[GIP-163] pzETH, rstETH, amphrETH, steakLRT Quota Limits on Ethereum
AI summary
This proposal, put forth by Chaos Labs, recommends increasing the 'Quota Limit' for four specific assets (rstETH, steakLRT, amphrETH, and pzETH) on Gearbox's Ethereum platform to 7,000 each. The Quota Limit is the maximum amount of a particular asset that can be used as collateral or borrowed within the protocol. The recommendation is based on the increased supply and liquidity of these assets, which are all 'Liquid Staking Tokens' (LSTs) or 'Liquid Restaking Tokens' (LRTs), and the implementation of a robust oracle system that helps manage risk.
If approved, this proposal will allow users to utilize more of these four assets within the Gearbox protocol, potentially increasing borrowing and lending activity for rstETH, steakLRT, amphrETH, and pzETH. This benefits users holding these assets by providing more utility and could increase the overall volume on Gearbox. There are no direct financial losses to any specific group, but an increased Quota Limit always carries an inherent, albeit mitigated, risk of greater exposure to market fluctuations for the protocol.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Summary
Chaos Labs recommends increasing the Quota Limit on Gearbox’s Ethereum deployment for the following asset:
- rstETH
- steakLRT
- amphrETH
- pzETH
This recommendation was made utilizing our Quota Limit methodology, taking into account the fundamental oracle configuration on Gearbox.
On-chain Supply Growth
rstETH, steakLRT, amphrETH
The supply of all three Mellow LRTs assets on the Ethereum Mainnet has increased since their listing, with current figures showing rstETH at 65,708, steakLRT at 13,229, and amphrETH at 59,696.
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