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Gearbox · closed proposal

[GIP-30] LM Adjustment No. 1

0x81E8…2c08·ended 3y ago
Voters
869
GEAR voted
258.24M
Token price

AI summary

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Voting results

Quorum
258.24M / 200.00M GEAR(129%)
✓ Quorum met
For252.54M (97.8%)
Against2.81M (1.1%)
Abstain2.89M (1.1%)
258.24M GEAR · 869 votersblock 15938712

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Full proposal

Original markdown · Gearbox

Motivation

The idea is to keep optimal borrow rates at optimal level, so borrowers can make some %. It doesn’t mean they have to make 50% profits with a simple strategy (they can though, if they add market directional positions to a farm like here. This exercise makes less sense when there are 100 strategies, but now it’s pretty clear what & how can make money aka be usable. So we can and should fix. Everyone is free to use however they want, we are just looking at the most obvious opportunities.

Let’s start with t…

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