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Voters
309
GEAR voted
254.58M
Token price
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AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
254.58M / 200.00M GEAR(127%)
✓ Quorum met
Yes, approve233.13M (91.6%)
No, reject21.45M (8.4%)
254.58M GEAR · 309 votersblock 16620624
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Gearbox
Abstract
This is proposal to add Coinbase ETH (cbETH) as an AllowedList asset for Credit Account users, for all the current (and soon upcoming FRAX) passive pools.
Motivation
In a couple of months’ time, we will have the ETH Shanghai upgrade which will allow ETH stakers to finally withdraw the ETH they have been locking up since 2020. The amount of ETH to be unlocked is about 16% of the overall supply and a vast majority of these ETH are likely to be deployed back through LSDs (like LIDO, cbETH, rocket pool etc). Moreover, it's possible to expect even more ETH to be staked as the ri…
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