[GIP-157] ezETH Quota Increase on Optimism
AI summary
This proposal, put forth by Chaos Labs, recommends increasing the borrowing limit (called 'Quota Limit') for ezETH on Gearbox's Optimism platform. The current limit is 350 units of ezETH, and the proposal suggests raising it to 1,000 units. This change is based on an analysis of ezETH's growing on-chain liquidity and the implementation of a new 'fundamental oracle' which helps manage risk.
If approved, more ezETH will be available for borrowing on Gearbox's Optimism deployment, potentially increasing platform usage and liquidity for ezETH holders. The DAO benefits from increased activity, while borrowers gain more access to ezETH. No one directly loses, as the risk is deemed negligible due to the new oracle.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Summary
Chaos Labs recommends increasing the Quota Limit on Gearbox’s Optimism deployment for the following asset:
- ezETH
This recommendation was made after analyzing on-chain liquidity and utilizing our Quota Limit methodology.
On-chain Supply Growth
ezETH
ezETH’s Arbitrum on-chain supply has grown since listing, along with on-chain DEX liquidity.
Given the enhancement achieved by implementing a fundamental oracle, which effectively isolates delta exposure, the associated risk of increasing the quota limit is significantly minimized. Consequently, we p…