[GIP-2] Voting for Allowed Tokens List
AI summary
This Gearbox DAO proposal asks the community to vote on which tokens should be initially allowed for use within the protocol's Credit Accounts. It presents two options: a 'SAFE' packet with 5 common tokens (WETH, WBTC, USDC, DAI, LINK) or a 'FULL' packet with 12 DeFi tokens, including stablecoins and other major assets. The proposal also specifies the 'Liquidation Threshold' (LT) for each token, which is a parameter determining at what point a user's position becomes eligible for liquidation.
If passed, this proposal will define the initial set of assets users can leverage within Gearbox's Credit Accounts, directly affecting the types of strategies and collateral options available. Users who want to utilize a wider range of DeFi tokens will benefit from the 'FULL' packet, while those preferring a more conservative approach might favor the 'SAFE' packet. The DAO will establish the initial risk parameters for these assets.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Authors
This proposal was drafted as a result of a previous discussion and made with help of @ov3rkoalafied , @vasilysumanov, @mikael, and others.
Discussion
Link to discussion in Governance Forum
Summary
Proposal for parameters of initial deployed Allowed Contracts policy
NOTE : if working with the raw numbers, LT for stables would work as follows - a swap from a stablecoin to a stablecoin would cause your Health Factor …