[GIP-274] Migration Timeline Update
AI summary
This proposal extends the deadline for the stablecoin migration process, initially outlined in GIP-272, until January 20th, 2026. The extension is necessary because current market conditions, specifically low liquidity and high price impact, make it difficult for users to close positions and migrate smoothly. The goal is to allow more time for users to migrate and to increase liquidity in the new V3.1 pools.
If this proposal passes, users will have an additional two years to migrate their stablecoin positions, reducing potential financial losses due to price impact. This benefits users by providing a less volatile migration path, and the DAO by ensuring a more orderly transition. Pools connected to rstETH are not affected by this delay.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
6 votes > 5% VPFull proposal
The migration proposed on [GIP-272] will be extended until January 20th, 2026.
Given that closing positions currently implies price impact, and that available liquidity is lower than initially expected, the stablecoin migration process will be extended until January 20th, 2026.
Objectives of the extension:
• Increase available liquidity on V3.1 pools for Credit Account (CA) migration, via a new curator and potential additional LP capital.
• Provide users with additional time to complete their migration in an orderly manner.
**Important: Pools connected to rstETH, as spe…