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Gearbox · closed proposal

[GIP-250] Allow new system contracts, patch rate keeper factory, activate new instances

0x8cC8…aE34·ended 1y ago·Discussion ↗·● MEDIUM RISK
Voters
19
GEAR voted
275.56M
Token price
—

AI summary

This proposal aims to update the Gearbox protocol by adding two new system contracts: `MultiPause` for emergency pausing and `TreasuryLiquidator` for treasury-funded liquidations in illiquid markets. It also includes a patch for the `RateKeeperFactory` to fix a bug preventing risk curators from changing rate keepers in existing markets. Finally, the proposal seeks to activate Gearbox instances on 11 new blockchain networks, including 8 mainnets and 3 testnets.

Impact

If passed, Gearbox will have enhanced emergency response capabilities and a new mechanism for managing liquidations in challenging market conditions. The bug fix will improve the functionality for risk curators, and expanding to 11 new chains will significantly broaden Gearbox's reach and potential user base. There are no direct financial allocations from the treasury mentioned in this proposal.

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Voting results

Quorum
275.56M / 200.00M GEAR(138%)
✓ Quorum met
For275.56M (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
275.56M GEAR · 19 votersblock 23053611

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Gearbox

Authors

lekho.eth

Summary

This is another proposal to configure Gearbox within the new Permissionless framework by executing the following Cross-Chain Multisig batch:

  • allow MultiPause and TreasuryLiquidator as new system contracts;
  • roll out RateKeeperFactory v3.1.1 patch;
  • activate Gearbox instance on 11 more chains.

Specification

Allow new system contracts

It is proposed to allow two new system contracts to be deployed from the Bytecode Repository:

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