← Back to Gearbox
Gearbox · closed proposal
[GIP-170] Update interest rate-related parameters due to changed LRT & Ethena market conditions
Voters
14
GEAR voted
287.33M
Token price
—
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
287.33M / 200.00M GEAR(144%)
✓ Quorum met
For287.33M (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
287.33M GEAR · 14 votersblock 21051358
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Gearbox
Authors
@desnakeee
Summary
This proposal asks DAO permission to lower WBTC & WETH Pools' IRM parameters and lower minimal & maximal quota rates of all LRTs and Ethena tokens allowed as collateral.
Motivation
For all the referenced numbers please see rates comparison dashboard.
Implied rates for BTC LRTs on Pendle have stabilized at around 7% APR. Similar strategies on other money markets offer even lower rates. However, Gearbox WBTC pool's IRM reaches those average market borrowing rates at 60-70% utilization, leaving pool underu…
📚 Similar past proposals
Finding similar proposals…