This report provides an overview of relevant metrics surrounding Web 3 Dollar (USD3) in Q4 of 2024. Taking a look at the governance performance both on the forums and onchain, TVL and other important DeFi metrics, and social media data. The goal being to keep everyone in the community up to date on all things USD3.
Market Cap and TVL
Summary: This section looks at the total market cap of USD3 and the TVL accounted for in the Reserve Yield Protocol.
USD3 Total Market Cap: $34.2 Million
Staked RSR: 645.5 Million RSR
USD3’s Total TVL in the Reserve Protocol(Market cap + Staked RSR): $42.2 Million
Governance
Summary: This section looks at all the governance proposals both onchain and on the forums.
- [RFC] USD3 backing buffer change to 0.15%
- 3 total voters
- 3 Yes, 0 No
Outcome: USD3 backing buffer change to 0.15% was brought onchain.
- [IP] USD3 backing buffer change to 0.15%
- Quorum: 64M
- Votes For 138M
- Votes Against 0
- 3 total voters
- 3 Yes, 0 No
Outcome: IP was successful
- [RFC] USD3 Collateral Basket Change Proposal 2
- 4 total voters
- 4 Yes, 0 No
Outcome: USD3 Collateral Basket Change Proposal 2 was brought onchain.
- [IP] USD3 Collateral Basket Change Proposal 2
- Quorum: 64M
- Votes For 138M
- Votes Against 0
- 3 total voters
- 3 Yes, 0 No
Outcome: IP was successful
- [RFC] USD3 Asset Management: Register MORPHO
- 4 total voters
- 4 Yes, 0 No
Outcome: Awaiting development completion of asset plugin before this proposal moves onchain
DeFi and Onchain Metrics
Total Onchain Transactions:
USD3 transactions on Ethereum - 161
Integrations
Summary: This section looks at the TVL of USD3 in all the different protocols.
Morpho
Gauntlet eUSD Core vault on Ethereum
- Total USD3 supplied to this market: $520.25k
Curve
Curve Pools on Ethereum:
USD3/scrvUSD:
Total Pool TVL: $1,235,153
USD3: $554,482
scrvUSD: $641,736
USD3/sUSDe:
Total Pool TVL: $998,609
USD3: $247,628
sUSDe: $652,159
USD3/USDM:
Total Pool TVL: $999,346
USD3: $419,835
USDM: $565,686
USD3/sDAI:
Total Pool TVL: $1,080,010
USD3: $463,369
sDAI: $529,733
Social Media
Summary: In this section we look at the surrounding data and important metrics from the USD3’s X account.
X Followers: 467
X Impressions: 107k
X Engagement Rate: 2.6%
Disclaimer: This is everything that happened, a celebration of the community and an invitation to participate in the ongoing success of USD3. Continue to participate in the gov ops call, continue to participate on the forums and onchain votes. **USD3 is a permissionally governed and decentralized token
