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Gearbox · closed proposal
[GIP-87] V2 LM Ending
0x81E8…2c08·ended 2y ago
Voters
83
GEAR voted
266.18M
Token price
—
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
266.18M / 200.00M GEAR(133%)
✓ Quorum met
End V2 LM inflation266.18M (100.0%)
Continue V2 LM 0 (0.0%)
266.18M GEAR · 83 votersblock 18968076
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Gearbox
One of our key goals with V3 was to reduce the reliance on GEAR emissions and boost organic rates. We took our first step towards that with GIP-85 as we partly the V2 emissions without moving them to V3 pools. Now, as a next step, we intend to completely cut the V2 LM without moving any of that GEAR emissions to V3 pools. And this GIP proposes exactly that.
- Cut the remaining GEAR LM Emissions on V2’s USDC and DAI pools by 100%. This would reduce the GEAR LM by a further of ~24% and 0.36% of the supply annually.
- No movement of the saved GEAR to V3 pools.
![Screenshot 2024-01-09 at 1.09.…
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