eUSD FinTech Revenue Share Update 2025-10-01
Vote: FOR
The quarter has closed on eUSD with another great report produced by @Sawyer. Appreciate that the transparency concerns have been taken onboard by Ugly Cash, the fintech with the largest eUSD holding, who have backed up Sawyers report with one of their own, detailing key growth and eUSD usage metrics.
While there has been no definitive resolution to the other concerns raised, level of RSR over-collateralisation and governor fatigue, these issues are slowly being address with the amount of RSR staked on eUSD maintaining at 2.5B and confirmation from @mattimost that optimistic governance is being explored / developed by the core team in Q4.
With these matters addressed / being prioritised I will continue voting FOR on future Revenue Share Update Proposals.
[dgnETH RFC] - Collateral Basket Change Proposal 7 - Updating the ETH+/WETH Convex LP Plugin
This proposal seeks to update the dgnETH collateral basket by migrating its 75% allocation from the Convex CryptoSwap ETH+/ETH LP to the StableSwap variant. The migration aligns the dgnETH basket with ETHplus’s own liquidity optimisations. The new StableSwap pool offers tighter spreads for pegged assets, reduced slippage on large trades, and improves ETHplus scalability. The StableSwap pool has recently delivered higher yields than the CryptoSwap pool (5.91% vs. 2.27% 30d average), though dilution is expected as liquidity migrates, mitigated in part by a subsequent migration of incentives by ABC Labs. In addition, the new plugin introduces gas optimisations that cuts dgnETH transaction costs by ~33%, albeit with a modest increase in stale-data risk as it moves the plugin uses 24h refresh window compared to the current plugin which refreshes on every action.
I’d appreciate anyone keeping up-to-date on my delegation platform to join the conversation, positive or negative. If we don’t see any objections to this RFC I expect to graduate this proposal to on-chain voting next Monday, 10/20/2025.