[GIP-234] rstETH Quota Increase
AI summary
This proposal from Chaos Labs recommends increasing the 'quota limit' for rstETH in the wstETH Pool on Gearbox to 20,000. A quota limit is a cap on how much of a specific asset, in this case rstETH, can be used within the Gearbox protocol. The current rstETH quota has been reached, and the asset has shown consistent growth. The proposal argues that despite a recent decline in rstETH supply, there's still enough to support this increase, especially given the $2.7 million TVL (Total Value Locked) in the wstETH/rstETH Liquidity Pool on Balancer.
If this proposal passes, users will be able to utilize more rstETH within the Gearbox protocol, potentially increasing the protocol's TVL and usage. This benefits users who want to leverage rstETH and the Gearbox protocol by providing more capacity. There are no direct financial losses to any specific group, but increasing limits can inherently introduce more exposure to the asset.
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 assets:
- 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. 