# Friday Governance Wrap Up 24-04-12

**URL:** <https://forum.reserve.org/t/friday-governance-wrap-up-24-04-12/652>\
**Category:** Governance & Delegates\
**Created:** [April 12, 2024, 1:59pm UTC](https://forum.reserve.org/t/friday-governance-wrap-up-24-04-12/652 "2024-04-12T13:59:58Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Raphael\_Anode](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.reserve.org/raphael_anode/32/1100_2.png) [@Raphael\_Anode](https://forum.reserve.org/u/Raphael_Anode)\
**Post date:** [April 12, 2024, 1:59pm UTC](https://forum.reserve.org/t/friday-governance-wrap-up-24-04-12/652/1 "2024-04-12T13:59:58Z")

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Apr 12, 2024

GM rToken enjoyoors! StableLab will be publishing weekly governance wrap-ups to highlight ongoing discussions and proposals. If you want your proposal or idea featured, please contact us via Forum DM or tag us on Discord (@raphbaph).

### Let’s dive right in

#### New token, who dis?

0xlogarithmicrex introduced rgUSD, short for revenue generating USD, a overcollateralized stablecoin consisting of 100% aDAI with:

- 90% - Liquidity Incentives
- 5% - DAO Liquidity
- 5% - RSR Stakers (governance and overcollateralization)

Please give Rex a warm welcome!

> [@\[RFC\] - Introducing rgUSD](https://forum.reserve.org/t/rfc-introducing-rgusd/649):
>
> Introduction Introducing rgUSD, an overcollateralized stablecoin launched on Reserve Protocol that acts as a collective point for DeFi users to negotiate with stablecoin yield providers for the best returns. Revenue Generating USD (rgUSD), is an overcollateralized stablecoin that deploys its capital into high yield, market neutral, low risk venues across DeFi. rgUSD directs the revenue generated from its collateral basket into supporting rgUSD growth, via incentivizing liquidity pools, lending…

#### Spring cleaning

High Yield USD is performing a spring cleaning of sorts, and proposes to unregister:

- fUSDC - Flux USDC
- mrp-aUSDT - Morpho Aave USDT v2 Pool
- cvxeUSDFRAXBP - OLD eUSD+FRAXBP Contract
- TUSD - True USD(used in emergency collateral)

And register:

COMP Address, so that COMP rewards can be monetized.

> [@\[IP\] Unregister Unused Assets-Clean up Mainnet](https://forum.reserve.org/t/ip-unregister-unused-assets-clean-up-mainnet/605):
>
> 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 unregister old contract addresses that are no longer being used. And register new assets in order for the rewards to be monetized. Assets to be unregistered: fUSDC - Flux USDC mrp-aUSDT - Morpho Aave USDT v2 Pool cvxeUSDFRAXBP - OLD eUSD+FRAXBP Contract TUSD - True USD(used in emergenc…

#### It’s all in a name

In cooperation with 0xTomSawyer, StableLab release a naming convention for RFC proposals and IPs.

The goal of the naming convention is to make finding proposals easy and attract more governance participation.

> [@Naming convention for RFCs and IPs](https://forum.reserve.org/t/naming-convention-for-rfcs-and-ips/643):
>
> Reserve Ecosystem Formatting for RFC’s and IP’s Introduction The purpose of this document is to outline an ideal formatting solution for all governors to follow when creating proposals in the forums and on-chain within the already established suggested Reserve governance flow. Step 1 - RFC - Naming Scheme The proposal that is created shall follow the naming scheme with a prefix “[RFC] ” followed by the title. For example: Step 2 - RFC transitions to IP - Naming …

That’s a wrap! Please reach out to us to let us know how we can improve this format, as well as any proposals you’d like us to cover here.

Have a great weekend, everybody!