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Gearbox · closed proposal

[GIP-166] Make all tokens in Credit Managers quoted

0xab02…a6D8·ended 1y ago·Discussion ↗·LOW RISK
Voters
12
GEAR voted
223.25M
Token price

AI summary

This proposal aims to update the Gearbox protocol by 'quoting' all tokens currently used as collateral in Credit Managers (CMs) that don't have a specific quota limit. Quoting a token means setting its quota limit to 0 and its minimum and maximum interest rates to 0.01%. This change is a technical adjustment necessary for the proper functioning of the upcoming V3.1 protocol update, which seeks to simplify protocol management.

Impact

If this proposal passes, the Gearbox protocol will be updated to be compatible with the V3.1 release. This is a technical change that does not expose the protocol to additional risks, as tokens with a 0 quota cannot be borrowed against. It primarily benefits the development team by enabling the V3.1 update and streamlining protocol management.

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Voting results

Quorum
223.25M / 200.00M GEAR(112%)
✓ Quorum met
Approve223.25M (100.0%)
Reject0 (0.0%)
223.25M GEAR · 12 votersblock 20684566

🐳 Whale votes

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

Full proposal

Original markdown · Gearbox

Authors

desnakeee.eth

Summary

This proposal aims to quote all tokens that are currently included as collaterals in CMs, but have no quota limit in corresponding pools, except underlying tokens of the pools.

Motivation

Quoting of all CM tokens is needed for the proper functioning of the upcoming V3.1 update, which is designed to simplify the process of managing the protocol. Note: setting quota to 0 doesn't expose the protocol to any additional risks, as it doesn't allow borrowing against 0-quoted tokens, this is a technical change to make the protocol compatible with V3.1 update.

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