[GIP-281] Sunset Legacy v3.0 Markets - Extended Deadline
AI summary
This proposal extends the deadline for users to close their legacy v3.0 Credit Accounts on the Ethereum network to March 16, 2026. After this date, any remaining open accounts will be automatically liquidated, with profits returned to the account owners. This change is part of Gearbox DAO's strategic shift towards an "RWA-first structure" focusing on tokenized assets, moving away from the older on-chain collateral markets.
If passed, users with v3.0 Credit Accounts will have an additional 18 days to manage their positions before automatic liquidation. The DAO benefits by streamlining its operations and focusing resources on its new Real-World Asset (RWA) strategy, while users of legacy markets are given more time to adapt. There are no direct financial allocations or losses to the treasury.
Voting results
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🐳 Whale votes
5 votes > 5% VPFull proposal
Summary
This proposal sets March 16, 2026 as the final sunset date for all v3.0 (legacy) Credit Accounts on Ethereum.
All Credit Accounts remaining open after this date will be liquidated automatically. Liquidation profits will be returned to account owners. LPs can withdraw liquidity at any time.
Amends GIP-279 which set Feb 27, 2026 as the expiration date.
Motivation
Gearbox DAO is transitioning from legacy onchain collateral markets to an RWA-first structure with tokenized assets.
As part of this shift:
- There is no longer dedicated risk oversight for legacy markets (pr…