[GIP-208] LP feeds bounds upgrade
AI summary
This proposal suggests updating the upper and lower price limits, known as bounds, for LP (Liquidity Provider) price feeds within the Gearbox protocol. These bounds are a security feature designed to prevent manipulation of asset prices. When an asset's actual price goes beyond these set limits, the system currently caps the reported value, which can lead to underpricing and a poor user experience.
If this proposal passes, the updated price bounds will ensure that LP assets are more accurately valued within the protocol, improving user experience by preventing artificial price caps. This is a routine maintenance update and does not involve treasury funds or significant protocol changes.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
LP price feeds on Gearbox have upper and lower bound to protect the protocol from manipulation attacks. However, when the underlying vault exceeds the upper bound, it can harm UX, as the price feed will return capped value, underpricing the asset, so it's needed to update bounds with some frequency. It's proposed to update upper and lower bound on LP price feeds.
Technical specification
Txn log is here Md5 checksum is e6807d140a99e84ad20acdff35497bc7