0x49b4564c…6c52sent to0xa8a608b9…2022·#25,308,935·view on Etherscan
# ETHplus Rebalance Proposal Q2 2026 - Step 1
[https://forum.reserve.org/t/rfc-ethplus-rebalance-proposal-q2-2026/1531](https://forum.reserve.org/t/rfc-ethplus-rebalance-proposal-q2-2026/1531)
The April 2026 ETHplus Liquidity Analysis highlighted a growing misalignment between the current collateral basket and the ETHplus mandate. Most notably, ETHx has become the primary bottleneck to redemption liquidity, causing basket slippage to exceed the mandated 0.5% threshold at approximately 5,000 ETH, while the recent increase in the ETHplus take rate from 5% to 10% has pushed holder yield below the benchmark stETH rate. At the same time, increasing concentration within individual collateral assets requires closer monitoring to ensure compliance with the mandated 10% dependency limits.
This proposal seeks to address these issues through a rebalance which removes rETH, reduces ETHx exposure, increases weETH and frxETH allocations and maintains stETH at 50%. The proposed basket improves redemption capacity, improves the holder yield profile while remaining diversified across multiple ETH staking protocols.
