Gauntlet Recommendation to reduce CRV LT, LTV, debt ceiling on V3 Ethereum and CRV LT, LTV on V3 Polygon
Summary
Gauntlet recommends reducing the LT and LTV for CRV on V3 Ethereum and Polygon, as well as the debt ceiling for CRV on V3 Ethereum. For more details, see the full forum post here.
Motivation
Given the declines in DEX liquidity for CRV and other associated risk factors for CRV, Gauntlet recommends reducing the LT and LTV for CRV on V3 Ethereum and Polygon, as well as the debt ceiling for CRV on v3 Ethereum.
Specification
- Reduce CRV LT from 61% to 41%, LTV from 55% to 35%, debt ceiling from $20m to $5m on V3 Ethereum.
- Reduce CRV LT from 75% to 65% and LTV from 70% to 35% on V3 Polygon.
Implementation
The proposal implements changes to CRV LT, LTV, and debt ceiling on V3 Ethereum and Polygon using the following pre-deployed payloads:
- Ethereum:
0x7aa759a57c6b039a93e93683facd14209ee9a3dd - Polygon:
0xc12ad8b3d242b1eddc1c8319d1d58608e67043ed
Disclaimer
Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.
Copyright
Copyright and related rights waived via CC0.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x329c...543eD4 | 235,102 | YAE |
 0xB83b...Fbcf5C | 80,426 | YAE |
 0x13BD...138548 | 80,426 | YAE |
 Wintermute Governance | 44,091 | YAE |
 0x7AE1...22E585 | 26,666 | YAE |
VOTE POWER
Proposal Status
- Sat August 05 2023, 10:26 pmVoting Period Starts
- Tue August 08 2023, 02:57 pmEnd Voting Period
- Tue August 08 2023, 02:58 pmQueue Proposal
- Wed August 09 2023, 02:59 pmExecute Proposal
Current Results
1-YAE
505,740.4
2-NAY
N/A Tokens