To help me get up to speed and to hone in on the most important challenges, @0xJMG and I meet once a week and discuss how StableLab can best support Reserve Protocol.
I’m going to be posting our meeting notes here for the sake of transparency, but also to give everyone a chance to chime in, ask questions or add points to our agenda.
The meeting notes will be posted as a reply to this post, feel free to quote and reply or just reply.
In the beginning of collaboration: we keep the 1:1 calls between James and Raphael to accelerate fast answers and decisions. Raphael to post notes in Reserve gov forums afterwards - see here.
Biggest current difficulty: how does governance flow work from RFC (Discourse) to IP (Register.app).
How can we improve integration?
How can we improve ease of use/adoption?
StableLab create revised diagram and process: Suggested governance flow for RTokens
Sync with Reserve engineering (Patrick) on technical details
Raphael to get familiar with Reserve’s Discord Security Audit
Wanted: RFC and IP updates in Discord that are delightful and inviting to use, notification service options?
Eng team currently using Hypernative but this solution is currently insufficient
Compound and Olympus have very user friendly gov IP alerts channels - maybe we should mimic this?
Friday weekly recap of governance RFCs and IPs pass or rejected, with forecast of what is coming in next week
James to add RToken community leads (Tom hyUSD, 0xSleepy ETH+, bsdETH) to StableLab<>Reserve telegram
Request status report on “this weeks RFC and IP” activity every Friday, to which StableLab will collate and synthesize into notes published weekly on gov forums
1. 0xSleepy: ETH+, bsdETH, dgnETH
2. Tom Sawyer: hyUSD
3. Griff (for now, wil add rex later): rgUSD
Other open questions to explore (that we did not have time for on April 5):
What emergency DAO actions should be prioritized? Create a debate map around that.
Action Items
Further Discussion
GovOps Agenda May 31st
Notes
eleosUSD has a similar collateral basket to other RTokens, efforts need to be made to differentiate.
RSR onchain liquidity in Ethereum and offchain in Binance is decent. On arbitrum there is lower liquidity but a reason for it is the token was recently deployed. Community is engaged in increasing RSR liquidity in Base.
Reserve onchain proposals without prior forum discussion are to be avoided, current cases are due to updates in new projects that do not have depositors yet.
3.4.0 Upgrade code is almost ready, upgrade will be implemented in one go. bsdETH and hyUSD are waiting for the implementation. Wrapped collaterals will get benefitted from the upgrade, but some collateral will need to be unwrapped. The implementation is straightforward, an explanatory text will be provided to aid deployers.
Notes:
fdUSD is issued by Binance and was created in response to the deprecation of BUSD because of legal issues.
Lift Dollar will generate risk-free yield.
USDM and M0 are currently under construction and just raised funds.
3.4.0 Upgrade is designed to make all current rTokens upgradeable. StableLab is currently working on a list to provide an overview on which rTokens have been upgraded.
GovOps meeting notes June 14th
PaperImperium from GFX Labs:
He joined the DeFi space in 2021 and is engaged with Maker and regulators in stablecoin policy.
To the question of How does the stablecoin market looking?
We would like to have all RToken upgraded by the end of June.
Proposals to upgrade for unupgraded RTokens should be submitted next week.
[REDACTED] proposal for eUSD.
Meeting notes:
Notes:
@Jose_StableLab can you say more about the mandate and whats not served by Morpho Re7 WETH? this published answer could help guide future inquiries.
Ok think I found it. Maybe good to link to the discussions in the future? [RFC] Collateral basket change proposal: Removal of Morpho Re7 WETH Vault
Hi! Thanks for referencing the proposal. It is a good idea to link relevant information for user clarity, will note it for the future.
Notes:
Links:
RFCs
IPs
Q&As:
