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Memo 0xc4f1961b…12b3dc on Ethereum

# [IP] ETHplus Rebalance Proposal Q1 2026 / Ratification of mandate and methodology update [https://forum.reserve.org/t/rfc-ethplus-rebalance-proposal-q1-2026/1407](https://forum.reserve.org/t/rfc-ethplus-rebalance-proposal-q1-2026/1407) This on-chain vote combines approval of a quarterly collateral rebalance for ETHplus and ratification of an updated mandate with a formalised DTF methodology. The Rebalance Proposal responds to the December 2025 liquidity analysis showing that the current collateral basket’s redemption performance no longer meets the slippage standards in the proposed methodology, driven by concentrated risk in rETH and frxETH. The proposed solution reallocates weight toward deeper-liquidity assets, notably including weETH under the expanded mandate, which increases redemption capacity significantly while only modestly reducing yield. To manage execution risk, the rebalance is staged, beginning with an interim basket followed by a transition to the target allocation once defined liquidity criteria are met. The Mandate and DTF Methodology Update formalises ETHplus’ governing principles and expands eligible collateral to include both liquid staking tokens and liquid restaking tokens, with clear guidelines on diversification, liquidity standards (e.g., slippage ≤ 0.5% for up to 20 % of supply), maximum asset concentration, yield benchmarking, and reporting. Ratifying this methodology on-chain aligns ETHplus with standards used by newer DTFs and supports consistent, transparent governance decisions. The combined vote authorises moving ETHplus into an interim basket and ratifying the updated mandate and methodology as the foundational governance framework for future rebalances and risk management. More information on either of these two proposals can be found below: ETHplus Rebalance Proposal Q1 2026: https://forum.reserve.org/t/rfc-ethplus-rebalance-proposal-q1-2026/1407 Mandate and Methodology update: https://forum.reserve.org/t/rfc-ethplus-mandate-and-dtf-methodology-update/1383