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Gearbox · closed proposal

[GIP-124] Reserve Fund $1,000,000 level maintenance

0x8464…8f20·ended 2y ago
Voters
48
GEAR voted
317.23M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
317.23M / 200.00M GEAR(159%)
✓ Quorum met
For261.94M (82.6%)
Against0 (0.0%)
Abstain55.29M (17.4%)
317.23M GEAR · 48 votersblock 19713800

🐳 Whale votes

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

Full proposal

Original markdown · Gearbox

Authors: amplice & ivangbi

Summary

Proposing to float the reserve fund at around $1,000,000 until the treasury and audit commitments are covered, ensuring less risks for the treasury holdings and less exposure. The asset composition is to be at a semi-even ratio depending on what the asset composition is and what the pool size is. See more in https://docs.gearbox.finance/overview/liquidations/insurance-fund.

Motivation

Token holder treasury is earning about $1M a month right now in hard assets (stables and ETH) which all go into the Reserve Fund by default, instead of idle assets …

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