[GIP-206] tETH onboarding
AI summary
This proposal seeks to integrate tETH, a yield-generating token from the Treehouse protocol, into Gearbox. tETH aims to generate returns higher than native Ethereum staking rewards by using a leveraged staking strategy. If approved, Gearbox users would be able to use tETH within the protocol, specifically as collateral and for trading.
If this proposal passes, Gearbox will support tETH, allowing users to leverage it as collateral with an 85% Loan-to-Value (LTV) ratio and trade it with specific rate limits. This expands the range of assets available on Gearbox and could attract new users interested in tETH's leveraged staking yield, but also introduces the risks associated with tETH's underlying strategy.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Overview
Chaos Labs supports listing tETH on Gearbox. Below is our analysis and recommendation for initial risk parameters.
tETH
Treehouse is a DeFi protocol that provides LSTs (called “tAssets”) and Decentralized Offered Rates (DOR), a primitive designed to create fixed-income products. The DOR is a reference rate-setting consensus mechanism, which Operators (of which Treehouse is the first) initiate and maintain. Panelists (currently subject to a whitelist) use Treehouse’s DOR software to provide interest rate data and forecasts; Delegators delegate tAssets t…