[GIP-152] Enable partial liquidations for the rest of Mainnet deployment
AI summary
This proposal aims to fully implement partial liquidations for specific assets within the Gearbox protocol, namely stkcvxcrvUSDUSDC and stkcvxcrvUSDUSDT. It involves connecting a specialized bot, deploying new price feeds for crvUSDUSDC and crvUSDUSDT, and reconfiguring existing price feeds as reserves. The goal is to improve the liquidation process, making it less punitive for borrowers and more stable for the protocol during market volatility.
If passed, borrowers using crvUSD Tier 1 credit managers will experience reduced losses during liquidations, as only a portion of their collateral will be sold to cover debt. The protocol benefits from increased stability and reduced risk of cascading liquidations. There are no direct financial allocations or losses for the DAO treasury.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author:
@desnakeee
Summary
This proposal suggests:
- connecting PartialLiquidationBotV3 as a special permissions bot for "crvUSD Tier 1" credit manager
- deploying bounded feeds for crvUSDUSDC, crvUSDUSDT and setting them as main for stkcvxcrvUSDUSDC, stkcvxcrvUSDUSDT ;
- setting existing market feeds stkcvxcrvUSDUSDC , stkcvxcrvUSDUSDT as reserve;
Motivation
Partial liquidations and the corresponding PartialLiquidationBotV3 contract…