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Gearbox · closed proposal

[GIP-119] Onboard rswETH and pufETH

0x031D…a2AA·ended 2y ago·Discussion ↗
Voters
36
GEAR voted
232.53M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
232.53M / 200.00M GEAR(116%)
✓ Quorum met
Approve232.51M (100.0%)
Reject20.09K (0.0%)
232.53M GEAR · 36 votersblock 19692110

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Full proposal

Original markdown · Gearbox

Author

apeir99n, de-snake

Summary

This proposal is aimed at the following changes:

  • Onboarding pufETH to Ethereum’s WETH pool
  • Onboarding rswETH to Ethereum’s WETH pool
  • Increasing borrowing limits for USDC and WETH pools

Motivation

Gearbox is actively used now for leverage farming of points. The main use cases now are farming points of Ethena, Renzo, Ether.fi, Kelp. Adding more LRTs will help to diversify the assets exposure for WETH pool, which is good both from a risk perspective and from a pool utilization perspective. Increasing limits allows to keep high utilization rate o…

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