[GIP-272] Final steps to sunset V3.0 markets on Ethereum
AI summary
This proposal aims to shut down all existing Credit Accounts in Gearbox's V3.0 markets on Ethereum, moving all activity to the newer V3.1 system. Users with V3.0 accounts will have a grace period to migrate their positions, after which any remaining accounts will be automatically closed. Liquidation premiums will be returned to users, and liquidity providers (LPs) are not affected and can withdraw their funds at any time.
If this proposal passes, all V3.0 Credit Accounts will be sunset, streamlining Gearbox's operations and allowing the DAO to focus on V3.1. Users with V3.0 accounts must migrate to V3.1 to continue using the protocol, or their accounts will be closed. This benefits the DAO by reducing operational overhead and focusing resources, while V3.0 users need to take action.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
7 votes > 5% VPFull proposal
Summary
This proposal initiates the sunset of all Credit Accounts in v3.0 markets on Ethereum. The objective is to migrate all remaining activity to v3.1. Any Credit Account that does not migrate before the expiration date will be closed automatically. Liquidation premiums will be returned to users.
LPs are unaffected and may withdraw liquidity at any time.
Motivation
Continuing to support multiple protocol versions creates unnecessary operational overhead and limits the ability to focus on the more efficient and scalable v3.1 system.
In addition, Gearbox’s strategic shift toward beco…