[GIP-212] wstETH pool deployment
AI summary
This proposal seeks to add wrapped liquid staked Ether (wstETH) as a borrowable asset on the Gearbox platform. This would allow users to borrow wstETH, which is crucial for strategies involving other liquid restaking tokens (LRTs) like those in the Mellow Protocol. By enabling wstETH borrowing, the proposal aims to boost liquidity for these LRTs and create new yield opportunities for Gearbox depositors.
If passed, Gearbox users will gain the ability to borrow wstETH, facilitating leveraged strategies for Mellow and Symbiotic points farming. This could increase demand for wstETH liquidity and potentially benefit Gearbox depositors through additional yield, while also expanding the utility of the Gearbox protocol.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs, desnake
Overview
Chaos Labs supports listing wstETH as a borrowable asset pool on Gearbox’s Ethereum deployment. In the following analysis, we will cover wstETH as a borrowable asset and Mellow LRTs, including DVstETH initial listing parameters. Below is our analysis and initial risk parameter recommendations.
Motivation
The creation of a wstETH pool on Gearbox, enabling wstETH to be borrowable, addresses a critical need for liquidity in the ecosystem. With the growing number of recently listed assets on Gearbox being backed by wstETH, such as those in the Mellow Pro…