[GIP-155] ezETH, wstETH & USDe on Arbitrum Quota Limit Increase
AI summary
This proposal, put forth by Chaos Labs, suggests increasing the 'Quota Limits' for three specific digital assets on Gearbox's Arbitrum platform: ezETH, wstETH, and USDe. Quota Limits determine the maximum amount of these assets that can be supplied or borrowed within the Gearbox protocol. The recommendation is based on improved on-chain liquidity for each asset, meaning they can be traded more easily without significant price changes. Specifically, ezETH's limit would increase to 2,000, wstETH's to 6,000, and USDe's would double.
If this proposal passes, users will be able to supply and borrow larger quantities of ezETH, wstETH, and USDe on Gearbox's Arbitrum deployment, potentially increasing the protocol's utility and attracting more liquidity providers and borrowers. This benefits users looking to leverage these specific assets, while those not interacting with these assets will see no direct change.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Summary
Chaos Labs support the proposal to increase Quota Limits on Gearbox’s Arbitrum deployment for the following assets:
- ezETH
- wstETH
- USDe
Liquidity
ezETH
ezETH’s Arbitrum on-chain supply has grown since listing, along with on-chain DEX liquidity. As a result of this improvement, we recommend increasing its Quota Limit to 2,000.
wstETH
wstETH liquidity on Arbitrum is stronger than during its initial listing, allowing us to recommend a Quota Limit increase. A 3,000 wstETH for WETH swap incurs no slippage, allowing us to recommend an increase to…