[IP] eleosUSD Base - Revenue Distribution + Redemption Period Update

[eleosfoundation]

Proposal ID - eleosUSD on Base

RFC

[RFC] - Introducing eleosUSD

Introduction Eleos USD (eleosUSD) is a decentralized yield-generating token initially pegged to the US Dollar. Eleos USD provides convenient access to a diversified range of DeFi protocols. EleosUSD is linked to the Eleos Foundation, a token designed for charitable giving. As with all asset-backed currencies issued on the Reserve protocol, eleosUSD’s design is to be overcollateralized with verifiable proof of reserves available on-chain. In this RFC, we will provide an overview of eleosUSD. We…

SUMMARY
This proposal updates the revenue distribution and time between revenue distribution.

Redemption Period Update

• Reward redemption change from 2 weeks to 1 week.

Revenue Distribution Update

• 85% - eleosUSD holders
• 06% - Airdrops & Eleos Reserve
• 05% - RSR Stakers
• 04% - Charity

• For
• Against

[0xSleepy]

Airdrop and an associated token is really exciting!

Can’t wait to see where this goes!

[eleosfoundation]

This update, if approved, will be also added to eleosUSD on Arbitrum. Since the last protocol with Arbitrum, updating back to 2 tokens from 3. Assets will be AAVE and Compound (USDC), with goal to bring eleosUSD on Arb. back to 0.994 to 1.00.