Governance Proposal to Share eUSD Revenue with Fintech Apps Sparks Community Interest @reserveprotocol 🧵 1/7

We uncover what is happening across web3 👀

3/ The plan includes a test period where 100% of the yield from fintech platforms' eUSD balances is shared with these platforms, inspired by the successful USDC-Coinbase partnership. Community reactions are mixed but engaged.

4/ zkOps is curious about risk management and implementation details, while ReserveFlamingo supports the idea and inquires about existing partners. mattimost addresses these concerns, and gabo introduces a pilot program, Ugly Cash Earn, to reward eUSD holders in Latin America.

5/ Potential benefits include increased usage and market cap, addressing distribution challenges, and maintaining financial stability through overcollateralization. Future automation via smart contracts could further enhance trust and efficiency.

6/ No negative impacts have been identified yet, and next steps are still undecided.

👉 Learn more at https://app.x23.ai/reserve/discussions/topic/801/eusd-rev-share-with-fintech-apps

2/ Exploring a New Governance Initiative for eUSD

A proposal by mattimost suggests sharing eUSD revenue with fintech apps to boost its usage and market cap.