James, this is false. My responses are in the thread and one being here. Ham’s response and data are here.
James if you don’t understand why Ugly Cash’s Rev Share at 5%(1 rebalance/month) yields less than Ugly Cash’s Rev Share at 7.5%(2 rebalance/month, one at 5% and one at 10%) then I do not have time to explain this to you.
Additionally, you are perpetuating your opinions as facts. I would like to point out that these are merely opinions and may not have much factual truth to them. “Govern specific DTFs/RTokens (currently tainted with 2025s eUSD issue)”
You seem to still have an issue with how eUSD is being governed. I would like to point you to Ralph’s post which highlights that eUSD is being governed efficiently. Here is a quick quote: ”Participation is not a meaningful goal…In my - probably radical - opinion voting participation is not a meaningful goal in itself.” Ralph, who is the ecosystem governance facilitator is stating this as an opinion, as it is your opinion that there are issues with eUSD, not a fact. Is eUSD governance perfect? No! But does it work? For the time being, I think it does.
There is no evidence of Governance fatigue, you seem to have convinced a few select community members that this is the case, however there is no evidence of this being true. If this were to be true then the majority of the RevShare updates would not pass, signaling exhaustion.
The Reserve Yield Protocol is Credibly decentralized. This is a Fact, not an opinion. I am not paid by Reserve, StakeDAO is not paid by Reserve, we are two independent contributors to the eUSD DAO. Anyone can contribute! I have aligned myself with wanting the largest eUSD Market Cap. The way I see eUSD achieving the highest Market Cap is through the FinTechs and providing unwavering support to them. It is unfortunate that in recent events surrounding PMF that it looks like all of eUSD throughout DeFi will inevitably wind down. This is my opinion on what might happen due to how expensive it is to provide incentives. I foresee a scenario where there is just enough eUSD DEX liquidity for the protocol to reliably operate and nothing more. Additionally, ABC Labs will stop incentives in a few weeks on the eUSD Morpho Vaults, this will lead to stRSR percentage going down drastically. The market does not care about overcollateralization and therefore the market does not care about the RSR staker. My own opinion is that we might run into a scenario where only 1% is going to stRSR as a small layer of protection during governance led rebalances. I will repeat myself, the market does not care about overcollateralization. I have aligned myself with the success of the FinTechs first, RSR staker second.
You brought up my compensation, last year(2025) I made about $25k(unaudited) from eUSD. This year(2026) I am on track to make probably about the same. Here is my address for those that are interested. Reserve does not Pay me this comes from earning 3% of the overall piece of the pie for eUSD. Ralph has actually stated how underpaid I am for the work that I do.
My suggestions:
- Stop perpetuating your opinions as facts!
- Lead by example, are there any tangible action items that you have completed that can be shared. It seems like your contributions are just suggestions on how you think things can be improved. There is no action!
- Rally the community around Reserve’s mission for 2026, while we can point at the RSR price, Reserve has stated that they are focused on finding pmf on the index protocol. If everyone is aligned here and we find success, then we win. As Nevin said it bluntly, something along the lines of we are all in this to make money. WAGBI!