0x49b4564c…6c52sent to0xb7cb3880…15e6·#23,620,931·view on Etherscan
# Collateral Basket Change Proposal 7 - Updating the ETH+/WETH Convex LP Plugin
[https://app.reserve.org/ethereum/token/0x005f893ecd7bf9667195642f7649da8163e23658/governance/proposal](https://app.reserve.org/ethereum/token/0x005f893ecd7bf9667195642f7649da8163e23658/governance/proposal)
This proposal seeks to update the dgnETH collateral basket by migrating its 75% allocation from the Convex CryptoSwap ETH+/ETH LP to the StableSwap variant. The migration aligns the dgnETH basket with ETHplus’s own liquidity optimisations. The new StableSwap pool offers tighter spreads for pegged assets, reduced slippage on large trades, and improves ETHplus scalability. The StableSwap pool has recently delivered higher yields than the CryptoSwap pool (5.91% vs. 2.27% 30d average), though dilution is expected as liquidity migrates, mitigated in part by a subsequent migration of incentives by ABC Labs. In addition, the new plugin introduces gas optimisations that cuts dgnETH transaction costs by ~33%, albeit with a modest increase in stale-data risk as it moves the plugin uses 24h refresh window compared to the current plugin which refreshes on every action.