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Gearbox · closed proposal
[GIP-71] Reduce min debt size for Credit Managers. Upd
Voters
68
GEAR voted
204.01M
Token price
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AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
204.01M / 200.00M GEAR(102%)
✓ Quorum met
Approve203.71M (99.9%)
Reject301.75K (0.1%)
204.01M GEAR · 68 votersblock 17919631
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Gearbox
Motivation
Another side effect related to CRV price drop is connected with ca owners, which now has very strict limits like degenNFT & minimal debt (150K USDC atm). As long term consequences, it could reduce ca usage.
Suggestion
To democratise process of CA opening, the protocol could change these parameters:
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reduce maxEnableTokens to 4 (from 8), which limits potential liquidation costs maxEnableTokens here is amount of token that are considered as collaterals in Credit Account. The higher value - higher potential liquidation costs.
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reduce minDebt to Credit Managers:
- 30 eth f…
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