[GIP-149] Onboard rsETH to Arbitrum
AI summary
This proposal, authored by Chaos Labs, suggests adding rsETH as a supported asset on Gearbox's Arbitrum platform within the 'Trade WETH Tier 1' and 'Trade WETH Tier 2' Credit Managers. It outlines specific risk parameters for this integration, including a Liquidation Threshold of 0.90 and a Quota Limit of 2,000 WETH. The proposal also specifies the oracles and trading pools to be used for rsETH.
If passed, Gearbox users will be able to use rsETH as collateral or for other financial operations within the specified Credit Managers on Arbitrum, potentially increasing the utility and liquidity of rsETH within the Gearbox ecosystem. This benefits rsETH holders and Gearbox users seeking more asset options, but introduces new market risk exposure for the protocol.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Summary
Chaos Labs supports listing rsETH on Gearbox in Credit Managers Trade WETH Tier 1 and Trade WETH Tier 2 on Arbitrum; our analysis and risk parameter recommendations for the initial listing are below.
Note: The following analysis is conducted solely from a market risk viewpoint, excluding centralization and third-party risk considerations. If the community aims to reduce exposure to rsETH, adopting more conservative supply and borrow caps should be considered.
Liquidity and Market Cap
rsETH’s current market cap is $1B; since inception it has an averag…