# \[IP\] eleosUSD Base - Revenue Distribution + Redemption Period Update
**URL:** https://forum.reserve.org/t/ip-eleosusd-base-revenue-distribution-redemption-period-update/754
**Category:** Ideas & suggestions
**Created:** [June 17, 2024, 12:08am UTC](https://forum.reserve.org/t/ip-eleosusd-base-revenue-distribution-redemption-period-update/754 "2024-06-17T00:08:13Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@eleosfoundation](https://forum.reserve.org/u/eleosfoundation)
#### Post date: [June 17, 2024, 12:08am UTC](https://forum.reserve.org/t/ip-eleosusd-base-revenue-distribution-redemption-period-update/754/1 "2024-06-17T00:08:13Z")
[Proposal ID - eleosUSD on Base](https://app.reserve.org/base/token/0x9a958e4b4c2e97f73e4f8abe8d86c8c64ee700d9/governance/proposal/44855688625193980102321200472982474229580624902281057639031177084349133398210)
**RFC**
> [@\[RFC\] - Introducing eleosUSD](https://forum.reserve.org/t/rfc-introducing-eleosusd/724):
>
> 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
_Poll ([view on site](https://forum.reserve.org/t/ip-eleosusd-base-revenue-distribution-redemption-period-update/754/1))_
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### Author:  [@0xSleepy](https://forum.reserve.org/u/0xSleepy)
#### Post date: [June 17, 2024, 2:04pm UTC](https://forum.reserve.org/t/ip-eleosusd-base-revenue-distribution-redemption-period-update/754/2 "2024-06-17T14:04:17Z")
Airdrop and an associated token is really exciting!
Can’t wait to see where this goes!
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### Author:  [@eleosfoundation](https://forum.reserve.org/u/eleosfoundation)
#### Post date: [June 17, 2024, 6:49pm UTC](https://forum.reserve.org/t/ip-eleosusd-base-revenue-distribution-redemption-period-update/754/3 "2024-06-17T18:49:31Z")
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.