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Gearbox · closed proposal

[GIP-197] Sonic deployment

0xab02…a6D8·ended 1y ago·Discussion ↗·● MEDIUM RISK
Voters
24
GEAR voted
256.78M
Token price
—

AI summary

This proposal, initiated by Chaos Labs, suggests deploying Gearbox, a decentralized finance protocol for leveraged yield farming, onto the Sonic Chain. It outlines the initial configuration for new lending pools and collateral assets on Sonic, including setting up price oracles for various tokens like USDC, wS, wETH, and stS. The proposal also details the interest rate model and specific parameters for a USDC lending pool, along with quota limits for different tokens.

Impact

If passed, Gearbox will expand its operations to the Sonic Chain, allowing users on that network to access Gearbox's leveraged yield farming services. This could increase the total value locked in Gearbox and potentially generate more revenue for the DAO through fees. The proposal does not involve direct treasury spending or specific payments to individuals.

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Voting results

Quorum
256.78M / 200.00M GEAR(128%)
✓ Quorum met
For256.78M (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
256.78M GEAR · 24 votersblock 21890064

🐳 Whale votes

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

Full proposal

Original markdown · Gearbox

Author

Chaos Labs

Overview

Chaos Labs recommends creating a new Gearbox deployment on the Sonic Chain. In the analysis below, we cover the configuration of the initial pools and collateral assets.

PriceOracle

  • USDC.e (0x29219dd400f2Bf60E5a23d13Be72B486D4038894)
    • Main: Chainlink USDC/USD (0x55bCa887199d5520B3Ce285D41e6dC10C08716C9)
    • Reserve: Redstone USDC
  • wS (0x039e2fB66102314Ce7b64Ce5Ce3E5183bc94aD38)
  • wETH (0x50c…

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