[GIP-233] Update csUSDL & DVstETH limits
AI summary
This proposal aims to adjust the borrowing limits for certain assets within Gearbox Protocol's lending pools. Specifically, it suggests increasing the borrowing limit for csUSDL to 2,200,000 in both the USDC and USDT pools due to its high utilization. Conversely, it proposes setting the borrowing limit for DVstETH to 0 in the wstETH pool because it has not gained traction as collateral, allowing the protocol to focus on other assets like rstETH.
If passed, users will be able to borrow more csUSDL, benefiting those who use it for leveraged strategies. New borrowing of DVstETH will be halted, which might affect a small number of users who intended to use it as collateral, but existing positions will remain unaffected. The change aims to optimize the protocol's capital allocation.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Authors
Chaos Labs, desnake
Summary
It's proposed to increase csUSDL limits in USDC and USDT pools and set DVstETH limit to 0 in wstETH pool on Mainnet.
Motivation
csUSDL has demonstrated strong growth across both the USDC and USDT pools, reaching 100% utilization in the USDC pool and 97% utilization in the USDT pool. DVstETH hasn't gained any traction as collateral, so it's proposed to cut its limit to focus on expanding rstETH usage.
Specification
USDC, USDT v3 Pools on Mainnet
| Asset | Recommended Quota Limit |
|---|---|
| csUSDL | 2,200,000 |