[IP] eUSD FinTech Revenue Share Update 2025-11-27

Electronic Dollar (eUSD) eUSD RFC
1

Summary

This is an update to the existing ongoing proposal of sharing some of the eUSD Revenue with FinTechs(Ugly Cash and Sentz). eUSD shares underlying revenue with distribution partners(i.e. fintech apps) who use and promote eUSD for their customers.

Original Proposal.

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Current eUSD FinTech RevShare Split:
Ugly Cash: 28.5%
Sentz: 5.2%
stRSR: 63.3%

Proposed eUSD FinTech RevShare Split:
Ugly Cash: 31.2%
Sentz: 5.4%
stRSR: 60.4%

eUSD Market Cap(At Snapshot): $20,662,461
Ugly Cash eUSD Holdings(At Snapshot): $6,445,359
Sentz eUSD Holdings(At Snapshot): $1,124,184

Change Since Last Proposal:

FinTech Previous Proposal Current Delta
UglyCash $6,103,063 $6,445,359 +5.4%
Sentz $1,122,359 $1,124,184 +0.16%

*The percentages are calculated based on the amount of eUSD the Fintech Apps are holding relative to the eUSD Market Cap.

These update proposals happen bi-weekly. This will allow onchain percentages to more accurately reflect FinTech eUSD holdings.

Abstract

The proposed proposal, if enacted, would update the Revenue Share in compliance with the rules set forward in the ongoing RevShare proposal.

Problem Statement

See Original Proposal.

Rationale

This update proposal aims to align with previous governance support of the ongoing FinTech RevShare proposal.

Risks

With overcollateralization at 44% the risk of lowering the stRSR percentage is minimal

  • Yes, I am for this proposal
  • No, I am against this proposal
0 voters

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2

This proposal has been moved onchain. The Request for Comments period has ended and the poll is closed.

Link to onchain proposal: Reserve app | DTFs

3

Would help if you mentioned how this affects RSR stakers. I’ve been seeing the percentage drop every other week but no explanation how this affects anyone at all. Please be transparent, is this good for the ecosystem? Does this benefit RSR stakers?

1 Like
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Hi, please familiarize yourself with the original proposal here

Personal opinions shouldn’t be discussed in the update proposals. It’s important to only present the facts to the governors.

My personal opinion is that eUSD’s only distribution is through the FinTechs, and that supporting the FinTech RevShare proposals is the only way that eUSD will find PMF.

The overcollateralization percentage is dictated by the following factors: Collateral basket APY, amount of RSR staked, the price of RSR and revenue percent directed towards stRSR. In recent events the revenue percent directed towards stRSR has been going down. However, during this time period the APY to stake your RSR has been going up.

5

Hey glock, you should definitely check out the original proposal as Sawyer suggests. I’d also suggest checking out the latest quarterly report and this forum post to really get up to speed on eUSD and sentiment around the revenue share programme.

I agree with Sawyer on eUSD’s main distribution channel being through fintechs. However to answer your question candidly, while it’s easy to derive from the proposal that supporting these early fintechs and their growth will eventually benefit RSR stakers, there is currently no clear plan for a revenue share to return to them.