[GIP-282] RE7LRT Liquidation Disclaimer
AI summary
This proposal clarifies that the liquidation premium for a specific remaining RE7LRT credit account in the Restaking WETH Credit Manager will not be refunded to its owner. It also reports on several other liquidation premiums, totaling approximately $4,947 in USDC, collected during the March 16 expiration event, which are being refunded to their respective account owners. These refunds are in line with a standing mandate that dictates liquidation profits are returned to users if the market is paused and a whitelisted liquidator performs the liquidation.
If this proposal passes, the owner of the specified RE7LRT credit account will not receive a refund for their liquidation premium. Other account owners whose credit accounts were liquidated under specific conditions will receive their liquidation premiums, totaling about $4,947 in USDC. This proposal primarily affects a single account holder negatively and several others positively by ensuring refunds.
Voting results
Votes over time
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🐳 Whale votes
5 votes > 5% VPFull proposal
Summary
This proposal establishes that the liquidation premium for the remaining RE7LRT credit account in the Restaking WETH Credit Manager may not be refunded to the account owner.
It also reports on the liquidation premiums collected during the March 16 expiration event, which are being refunded to account owners as described below.
Context
Per GIP-281, all legacy v3.0 Credit Accounts on Ethereum were expired on March 16, 2026. The expiration was announced multiple times through governance proposals (GIP-277, GIP-278, GIP-279, GIP-281) and public communications, giving account owne…