eUSD FinTech Revenue Share Update 2025-10-15
Vote: FOR
I’m happy that the transparency concerns expressed by eUSD stakers have been addressed by UC with their excellent addendum to Sawyer’s quarterly report. However, I feel that the UC addendum has now set the standard for other Fintechs. An interesting conversation for another time would be: How long before we remove the Revenue share from Sentz given their blatant disregard for transparency?
As mentioned previous the other issues of RSR over-collateralisation and governor fatigue are being slowly addressed with the amount of RSR staked on eUSD maintaining at 2.5B and confirmation from Thomas that optimistic governance is being explored / developed by the core team in Q4.
With these matters addressed / prioritised I will continue voting FOR on future Revenue Share Update Proposals.
Sunsetting of dgnETH
ABC Labs has confirmed that incentives for the dgnETH/ETH+ Curve LP will be phased out by the 11th December 2025. Given dgnETH’s two-token model relied on emissions to sustain yields for sdgnETH stakers, the withdrawal of incentives removes its core value proposition. Combined with high operational overheads and engineering demands, I made the decision to wind down operations.
Emissions reduction schedule:
- 6 Nov – Vote submission for emissions change
- 13 Nov – 50% cut
- 27 Nov – Further 50% cut (down to 25% overall)
- 11 Dec – Final reduction to zero
This timeline gives holders a clear runway to unwind positions smoothly. I’m available to troubleshoot any withdrawals. You can find my TG on the original post above.
[dgnETH IP] Collateral Basket Change Proposal 7 - Updating the ETH+/WETH Convex LP Plugin
Vote: Abstain
The decision to phase out LP incentives and sunset dgnETH was made only hours before this proposal went live for voting. While going ahead with the vote would have beneficial to the Reserve ecosystem, deepening the new ETH+/WETH LP, voting ‘YAY’ on this proposal would have exposed dgnETH holders and RSR stakers to unnecessary risks. Especially since the only time we have seen RSR slashing in the past is when we have entered / exited LP positions. Given this risk, I abstained from the proposal and advised others to vote ‘NAY’ or do the same.