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Gearbox · closed proposal

[GIP-85] V2 LM Emissions Reduction

0x7BAF…8e22·ended 2y ago·Discussion ↗
Voters
62
GEAR voted
318.94M
Token price
—

AI summary

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Voting results

Quorum
318.94M / 200.00M GEAR(159%)
✓ Quorum met
Approve 318.94M (100.0%)
Reject0 (0.0%)
Abstain [Explain in Discord]0 (0.0%)
318.94M GEAR · 62 votersblock 18872039

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Full proposal

Original markdown · Gearbox

This proposal is aimed at harmonizing the V3 launch and some liquidity parameters related to it. The objective of the proposal is to act on a few data points and thus improve the state of V3 as the migration process is under way, successfully so far. The result would lower emissions in GEAR in the process of potentially driving the emissions to 0% in 2024.

  1. Fully remove V2 dWBTC LM. There is currently no utilization, and it’s not needed there. Any passive lender on V2 WBTC can move over to the V3 side. The reason for the WBTC pool existence is to allow traders to either short WBTC or long o…

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