[GIP-254] Reduce Quota Range for llamathena & stkcvxRLUSD/USDC
AI summary
This proposal aims to reduce the 'Max Rate' for two specific types of collateral tokens, 'llamathena' (Convex-staked scrvUSD/sUSDe LP) and 'stkcvxRLUSD/USDC' (Convex-staked RLUSD/USDC LP), across all stablecoin pools within the Gearbox protocol. The Max Rate for 'llamathena' will decrease from 20% to 6%, and for 'stkcvxRLUSD/USDC' from 15% to 6%. This adjustment is intended to make stablecoin leverage more attractive and predictable for users.
If passed, this change will likely benefit users who leverage these specific collateral tokens by potentially offering more stable and predictable borrowing conditions. It could also attract more users to utilize these LPs as collateral within Gearbox. There are no direct financial losses to any specific group, but the protocol's risk parameters are being adjusted.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
This proposal reduces the Quota Range for two existing Convex LP collateral tokens across all Gearbox stablecoin pools:
- Convex-staked scrvUSD/sUSDe LP (“llamathena”)
- Convex-staked RLUSD/USDC LP
The Max Rate is reduced from:
20% → 6%for llamathena15% → 6%for RLUSD/USDC
Min Rate remains unchanged at 0.05%.
Motivation
The initial Quota Ranges were set to balance early demand with risk. Given current market conditions and to align with Gearbox’s broader strategy of making stablecoin leverage more attractive and predictable, a lowe…