[GIP-7] Proposal to add new tokens to AllowedTokens list V1
AI summary
This proposal, GIP-7, suggests adding five new tokens (CRV, SUSHI, LDO, FTM, LUNA) to Gearbox's AllowedTokens list. This list dictates which assets can be used as collateral or for leveraged trading within the protocol's Credit Accounts. The goal is to make Gearbox more attractive to traders and farmers by expanding the range of available assets for leveraged positions. All proposed tokens are actively traded and have Chainlink oracles for price feeds, which is a requirement for V1 of the protocol.
If passed, users will be able to open leveraged positions with CRV, SUSHI, LDO, FTM, and LUNA, potentially increasing trading activity and liquidity on Gearbox. Traders and farmers benefit from more options, while the protocol could see increased usage. There are no direct financial losses, but adding new assets always introduces new risk vectors.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
The proposal to add new tokens to the Allowed List policy https://docs.gearbox.finance/overview/credit-account/allowedlist-policy The motivation behind the proposal is that with increased limits it will be more interesting for traders & farmers to open leveraged positions in the Gearbox. The proposed tokens are now actively traded on DEXes and CEXes. All of them have Chainlink oracle to ETH as we are limited by those in the v1.
Asset: LT(USDC,DAI Pools) - LT(WETH,WBTC) CRV: 77.5% - 77.5% SUSHI: 77.5% - 77.5% LDO: …