Reserve Protocol digest,
2026-11-05.

Proposals and RFCs

Five proposal-related items opened in this window.

• [RFC] Shared vlRSR Proposal Thresholds (Governance and Delegates), tbrent. https://forum.reserve.org/t/1695
• [RFC] CMC20 + ixEdel optimistic governance upgrade (1.1.0) (Governance and Delegates), tbrent. https://forum.reserve.org/t/1694
• [RFC] eUSD Revenue Share Programme Update 05-11-2026 (eUSD RFC), ham. https://forum.reserve.org/t/1726
• [RFC] eUSD Revenue Share: Add UglyCash Address (eUSD RFC), karina.abdelmalek. https://forum.reserve.org/t/1678
• [Discussion] From DTFs to an Open Financial Marketplace (Ideas and suggestions), zzz. https://forum.reserve.org/t/1679

New topics

• Shared vlRSR Proposal Thresholds (Governance and Delegates), tbrent, 3 posts. https://forum.reserve.org/t/1695
• CMC20 + ixEdel optimistic governance upgrade 1.1.0 (Governance and Delegates), tbrent, 1 post. https://forum.reserve.org/t/1694
• eUSD Revenue Share Programme Update 05-11-2026 (eUSD RFC), ham, 1 post. https://forum.reserve.org/t/1726
• eUSD Revenue Share: Add UglyCash Address (eUSD RFC), karina.abdelmalek, 1 post. https://forum.reserve.org/t/1678
• From DTFs to an Open Financial Marketplace (Ideas and suggestions), zzz, 1 post. https://forum.reserve.org/t/1679

Discussion by topic

[IP] Proposal-spam protection upgrade for OPEN (t/1666)

tbrent proposed an optimistic upgrade timeline: Day 0 propose upgradeFolio() through the DTF governance path (7-day cycle), voting days 2 to 5, execute day 7, then retireOldStakingVault(). 0xJMG supports the 1.1.0 upgrade, noting wallets meeting the proposal threshold can submit 3 proposals initially, replenishing 1 every 4 hours, and must meet a 12-hour average voting-power requirement. The proposal is onchain, voting Thu Nov 05 1:57 pm to Sun Nov 08 1:57 pm PT.

[IP] Proposal-spam protection upgrade for ABX (t/1667)

tbrent posted the same upgrade timeline (upgradeFolio + retireOldStakingVault, days 0 to 7) under the optimistic governance path.

[IP] Proposal-spam protection upgrade for vlRSR governance (t/1661)

tbrent reported that the 1.1.0 upgrades passed and were executed around November 4 with a 0.1% threshold, so three onchain proposals (bsc, base, mainnet) were put up to raise proposal thresholds to 2%. ham pushed back, noting the original RFC contained no discussion of raising the threshold and calling the silent 0.1% to 2% move "a creep in scope" that could cut participation. zeb sided with ham, citing the number of governors involved. In response tbrent cancelled the 2% proposals and opened a new RFC with a poll on the threshold.

[RFC] Shared vlRSR Proposal Thresholds (t/1695)

tbrent asked vlRSR holders to choose one standard threshold across the three shared vaults (Ethereum, Base, BSC, all on 1.1.0 at 0.1%), with options including 0.1% and 1%. ham welcomed a separate RFC but still called 0.1 to 2% "quite a leap" and stressed the security and participation balance. 0xd15co said 2% is too aggressive and suggested starting with 1%.

[RFC] CMC20 + ixEdel optimistic governance upgrade (t/1694)

tbrent proposed moving CMC20 and ixEdel onto Governor 1.1.0 optimistic governance and retiring the legacy vote-lock vaults, following the vlRSR rollout, with Step 1 casting GovernanceSpell_09_18_2026.upgradeFolio() from each DTF's current owner.

[RFC] eUSD Revenue Share: Add UglyCash Address (t/1678)

karina.abdelmalek (Reserve and UGLYCASH) added one address holding eUSD for the revenue share program, with balances split from the address previously holding most UGLYCASH-controlled eUSD.

[RFC] eUSD Revenue Share Programme Update 05-11-2026 (t/1726)

ham posted an update to the ongoing revenue share proposal covering Ugly Cash and Sentz, aiming to maintain compliance with the original proposal and the later update that redirected 10% of Fintech Revenues to stRSR holders.

[RFC] eUSD staking and overcollateralization (t/1669)

zzz argued these arrangements are temporary and that eUSD should eventually manage its own risks at lower cost, potentially replacing RSR overcollateralization, raising the question of what justifies RSR capturing value from eUSD.

[Discussion] From DTFs to an Open Financial Marketplace (t/1679)

zzz proposed infrastructure that lets financial products emerge freely, be tested by the market, compete, grow, or be eliminated naturally, rather than Reserve choosing the next DTF.

Sentiment

Mostly constructive. The vlRSR threshold matter drew pushback from ham and zeb on scope, which tbrent accepted by cancelling the 2% onchain proposals and moving the choice to a poll, where 0xd15co leaned to 1%. The OPEN upgrade is broadly supported and now at vote. The CMC20 and ixEdel, and eUSD revenue share items are early and uncontested so far.

What to watch

• Vote on the OPEN proposal-spam protection upgrade is open onchain November 5 to November 8 PT.
• The shared vlRSR proposal threshold RFC carries a poll after tbrent cancelled the 2% onchain proposals; 0xd15co suggested 1% as a starting point.
• The ABX proposal-spam upgrade is at proposal stage under the optimistic timeline.
• The vlRSR 1.1.0 upgrade was executed as of November 4.
• CMC20 + ixEdel upgrade RFC and the eUSD revenue share RFCs (UglyCash address, Programme Update) are open for comment.