 15, 2026, 1:15am UTC](https://forum.reserve.org/t/ip-ethplus-upgrade-to-release-4-2-0-and-removal-of-legacy-onchain-state/1452 "2026-04-15T01:15:02Z")
Summary This proposal recommends upgrading ETHplus to Reserve Protocol v4.2.0 to align it with the latest supported smart contract release. The upgrade consists of a single onchain spell that upgrades core contract imple… --- ## [\[IP\] ETHplus Mandate and DTF Methodology Update](https://forum.reserve.org/t/ip-ethplus-mandate-and-dtf-methodology-update/1383)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 7\ **Last updated:** [March 30, 2026, 8:35am UTC](https://forum.reserve.org/t/ip-ethplus-mandate-and-dtf-methodology-update/1383 "2026-03-30T08:35:54Z")
This post aims to advance two closely linked ETHplus workstreams: Updating the ETHplus mandate, improving scalability by expanding the range of assets eligible for inclusion in the collateral basket; and Codifying … --- ## [\[IP\] ETH+ revenue share adjustment](https://forum.reserve.org/t/ip-eth-revenue-share-adjustment/1450)
**Author:** [@starl3xx](https://forum.reserve.org/u/starl3xx)\ **Replies:** 7\ **Last updated:** [February 23, 2026, 6:11pm UTC](https://forum.reserve.org/t/ip-eth-revenue-share-adjustment/1450 "2026-02-23T18:11:41Z")
Summary This proposal aims to adjust the ETH+ revenue distribution methodology to better align with the current risk profile of the product and the long-term health of the Reserve ecosystem. The ETH+ revenue share is cur… --- ## [\[IP\] ETHplus Rebalance Proposal Q1 2026](https://forum.reserve.org/t/ip-ethplus-rebalance-proposal-q1-2026/1407)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 7\ **Last updated:** [February 19, 2026, 11:23am UTC](https://forum.reserve.org/t/ip-ethplus-rebalance-proposal-q1-2026/1407 "2026-02-19T11:23:24Z")
Summary This proposal seeks to rebalance the ETHplus collateral basket to meet compliance with the liquidity standards as defined in the proposed ETHplus DTF methodology. The December 2025 liquidity analysis identified a… --- ## [\[REPORT\] ETHplus Liquidity Analysis - December 2025](https://forum.reserve.org/t/report-ethplus-liquidity-analysis-december-2025/1384)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 2\ **Last updated:** [December 29, 2025, 9:33am UTC](https://forum.reserve.org/t/report-ethplus-liquidity-analysis-december-2025/1384 "2025-12-29T09:33:11Z")
Summary Redemption liquidity across major LSTs has deteriorated this quarter, seen in the collateral basket with rETH and frxETH showing sustained weakness for a second consecutive quarter The collateral basket remains … --- ## [\[RFC\] Modelling how ETHplus would react to a deep and sustained stETH depeg and what actions we can take via governance to mitigate loss](https://forum.reserve.org/t/rfc-modelling-how-ethplus-would-react-to-a-deep-and-sustained-steth-depeg-and-what-actions-we-can-take-via-governance-to-mitigate-loss/1238)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 14\ **Last updated:** [December 2, 2025, 11:13am UTC](https://forum.reserve.org/t/rfc-modelling-how-ethplus-would-react-to-a-deep-and-sustained-steth-depeg-and-what-actions-we-can-take-via-governance-to-mitigate-loss/1238 "2025-12-02T11:13:47Z")
Modelling how ETHplus would react to a deep and sustained stETH depeg and what actions we can take via governance to mitigate loss Summary ETHplus currently holds 50% (~$180m) of its collateral basket in stETH as it is c… --- ## [Phasing out incentives for ETH+/dgnETH on Curve](https://forum.reserve.org/t/phasing-out-incentives-for-eth-dgneth-on-curve/1291)
**Author:** [@starl3xx](https://forum.reserve.org/u/starl3xx)\ **Replies:** 0\ **Last updated:** [October 22, 2025, 5:24pm UTC](https://forum.reserve.org/t/phasing-out-incentives-for-eth-dgneth-on-curve/1291 "2025-10-22T17:24:04Z")
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… --- ## [\[REPORT\] ETHplus Quarterly Report Q3 2025](https://forum.reserve.org/t/report-ethplus-quarterly-report-q3-2025/1266)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 0\ **Last updated:** [October 15, 2025, 3:10pm UTC](https://forum.reserve.org/t/report-ethplus-quarterly-report-q3-2025/1266 "2025-10-15T15:10:58Z")
This report aims to provide a comprehensive update of all ETHplus related activities over the last quarter, including both on-chain and off-chain data. The purpose of this report is to inform and educate the wider Reserv… --- ## [\[RFC\] Collateral Basket Change proposal #12 - Addition of weETH](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-12-addition-of-weeth/1260)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 1\ **Last updated:** [October 9, 2025, 2:05am UTC](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-12-addition-of-weeth/1260 "2025-10-09T02:05:06Z")
Summary This proposal recommends changing the ETHplus mandate to include LRTs and adding weETH, the liquid restaking token from Ether.fi, to the ETHplus collateral basket. weETH currently commands ~87% of the total liqui… --- ## [\[REPORT\] ETH+ Liquidity Analysis Q4 2025](https://forum.reserve.org/t/report-eth-liquidity-analysis-q4-2025/1247)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 6\ **Last updated:** [September 30, 2025, 3:41pm UTC](https://forum.reserve.org/t/report-eth-liquidity-analysis-q4-2025/1247 "2025-09-30T15:41:38Z")
This report aims to be a comprehensive analysis of both ETHplus minting and redemption curves but also its on-chain liquidity and the liquidity of its constituent collateral assets. The purpose of this report is to infor… --- ## [\[REPORT\] ETH+ Quarterly Report Q1 2025](https://forum.reserve.org/t/report-eth-quarterly-report-q1-2025/1144)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 0\ **Last updated:** [April 28, 2025, 8:19pm UTC](https://forum.reserve.org/t/report-eth-quarterly-report-q1-2025/1144 "2025-04-28T20:19:38Z")
This report aims to provide a comprehensive update of all ETHplus related activities over the last quarter, including both on-chain and off-chain data. The purpose of this report is to inform and educate the wider Reserv… --- ## [\[REPORT\] ETH+ Quarterly Report Q2 2025](https://forum.reserve.org/t/report-eth-quarterly-report-q2-2025/1201)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 2\ **Last updated:** [July 4, 2025, 9:23am UTC](https://forum.reserve.org/t/report-eth-quarterly-report-q2-2025/1201 "2025-07-04T09:23:28Z")
ETHplus Quarterly Report Q2 2025 This report aims to provide a comprehensive update of all ETHplus related activities over the last quarter, including both on-chain and off-chain data. The purpose of this report is to in… --- ## [\[IP\] Collateral basket change proposal to address liquidity bottlenecks](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-to-address-liquidity-bottlenecks/1175)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 12\ **Last updated:** [June 23, 2025, 9:06pm UTC](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-to-address-liquidity-bottlenecks/1175 "2025-06-23T21:06:56Z")
Summary Background: ETHplus has seen rapid TVL growth and increasing institutional participation, necessitating a review of the collateral basket to support larger minting and redemption flows with minimal slippage. Pro… --- ## [\[REPORT\] ETH+ Quarterly Report Q4 2024](https://forum.reserve.org/t/report-eth-quarterly-report-q4-2024/1063)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 1\ **Last updated:** [January 21, 2025, 5:42pm UTC](https://forum.reserve.org/t/report-eth-quarterly-report-q4-2024/1063 "2025-01-21T17:42:42Z")
This report aims to provide a comprehensive update of all ETH+ related activities over the last quarter, including both on-chain and off-chain data. The purpose of this report is to inform and educate the wider Reserve c… --- ## [\[IP\] - Collateral basket change to address liquidity bottlenecks and slowly introduce ETHx - Step 2](https://forum.reserve.org/t/ip-collateral-basket-change-to-address-liquidity-bottlenecks-and-slowly-introduce-ethx-step-2/962)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 0\ **Last updated:** [October 17, 2024, 6:30pm UTC](https://forum.reserve.org/t/ip-collateral-basket-change-to-address-liquidity-bottlenecks-and-slowly-introduce-ethx-step-2/962 "2024-10-17T18:30:04Z")
Summary This proposal seeks to complete the slow introduction of Stader’s ETHx to the Ethereum Plus, ETH+ collateral basket, now that the safety criteria set in Step 1 have been met. The approval of this proposal will f… --- ## [\[RFC\] Collateral Basket Change Proposal: Adding Staked pxETH (apxETH) to the ETH+ Collateral Basket v2](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adding-staked-pxeth-apxeth-to-the-eth-collateral-basket-v2/975)
**Author:** [@funky](https://forum.reserve.org/u/funky)\ **Replies:** 5\ **Last updated:** [November 7, 2024, 10:24am UTC](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adding-staked-pxeth-apxeth-to-the-eth-collateral-basket-v2/975 "2024-11-07T10:24:26Z")
Summary This proposal recommends integrating staked pxETH (apxETH) into the ETH+ collateral basket to increase yield generation and enhance the diversification of the index LST following the mandate to add value to ETH+ … --- ## [\[IP\] - Collateral basket change to address liquidity bottlenecks and slowly introduce ETHx](https://forum.reserve.org/t/ip-collateral-basket-change-to-address-liquidity-bottlenecks-and-slowly-introduce-ethx/925)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 2\ **Last updated:** [September 18, 2024, 8:10am UTC](https://forum.reserve.org/t/ip-collateral-basket-change-to-address-liquidity-bottlenecks-and-slowly-introduce-ethx/925 "2024-09-18T08:10:22Z")
Summary On the 22nd of August a collateral basket change was proposed in the Ethereum Plus, ETH+ forum. The proposal advocated for the addition of Stader’s ETHx to the basket in order to improve risk diversification, al… --- ## [\[RFC\] Addition of Stader's ETHx into the ETH+ LST Basket](https://forum.reserve.org/t/rfc-addition-of-staders-ethx-into-the-eth-lst-basket/897)
**Author:** [@knight\_mayr](https://forum.reserve.org/u/knight_mayr)\ **Replies:** 23\ **Last updated:** [September 13, 2024, 11:56am UTC](https://forum.reserve.org/t/rfc-addition-of-staders-ethx-into-the-eth-lst-basket/897 "2024-09-13T11:56:01Z")
Summary This RFC advocates for integrating ETHx, Stader’s ETH Liquid staking token, into the ETH+ collateral basket to enhance diversification and value for ETH+ holders. Abstract ETHx is an innovative liquid staking to… --- ## [\[RFC\] Adjusting the ETH+ Collateral Basket To Adjust Liquidity Constraints To Protect ETH+ Holders From Slippages](https://forum.reserve.org/t/rfc-adjusting-the-eth-collateral-basket-to-adjust-liquidity-constraints-to-protect-eth-holders-from-slippages/885)
**Author:** [@0xSleepy](https://forum.reserve.org/u/0xSleepy)\ **Replies:** 15\ **Last updated:** [August 31, 2024, 6:42am UTC](https://forum.reserve.org/t/rfc-adjusting-the-eth-collateral-basket-to-adjust-liquidity-constraints-to-protect-eth-holders-from-slippages/885 "2024-08-31T06:42:30Z")
Summary To change the collateral basket of ETH Plus (ETH+) into a more liquid structure allowing for easier redemptions, issuance, and adjustments on its collateral basket as it continues to scale. Current ETH+ Collater… --- ## [\[RFC\] Collateral Basket Change Proposal: Adjusting ETH+ Collateral Basket To Address Liquidity Constraints](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adjusting-eth-collateral-basket-to-address-liquidity-constraints/841)
**Author:** [@0xSleepy](https://forum.reserve.org/u/0xSleepy)\ **Replies:** 22\ **Last updated:** [August 8, 2024, 4:59pm UTC](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-adjusting-eth-collateral-basket-to-address-liquidity-constraints/841 "2024-08-08T16:59:16Z")
Summary ETH Plus (ETH+) has seen significant growth in the past year, with market growing from $15 million to $116 million since March 1st. As ETH+ grows, rETH is experiencing liquidity constraints, making it difficult f… --- ## [\[RFC\] Adjusting the ETHPLUS (ETH+) Reward Ratio from 2 weeks to 1 week](https://forum.reserve.org/t/rfc-adjusting-the-ethplus-eth-reward-ratio-from-2-weeks-to-1-week/876)
**Author:** [@omega](https://forum.reserve.org/u/omega)\ **Replies:** 1\ **Last updated:** [August 7, 2024, 1:40pm UTC](https://forum.reserve.org/t/rfc-adjusting-the-ethplus-eth-reward-ratio-from-2-weeks-to-1-week/876 "2024-08-07T13:40:56Z")
Summary Change the ETH Plus (ETH+) Reward Ratio from 2 weeks to 1 week. From 2 Weeks: 0.000000534833333333 To 1 Week: 0.000001069666666666 Abstract This RFC proposes changing the ETH+ reward distribution period from 2… --- ## [\[RFC\] Reduce ETH+ backingBuffer from 0.25% to 0.05%](https://forum.reserve.org/t/rfc-reduce-eth-backingbuffer-from-0-25-to-0-05/813)
**Author:** [@0xSleepy](https://forum.reserve.org/u/0xSleepy)\ **Replies:** 10\ **Last updated:** [July 29, 2024, 5:05pm UTC](https://forum.reserve.org/t/rfc-reduce-eth-backingbuffer-from-0-25-to-0-05/813 "2024-07-29T17:05:24Z")
Summary The current ETH+ backingBuffer is set at 0.25%, significantly higher than the suggested default value of 0.1%. This proposal suggests reducing the backingBuffer to 0.05% to align more closely with market conditio… [Next page](https://forum.reserve.org/c/eth-plus/31.md?page=1)