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Gearbox · closed proposal

[GIP-6] Pool Max and Max Per Borrow Parameter Increases

0xeEEC…65a3·ended 4y ago·Discussion ↗·MEDIUM RISK
Voters
1,912
GEAR voted
276.72M
Token price

AI summary

This proposal seeks to increase the maximum amount of funds that can be deposited into Gearbox's credit pools (Pool Max) and the maximum amount a single user can borrow (Max Per Borrow). These changes are intended to allow for greater capital efficiency and accommodate larger borrowing needs within the protocol.

Impact

If passed, the Gearbox protocol will be able to handle larger deposits and loans, potentially increasing its total value locked and overall utility. This benefits users who wish to deposit more or borrow larger sums, but it also increases the protocol's exposure to potential risks associated with larger loan sizes.

Read full proposal on Snapshot

Voting results

Quorum
276.72M / 200.00M GEAR(138%)
✓ Quorum met
For272.38M (98.4%)
Against1.70M (0.6%)
Abstain2.64M (1.0%)
276.72M GEAR · 1912 votersblock 14545105

🐳 Whale votes

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

Full proposal

Original markdown · Gearbox

The current Pool Max, Min Collateral, and Max Per Borrow parameters are as follows:

image

These are the proposed parameters:

image

Context and discussion around this change is here: https://gov.gearbox.fi/t/pre-gip-6-pool-max-and-max-per-borrow-parameter-increases/929

A vote "FOR" authorizes the multisig to change the current parameters to the proposed parameters. A vote "AGAINST" doesn't authorize the new parameters and signals desire for an alternative approach.

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