gm everyone, first of all I just want to say I’m super grateful for all the nice comments under this post. Love that there is a good mix of Reserve team, DeFi chads, external service providers and partner protocols, appreciate each and every one of you <3
From now on I’ll continue to comment on this forum post updating those interested on my vote receipts, rationale and other relevant contributions. Over the past year I’ve seen governance activity peak and trough so I don’t want to commit to weekly updates in periods of little to no activity but will endeavour to update this post at least monthly and more frequently during busy periods.
Okay, so let’s kick this off…
Collateral Basket Change Proposal: Adding Wrapped OETH (wOETH) to the dgnETH Collateral Basket
Vote: FOR
Rational: A contentious proposal, going directly against the dgnETH mandate. I eventually voted yes, despite arguing against it in the forums. I did this because it’s my opinion that dgnETH should be yield seeking above all else, OETH had recently deployed a new Curve pool that pushed their yield up ~1% higher than the incumbent, Morpho RE7 ETH vault. However, we’ve since seen OETH yield to drop down below the RE7 ETH vault and even below the average LST market rate. A vote I’m not proud to say I supported. Lesson learnt.
USD3 Collateral Basket Change Proposal 4
Vote: FOR
Rational: No brainer to swap from sDAI (APY: 2.25%) to sUSDS (APY: 4.5%) now the plug-in is live.
eUSD FinTech Revenue Share Update 2025-07-08
Vote: FOR
Rational: I see the fintech revenue share programme as the only avenue of growth available to eUSD and will continue to support their growth as per the original mandate for now, giving time for the concerns on the programme’s SOPs to be addressed.
eUSD FinTech Revenue Share Update 2025-07-22
Vote: FOR
Rational: Same as above.
Collateral Basket Change Proposal: Add Re7 WETH Morpho Vault (dgnETH)
Vote: FOR
Rational: Increases the diversification and yield profile of dgnETH while working towards aligning the collateral basket with its original mandate.
My comments / concerns on the eUSD Revenue Share Programme
I’m a strong supporter of the programme and believe eUSD’s growth will be led by fintechs, but not if it comes at the ongoing expense of stakers. I’d like to see clearer transparency from fintechs, fewer votes, and a shared understanding of acceptable over-collateralisation going forward.