[GIP-21] Leverage Ninja Mode & V2 Limits
AI summary
This proposal suggests launching Gearbox V2, an updated version of the protocol, in a "Leverage Ninja" mode. This means that initially, only a select group of approximately 175 pre-approved users, called "Ninjas," will be able to open Credit Accounts (which allow for leveraged trading). These Ninjas will be limited to opening 1-2 Credit Accounts each to test the system with real assets in a controlled environment. The proposal also sets minimum and maximum borrowing limits for various cryptocurrencies within these Credit Accounts.
If passed, Gearbox V2 will launch with a restricted user base for its leveraged trading features, allowing for a cautious rollout and testing. This benefits the protocol by reducing initial risk but limits access for general users. The specific borrowing limits will affect how much capital can be leveraged by the initial users.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
It is proposed to launch Gearbox V2 in Leverage Ninja mode: the leverage side (aka Credit Accounts) will initially be restricted to a set of degen addresses who will help v2 test in production. That is, so we can see the system run live with real assets. Keep in mind that this list is enforced on a contract level, and is not an interface “trick”.
Leverage Ninja List
- Only Ninjas will be able to open Credit Accounts.
- Ninjas will be able to open 1-2 Credit Accounts only. Thus, adding limits to the Сredit Account will make the system more secure - if someone finds a vulnerability, it will…