[GIP-240] Enable GEAR on CAs, Raise stkcvxRLUSDUSDC and rstETH limits
AI summary
This proposal aims to make three key changes to the Gearbox protocol. First, it enables the use of the native GEAR token within Credit Accounts (CAs) to allow a user to withdraw mistakenly sent tokens. Second, it increases the borrowing limits for stkcvxRLUSDUSDC, a token representing staked Convex Finance rewards for a specific stablecoin pool, from its current level to $3,000,000. Third, it raises the borrowing limits for rstETH, a liquid restaking token, to 35,000 units due to high demand.
If passed, a user will be able to retrieve their GEAR tokens, and users will have more capacity to borrow against stkcvxRLUSDUSDC and rstETH, potentially increasing liquidity and utilization within the Gearbox ecosystem. This benefits users who hold these assets and wish to leverage them, and could increase the protocol's total value locked.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs, desnake
Summary
- $GEAR was sent to a CA by mistake as a reimbursement for user. For him to be able to withdraw it, $GEAR is needed to be enabled
- stkcvxRLUSDUSDC was onboarded with conservative limits before Chaos Labs had their recommendation ready. The limits proposed by them was higher than those which were implemented (see discord topic). It's proposed to raise limits to recommended level.
- rstETH demand as collateral has been steadily reaching ever-raised caps. Chaos Labs proposed to raise…