Gearbox · closed proposal

[GIP-127] Partial Compensation for ezETH Borrowers Liquidated during Emergency Pause

0x8464…8f20·ended 2y ago

Voters

GEAR voted

239.54M

Token price

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Voting results

Quorum

239.54M / 200.00M GEAR(120%)

✓ Quorum met

For116.37M (48.6%)

Against123.05M (51.4%)

Abstain121.45K (0.1%)

239.54M GEAR · 39 votersblock 19761710

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Full proposal

Original markdown · Gearbox

Author: amplice

Summary

Partly compensate users who were liquidated during the ezETH depeg event while the Gearbox Protocol was in an emergency paused state, using the profits earned by the protocol from these liquidations. Full context is available here

Repeating this precedent wouldn’t be smart. Don’t expect this to repeat in the future. Leverage comes with risks, borrowers now have full understanding of the system. DYOR.

Motivation

Recently, the ezETH liquid restaking token suffered a depeg event relative to the…

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