[GIP-276] Return of Liquidation Profits & Fees for Expired Credit Managers
AI summary
This proposal aims to return liquidation profits and fees to users whose Credit Managers (accounts for borrowing and lending) were forcefully liquidated due to expiration on various blockchain networks. It also seeks to establish a permanent rule for automatically refunding users in similar future emergency liquidation scenarios within the Chaos Labs Legacy Markets.
If passed, affected users will receive 100% of the profits and fees generated from these specific liquidations, reinforcing user protection. The DAO Treasury will reimburse its share of fees, and kpk (a curator) is requested to do the same. This sets a precedent for how the Gearbox DAO handles emergency liquidations, potentially reducing future governance overhead for similar events.
Voting results
Votes over time
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🐳 Whale votes
6 votes > 5% VPFull proposal
Summary This proposal aims to reimburse affected users for profits and fees generated during the forced liquidation of expired Credit Managers on Arbitrum, Optimism, Sonic, and Ethereum Mainnet, and to establish a streamlined process for future events.
Specifically, this proposal entails:
- Transferring 100% of the profits currently held by the DAO Old Liquidator wallet directly to the affected user wallets.
- Reimbursing the portion of liquidation fees collected by the DAO Treasury.
- Formally requesting kpk (curator) to reimburse their portion of the fees collected during these events. …