[GIP-228] rstETH Quota Limit Update
AI summary
This proposal, put forth by Chaos Labs, recommends increasing the 'Quota Limit' for rstETH within the Gearbox protocol. The Quota Limit is essentially a cap on how much of a specific asset, in this case rstETH, can be used within the protocol. The motivation for this increase is that rstETH has reached its current limit and has shown consistent growth and stable liquidity in its main trading pool.
If this proposal passes, the maximum amount of rstETH that can be utilized within Gearbox will increase to 4,800 units. This change primarily benefits users who wish to deposit or leverage more rstETH within the protocol, as it expands the capacity for this asset. There are no direct financial losses to any specific group, but an increased limit could theoretically expose the protocol to more risk if rstETH's value were to become volatile.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Overview
Chaos Labs recommends increasing the Quota Limit on Gearbox for the following asset:
- rstETH on wstETH Pool
This recommendation was made utilizing our Quota Limit methodology.
Motivation
rstETH has exhibited a consistent growth trend over the past three months and has now reached 100% of its quota limit.
rstETH’s supply has declined over the past three months and currently stands at 23.75K as of the time of writing. Nevertheless, the current supply level still provides sufficient room to support an increase in the supply cap.
The majority of rstET…