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Gearbox · closed proposal
[GIP-69] Reduce min debt size for Credit Managers
Voters
114
GEAR voted
207.81M
Token price
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AI summary
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Voting results
Quorum
207.81M / 200.00M GEAR(104%)
✓ Quorum met
Approve194.87M (93.8%)
Reject12.94M (6.2%)
207.81M GEAR · 114 votersblock 17883233
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Gearbox
Motivation:
Another side effect related to CRV price drop is connected with ca owners, which now has very strict limits like degenNFT & minimal debt (150K USDC atm). As long term consequences, it could reduce Credit Account (later - CA) usage.
Suggestion:
To democratise process of CA opening, the protocol could change these parameters:
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reduce maxEnableTokens to 3 (from 8), which limits potential liquidation costs maxEnableTokens here is amount of token that are considered as collaterals in Credit Account. The higher value - higher potential liquidation costs.
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reduce minDebt to C…
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