# Web 3 Dollar (USD3) **URL:** https://forum.reserve.org/c/usd3/47.md [Latest](https://forum.reserve.org/latest.md) · [Categories](https://forum.reserve.org/categories.md) --- ## [\[REPORT\] USD3 Quarterly Report Q1 2026](https://forum.reserve.org/t/report-usd3-quarterly-report-q1-2026/1520)
**Author:** [@ham](https://forum.reserve.org/u/ham)\ **Replies:** 0\ **Last updated:** [April 21, 2026, 10:47am UTC](https://forum.reserve.org/t/report-usd3-quarterly-report-q1-2026/1520 "2026-04-21T10:47:34Z")
USD3 is an overcollateralised, yield-bearing USD stablecoin targeting DeFi’s risk-adjusted rate. Yield from its collateral basket is split between USD3 holders and stRSR, with holder returns realised through NAV apprecia… --- ## [\[IP\] USD3 4.2.0 Upgrade](https://forum.reserve.org/t/ip-usd3-4-2-0-upgrade/1435)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [February 25, 2026, 3:49pm UTC](https://forum.reserve.org/t/ip-usd3-4-2-0-upgrade/1435 "2026-02-25T15:49:37Z")
Summary Upgrade all USD3 core contracts and assets from version 3.4.0 to version 4.2.0. This new version of the software includes updates from 4.0.0, 4.1.0, and 4.2.0. Abstract The proposed proposal, if enacted, would u… --- ## [\[REPORT\] USD3 Quarterly Report Q3 2025](https://forum.reserve.org/t/report-usd3-quarterly-report-q3-2025/1262)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [October 6, 2025, 2:34am UTC](https://forum.reserve.org/t/report-usd3-quarterly-report-q3-2025/1262 "2025-10-06T02:34:24Z")
Welcome to the Q3 2025 quarterly report for Web 3 Dollar (USD3), designed to provide a comprehensive snapshot of the project’s performance and ecosystem developments. This report dives into key metrics, including governa… --- ## [\[IP\] USD3 Collateral Basket Change Proposal #4](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-4/1178)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [July 13, 2025, 5:09pm UTC](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-4/1178 "2025-07-13T17:09:11Z")
Summary Replace sDAI for sUSDS in the USD3 collateral basket. Current Basket: 25% sDAI DAI Savings Rate(DSR) - Supply APY: 2.25% and dropping 25% Morpho Steakhouse USDC Vault 25% Comp v3 USDC 25% Aave v3 USDC Propo… --- ## [\[REPORT\] USD3 Quarterly Report Q2 2025](https://forum.reserve.org/t/report-usd3-quarterly-report-q2-2025/1208)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [July 6, 2025, 11:30pm UTC](https://forum.reserve.org/t/report-usd3-quarterly-report-q2-2025/1208 "2025-07-06T23:30:17Z")
Welcome to the Q2 2025 quarterly report for Web 3 Dollar (USD3), designed to provide a comprehensive snapshot of the project’s performance and ecosystem developments. This report dives into key metrics, including governa… --- ## [\[RFC\] Fusion for USD3 assets yield optimization](https://forum.reserve.org/t/rfc-fusion-for-usd3-assets-yield-optimization/1156)
**Author:** [@Slevin\_Fusion](https://forum.reserve.org/u/Slevin_Fusion)\ **Replies:** 2\ **Last updated:** [May 19, 2025, 5:04pm UTC](https://forum.reserve.org/t/rfc-fusion-for-usd3-assets-yield-optimization/1156 "2025-05-19T17:04:35Z")
Summary The USD3 asset management will be upgraded and moved to automated, yield-optimized ERC-4626 vaults based on the technology of the Fusion Protocol. Problem statement USD3 deploys the underlying USDC, USDT, and … --- ## [\[IP\] USD3 Unregister Unused Asset: USDP](https://forum.reserve.org/t/ip-usd3-unregister-unused-asset-usdp/1130)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [April 20, 2025, 12:41pm UTC](https://forum.reserve.org/t/ip-usd3-unregister-unused-asset-usdp/1130 "2025-04-20T12:41:20Z")
Summary This proposal unregisters an old contract address no longer utilized by USD3. These types of proposals can happen after a collateral basket change or a major protocol upgrade. In the case of USD3, there was a pro… --- ## [\[REPORT\] USD3 Quarterly Report Q1 2025](https://forum.reserve.org/t/report-usd3-quarterly-report-q1-2025/1128)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [April 8, 2025, 2:25am UTC](https://forum.reserve.org/t/report-usd3-quarterly-report-q1-2025/1128 "2025-04-08T02:25:58Z")
This report provides an overview of relevant metrics surrounding Web 3 Dollar(USD3) in Q1 of 2025. Taking a look at the governance performance both on the forums and onchain, TVL and other important DeFi metrics, and soc… --- ## [\[IP\] USD3 Collateral Basket Change Proposal 3](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-3/1069)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 2\ **Last updated:** [March 17, 2025, 12:34am UTC](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-3/1069 "2025-03-17T00:34:12Z")
Summary Decrease Compound USDC v3 exposure in the collateral basket in order to improve yield and diversification. Current Basket: 25% sDAI - Supply APY: 11.5% 25% Morpho Steakhouse USDC Vault - 10.8% 50% Comp v3 USDC… --- ## [\[REPORT\] USD3 Quarterly Report Q4 2024](https://forum.reserve.org/t/report-usd3-quarterly-report-q4-2024/1053)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [January 21, 2025, 5:45pm UTC](https://forum.reserve.org/t/report-usd3-quarterly-report-q4-2024/1053 "2025-01-21T17:45:09Z")
This report provides an overview of relevant metrics surrounding Web 3 Dollar (USD3) in Q4 of 2024. Taking a look at the governance performance both on the forums and onchain, TVL and other important DeFi metrics, and so… --- ## [\[RFC\] USD3 Asset Management: Register MORPHO](https://forum.reserve.org/t/rfc-usd3-asset-management-register-morpho/1036)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 4\ **Last updated:** [December 20, 2024, 1:05pm UTC](https://forum.reserve.org/t/rfc-usd3-asset-management-register-morpho/1036 "2024-12-20T13:05:34Z")
Summary Add the MORPHO token as an asset to the USD3 Asset Registry. Abstract ERC-20 assets that need to be used as part of an RToken system (either as collateral or as revenue assets) need to be registered in the Asset… --- ## [\[IP\] USD3 Collateral Basket Change Proposal 2](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-2/1028)
**Author:** [@Lucianken](https://forum.reserve.org/u/Lucianken)\ **Replies:** 5\ **Last updated:** [December 19, 2024, 2:17am UTC](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-2/1028 "2024-12-19T02:17:37Z")
USD3 allocation update proposal Summary We propose adding Morpho SteakHouse USDC or Gauntlet USDC Prime Vault to USD3 basket of yield-bearing tokens to enhance the yield obtained by RSR stakers and USD3 holders alike whi… --- ## [\[IP\] USD3 backing buffer change to 0.15%](https://forum.reserve.org/t/ip-usd3-backing-buffer-change-to-0-15/1034)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [December 19, 2024, 2:16am UTC](https://forum.reserve.org/t/ip-usd3-backing-buffer-change-to-0-15/1034 "2024-12-19T02:16:40Z")
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 back… --- ## [\[RFC\] USD3 allocation update proposal to include Morpho Vaults](https://forum.reserve.org/t/rfc-usd3-allocation-update-proposal-to-include-morpho-vaults/929)
**Author:** [@Lucianken](https://forum.reserve.org/u/Lucianken)\ **Replies:** 8\ **Last updated:** [September 25, 2024, 1:50pm UTC](https://forum.reserve.org/t/rfc-usd3-allocation-update-proposal-to-include-morpho-vaults/929 "2024-09-25T13:50:07Z")
USD3 allocation update proposal Summary This is a proposal to explore the addition of Morpho Protocol’s SteakHouse USDC Vault or Gauntlet USDC Prime Vault for 15% of the USD3 collateral basket. This addition will follow … --- ## [\[IP\] USD3 Emergency Collateral Updates](https://forum.reserve.org/t/ip-usd3-emergency-collateral-updates/918)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [September 9, 2024, 2:04am UTC](https://forum.reserve.org/t/ip-usd3-emergency-collateral-updates/918 "2024-09-09T02:04:06Z")
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 … --- ## [\[IP\] USD3 Unregister Unused Asset-Cleanup](https://forum.reserve.org/t/ip-usd3-unregister-unused-asset-cleanup/879)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 0\ **Last updated:** [August 11, 2024, 3:17pm UTC](https://forum.reserve.org/t/ip-usd3-unregister-unused-asset-cleanup/879 "2024-08-11T15:17:55Z")
Summary This proposal unregisters an old contract address that is no longer used in USD3. These types of proposals can happen after a collateral basket change or a major protocol upgrade. In the case of USD3, there was … --- ## [\[IP\] USD3 Collateral Basket Change Proposal #1](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-1/735)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 12\ **Last updated:** [June 29, 2024, 5:49pm UTC](https://forum.reserve.org/t/ip-usd3-collateral-basket-change-proposal-1/735 "2024-06-29T17:49:58Z")
Summary Intro to the Web 3 Dollar: USD3 is a decentralized yield-bearing USD stablecoin built on DeFi markets. USD3 is a fully asset-backed currency (“RToken”) created on the Reserve protocol. RTokens feature onchain as… --- ## [\[IP\] USD3 3.4.0 Upgrade](https://forum.reserve.org/t/ip-usd3-3-4-0-upgrade/749)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [June 10, 2024, 12:50am UTC](https://forum.reserve.org/t/ip-usd3-3-4-0-upgrade/749 "2024-06-10T00:50:02Z")
Summary Upgrade all USD3 core contracts and assets from version 3.0.1 to version 3.4.0 and upgrade to new Governance and TimelockController instances via a spell contract. Abstract Currently USD3 is using version 3.0.… --- ## [\[IP\] USD3 Issuance and Redemption Throttle Amount Increase](https://forum.reserve.org/t/ip-usd3-issuance-and-redemption-throttle-amount-increase/745)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 4\ **Last updated:** [June 6, 2024, 4:47pm UTC](https://forum.reserve.org/t/ip-usd3-issuance-and-redemption-throttle-amount-increase/745 "2024-06-06T16:47:38Z")
Summary This proposal Increases the redemption and issuance throttle amount for USD3 Abstract The proposed proposal, if enacted, would increase the issuance throttle amount from $2M to $6.5M and increase the redemptio… --- ## [\[IP\] USD3 Reward Ratio Change From 2 Weeks to 1 Week](https://forum.reserve.org/t/ip-usd3-reward-ratio-change-from-2-weeks-to-1-week/704)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [May 3, 2024, 8:39am UTC](https://forum.reserve.org/t/ip-usd3-reward-ratio-change-from-2-weeks-to-1-week/704 "2024-05-03T08:39:21Z")
Summary Change the Reward ratio from 2 weeks to 1 week. Current Reward Ratio: 2 weeks or 0.0000064180294 New Reward Ratio: 1 week or 0.000012836 Abstract Currently the reward ratio is set to 2 weeks. This proposal, if… --- ## [\[RFC\] Introducing USD3](https://forum.reserve.org/t/rfc-introducing-usd3/691)
**Author:** [@Sawyer](https://forum.reserve.org/u/Sawyer)\ **Replies:** 1\ **Last updated:** [April 26, 2024, 2:47pm UTC](https://forum.reserve.org/t/rfc-introducing-usd3/691 "2024-04-26T14:47:41Z")
Introduction Introducing USD3, a yield-bearing USD stablecoin built on DeFi markets. USD3 is a fully asset-backed currency (“RToken”) created on the Reserve protocol. RTokens feature onchain asset-backing, revenue sharin…