10 open money networks conveniently bundled in one $OPEN token. openstablecoinindex.com telegram: t.me/+fIODVyG8z5A1ZTNh
Earth
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GM open money trenches,
If you live in one of the communities tagged below, $SQUILL governance may have landed in your wallet in 2025. It gave holders a vote over how the $OPEN Stablecoin Networks Index is built.
Sold it? No hard feelings.
Locked it as vlSQUILL? Grab a wrench.
OPEN is back in the garage testing new index methodologies. Early backtests have found options that beat ETH in both bull and bear markets. Now we need analysts, autists and enthusiasts to help stress test.
Kick the tires. Challenge the assumptions, methods and conclusions.
Have a better way to build OPEN? Put it on the table. Anything is in play.
Review and comment:
forum.reserve.org/t/help-pee…
@leviathan_news @DefiLlama @reserveprotocol @protocol_fx @aave @CurveFinance @InverseFinance @fraxfinance @LiquityProtocol @SkyEcosystem @AlchemixFi @OriginProtocol @GearboxProtocol @10b57e6da0
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Season 3 $SQUILL Drop is OPEN 🪂
If you’ve helped steer DeFi, check your wallet.
Claim your power. Vote-lock to shape the $OPEN stablecoin index.
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🚨 OPEN GOVERNANCE TAKEOVER ATTEMPT
A newly funded wallet spent 1 Ether—about $2,500—to acquire 125,280 SQUILL, approximately 10.06% of the voting power and just enough to meet OPEN’s currently displayed quorum alone.
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The title disguises these changes as routine “reconstitution.” The proposal description is blank.
No constituent assets have moved. This can still be stopped.
ACTION SUGGESTED
Vote-lock SQUILL and self-delegate before the September 10, 4:08 a.m. PDT voting snapshot.
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🚨 OPEN GOVERNANCE TAKEOVER ATTEMPT
ACTION SUGGESTED cont'd
Vote AGAINST between September 10 and September 13.
Simply holding SQUILL is not enough. It must be vote-locked and delegated before the snapshot to count.
Proposal: app.reserve.org/ethereum/ind…
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Friendly reminder to projects:
Add an LLM-friendly endpoint to your docs. It helps builders ship faster, improves SEO, and lets the coming wave of AI agents compose on top of your protocol more easily.
See @Morpho 's docs and search "LLM" for a great example.
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Stablecoins, but actually yours.
Use Pharos to identify stablecoins with no blacklist function, that no one can have their hands in your pocket.
We have upgraded the Blacklist Tracker on Pharos.
Blacklist risk is one of the most underrated dimensions of stablecoin security. Most users never think about it until an asset gets frozen. These updates make it easier to see that risk clearly before it becomes a problem.
Here is what is new:
- See the blacklistable status of all tracked stablecoins by count
- Click any bar to view the matching stablecoins instantly
- View blacklistable status weighted by market cap
- A cleaner, better optimized UI throughout
Know what you are holding.
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vlSQUILL-OPEN, ready to vote onchain?
Click through to links below.
The @OpenStableIndex posted a new proposal on the forum to update governance parameters. Calling all $SQUILL governors to provide feedback.
Link ⬇️
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Best stablecoin dashboards in the industry, now tracking "blacklistable" among other things. @PharosWatch
We're getting very close to the moment people start caring again about censorship resistance. Get ready.
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OpenMoneyIndex retweeted
good for decentralize stablecoin with true yield, and bad for USDC, circle & coinbase
Blog - OCC just killed all Stablecoin Rewards (I told you so). While this is draft guidance, don't expect it to change substantially. Blog on guidance, impact and the "hammer" the OCC wields. blog.starpointllp.com/2026/0…
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Today is the 2nd best day to weigh in on shaping OPEN's v1.2 methodology. The first best day was Jan 28.
Get involved?
[RFC] Request For Comments: The OPEN Rules Upgrade v1.2
forum.reserve.org/t/rfc-requ…
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OpenMoneyIndex retweeted
for this brief moment in time, we have an enourmous edge over the chungus institutions and corpos who are bound by rules and regulations and cannot move quick, while we are agile and nimble and can command arbitrary sized armies of agent swarms.
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[RFC] Request For Comments: The OPEN Rules Upgrade v1.2
forum.reserve.org/t/rfc-requ…
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More time in the ☀️ for vlSQUILL.
Onchain proposal to increase the voting period from 1d to 3d on OPEN basket changes recently PASSED.
-5d offchain forum discussion
-1d onchain proposal voting delay
-3d onchain voting period (<--change 🆕)
-1d onchain execution delay
app.reserve.org/ethereum/ind…
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$OPEN Stablecoin Index Q1 2026 rebalance voting available for next 12 hours.
vlSQUILL governors you are invited to participate.
app.reserve.org/ethereum/ind…
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💡Gm.
OPEN Q1 2026 Rebalance following the v1.1 rules upgrade, detailed on RFC here:
forum.reserve.org/t/rfc-the-…
Vote here starting in 24 hours: app.reserve.org/ethereum/ind…
Please ask questions or raise issues on the RFC. If no concerns, see you vlSQUILL voting onchain starting Jan 14 at 10:52pm PT.
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