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Voters
21
GEAR voted
266.19M
Token price
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Voting results
Quorum
266.19M / 200.00M GEAR(133%)
✓ Quorum met
Approve266.19M (100.0%)
Reject0 (0.0%)
266.19M GEAR · 21 votersblock 20385641
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Full proposal
Original markdown · Gearbox
Author
@Chaos Labs
Summary
This proposal aims to establish an effective price cap for all stablecoins in response to the recent crvUSD price spike caused by mass liquidation events.
Motivation
Addressing Price Volatility
Recent price spikes resulting from mass liquidation events have raised concerns about the stability and reliability of various stablecoins. Stablecoins are designed to maintain a stable value, typically pegged closely to $1. Highly temporary upward deviations can potentially induce substantial liquidation events through debt mechanisms.
**Imple…
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