[GIP-279] Expire v3.0 accounts on Feb 27'th
AI summary
This proposal aims to sunset all Credit Accounts in Gearbox's v3.0 markets on Ethereum by rescheduling their expiration to February 27, 2026. The goal is to migrate all remaining user activity to the newer, more efficient v3.1 system. Any Credit Account not migrated by this date will be automatically closed, with liquidation profits returned to users. This move is intended to reduce operational overhead and align with Gearbox's strategic shift towards being a neutral platform for credit products.
If this proposal passes, users with Credit Accounts on Gearbox v3.0 will need to migrate their positions to v3.1 by February 27, 2026, or their accounts will be automatically closed. This benefits the DAO by streamlining operations and focusing resources on v3.1, but it places the burden of migration on v3.0 users. LPs (liquidity providers) are unaffected and can withdraw their funds at any time.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
7 votes > 5% VPFull proposal
Summary
This proposal reschedules the expiration date for the sunset of all Credit Accounts in v3.0 markets on Ethereum.
The objective is to migrate all remaining activity to v3.1. Any Credit Account that does not migrate before the expiration date will be closed automatically. Liquidation profits (permium-execution loss) will be returned to users.
LPs are unaffected and may withdraw liquidity at any time.
Motivation
Continuing to support multiple protocol versions creates unnecessary operational overhead and limits the ability to focus on the more efficient and scalable v3.1 system.
…