[REPORT] eUSD Quarterly Report Q2 2025

You raise an important point @Mallo . In the recent eUSD proposal, two company wallets accounted for 391M votes, or 72% of the “yes” side. That can understandably feel discouraging for broader community participation.

From the five visible voters, at least four appear to be direct project affiliates or delegates. In practice, this gives the appearance the company selecting delegates, rather than the community doing so.

At the same time, there are 389 addresses holding voting power in eUSD, yet about 98% aren’t participating. That seems like a missed opportunity for engagement.

Would be great to hear from @nevin.freeman or @mattimost on what degree of priority decentralization is for eUSD and the wider Reserve ecosystem.