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0xb4a5…1044

All memos sent from and to 0xb4a5…1044.
0xb4a5ecea…1044sent to0xb7cb3880…15e6·#22,217,762·0xe9686624…4f7906
# dgnETH Backing Buffer change from 0.1% to 0.15% [https://forum.reserve.org/t/rfc-dgneth-backing-buffer-change-from-0-1-to-0-15/1116](https://forum.reserve.org/t/rfc-dgneth-backing-buffer-change-from-0-1-to-0-15/1116) This proposal recommends increasing the Backing Buffer from 0.1% to 0.15% to better protect RToken stakers from slashing events during basket changes. The Backing Buffer is essential in safeguarding RToken holders by maintaining extra collateral to handle slippage during a rebalance. An optimal buffer level prevents RSR slashing and stabilizes yields for RToken stakeholders. This proposal addresses a recent significant slashing event linked to insufficient backing and collateral mispricing. Raising the buffer to 0.15% aims to mitigate future risks while monitoring it’s impacts.
0xb4a5ecea…1044sent to0xb7cb3880…15e6·#21,665,095·0x51c0a7f4…2e87a5
# Collateral basket change proposal: Removal of apxETH and addition of the Morpho Re7 WETH Vault [https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-removal-of-apxeth-and-addition-of-the-morpho-re7-weth-vault/1056](https://forum.reserve.org/t/rfc-collateral-basket-change-proposal-removal-of-apxeth-and-addition-of-the-morpho-re7-weth-vault/1056) This proposal discusses three changes to the Degen ETH, dgnETH collateral basket including the removal of apxETH, the re-introduction of the Re7 WETH Morpho Vault at 25% and increase of of the Convex ETH+/ETH LP to 75%. While these changes reduce the diversification ratio of the basket and concentrate risk on the Convex ETH+/ETH strategy, they are proposed to boost sdgnETH yield providing closer alignment with the dgnETH mandate of capturing high yields which consistently outperform the LST market rate.
0xb4a5ecea…1044sent to0x868fe81c…f753·#21,020,320·0x78feff57…17cb75
# [IP] - Collateral basket change to address liquidity bottlenecks and slowly introduce ETHx - Step 2 [https://forum.reserve.org/t/rfc-collateral-basket-change-to-address-liquidity-bottlenecks-and-slowly-introduce-ethx-step-2/962](https://forum.reserve.org/t/rfc-collateral-basket-change-to-address-liquidity-bottlenecks-and-slowly-introduce-ethx-step-2/962) This proposal seeks to complete the slow introduction of Stader’s ETHx to the Ethereum Plus, ETH+ collateral basket, now that the safety criteria set in Step 1 have been met. The approval of this proposal will fully integrate ETHx into the basket, completing the two-step process initiated in the previous RFC. This proposal has been made with the ETH+ mandate in mind, diversifying the collateral basket further without compromising on either yield opportunities or security.
0xb4a5ecea…1044sent to0x868fe81c…f753·#20,807,123·0xd05659f5…c6df38
# [IP] Addition of Stader’s ETHx to the ETH+ collateral basket 2.0 [https://forum.reserve.org/t/ip-addition-of-stader-s-ethx-to-the-eth-collateral-basket-2-0/925](https://forum.reserve.org/t/ip-addition-of-stader-s-ethx-to-the-eth-collateral-basket-2-0/925) On the 22nd of August a collateral basket change was proposed in the Ethereum Plus, ETH+ forum. The proposal advocated for the addition of Stader’s ETHx to the basket in order to improve risk diversification, allow the basket to reflect the evolving Ethereum staking ecosystem, and potentially increase ETH+ yields. The initial proposal allocated 10% to ETHx however, after consideration by the community and MEV Capitals analysis, it has been found that the current liquidity constraints on ETHx limit allocation to 8%. During this analysis, it was also highlighted that liquidity during both ETH+ minting and redemptions could be improved by allocating 50% to wrapped staked ETH, wstETH, and 21% to both staked Frax ETH, sfrxETH and Rocket Pool ETH, rETH. This proposal outlines a two-step plan for collateral basket change in order to improve basket diversification, spread risk, and potentially improve ETH+ yields as the initial RFC set out to do with the addition of ETHx and titrate wstETH, rETH, and sfrxETH allocations to improve minting and redemption liquidity. Given this is a two-step plan, if passed this RFC will result in the changes according to the step 1 collateral basket change, a second RFC will then be live on the forum for community discussion once the stated safety requirements below have been met before a second IP is pushed on-chain to achieve the final collateral basket change.
0xb4a5ecea…1044sent to0xb7cb3880…15e6·#20,757,377·0x97c21525…9efa33
# [IP] Collateral basket change proposal: Removal of Morpho Re7 WETH Vault [https://forum.reserve.org/t/ip-collateral-basket-change-proposal-removal-of-morpho-re7-weth-vault/899](https://forum.reserve.org/t/ip-collateral-basket-change-proposal-removal-of-morpho-re7-weth-vault/899) This proposal discusses the removal of the Morpho Re7 WETH Vault weighting from the Degen ETH, dgnETH collateral basket. To instead favor an equal 50/50 weighting of Dinero’s apxETH and Convex ETH+/ETH LP. In order to provide closer alignment with dgnETH’s mandate of capturing high yields which consistently outperform the LST market rate.