[GIP-15] Engagement with Risk DAO
AI summary
This proposal asks the Gearbox DAO to hire Risk DAO, an external service, to improve its risk assessment capabilities. Risk DAO would develop advanced mathematical models to stress-test the protocol, especially for stablecoins like sUSD and FRAX, and create a public dashboard to monitor risk indicators and stress test results for all Gearbox markets. This aims to provide more robust risk management tools beyond what the internal Risk Committee currently offers.
If approved, Gearbox will gain enhanced risk analysis and monitoring, potentially leading to more secure and optimized lending parameters. This benefits all users by reducing insolvency risks, but it involves an unspecified cost to the DAO treasury for Risk DAO's services.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
RiskDAO is a service DAO spearheaded by B.Protocol and 1kx that focuses on providing a public risk assessment framework and associated audits to DeFi lending and borrowing protocols.
It is proposed that the Gearbox DAO engage with the RiskDAO to:
- Develop mathematical simulation models for stress tests of correlated assets depegging (in particular for sUSD and FRAX stable coins).
- Maintain a public risk monitor dashboard to feature stress test results for all of Gearbox markets and key risk indicators.
EDIT: Item (2) includes stress tests and LTV recommendation also for existin…