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Gearbox · closed proposal

[GIP-68] Remove FRAX LM rewards

0x7BAF…8e22·ended 3y ago·Discussion ↗
Voters
105
GEAR voted
237.29M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
237.29M / 200.00M GEAR(119%)
✓ Quorum met
YES remove237.24M (100.0%)
NO keep41.89K (0.0%)
237.29M GEAR · 105 votersblock 17882597

🐳 Whale votes

0 votes > 5% VP
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Full proposal

Original markdown · Gearbox

FIP-119 by Frax DAO, thanks to Samuel's help and the chad Frax contributors (https://gov.frax.finance/t/fip-119-create-gearbox-amo/1887) - established a Frax -> Gearbox AMO with a starting limit of 2M. To help bootstrap this as strategy from the Gearbox side, LM rewards were added to this passive lending pool, with GIP-30: https://gov.gearbox.fi/t/gip-30-lm-adjustment-1/1875. The rewards for FRAX are 0.168% GEAR of total supply yearly, or ~80K USD yearly currently. Not huge at current levels, but just pointing out.

Due to high borrow min limits for Credit Accounts, minimum sizes of CAs star…

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