Summary

This proposal initiates the sunset of all Credit Accounts in v3.0 markets on Ethereum. The objective is to migrate all remaining activity to v3.1. Any Credit Account that does not migrate before the expiration date will be closed automatically. Liquidation premiums will be returned to users.

LPs are unaffected and may withdraw liquidity at any time.

Motivation

Continuing to support multiple protocol versions creates unnecessary operational overhead and limits the ability to focus on the more efficient and scalable v3.1 system.

In addition, Gearbox’s strategic shift toward becoming a neutral platform for building credit products is no longer compatible with maintaining a DAO-preferred curator - a role previously held by Chaos Labs.

Specification

Proposed Actions

• Expiration timestamp for Credit Facades: 1766750400
• Expired & standard liquidation fee set to: 0.01%
• Liquidation premium for all affected CMs is unchanged Expired liquidation premiums are set equal to standard liquidation premiums

Markets and Credit Managers in Scope

ETH Market (0xda0002859b2d05f66a753d8241fcde8623f26f4f)

Farm WETH — 0x6dc0eb1980fa6b3fa89f5b29937b9baab5865b3e Restaking WETH — 0x50ba483272484fc5eebe8676dc87d814a11faef6 Trade WETH Tier 1 — 0xa30099925b14b00b76ae2efe2639cd01598fe68a Trade WETH Tier 2 — 0x3f11758aca3f2eb7a27828c9cbcd0b347944ac14 Trade WETH Tier 3 — 0x0b2486355e987586c32fc0feefe2943e396c484e

wstETH Market (0xff94993fa7ea27efc943645f95adb36c1b81244b)

wstETH Correlated Tier 1 — 0x4bf7481fdf7b67a8206254badc15480a55bb25ab wstETH Correlated Tier 2 — 0xd665774088c7936b65be0cbcf83aebe87cb10de7

USDC Market (0xda00000035fef4082f78def6a8903bee419fbf8e)

Farm USDC — 0x1d489ccd2b96908c0a80acbbdb2f1963ffed3384 Trade USDC Tier 1 — 0x3eb95430fdb99439a86d3c6d7d01c3c561393556 Trade USDC Tier 2 — 0xea7c28428d3916dbe2f113b8a6e6dd0f3819c050 Trade USDC Tier 3 — 0x4e94cd228ef386ebc32900ec745d1865934688a3

USDT Market (0x05a811275fe9b4de503b3311f51edf6a856d936e)

Universal USDT Tier 1 — 0xe35eb22a349baba4f1a28a9cdba641d3b72c6203

DAI Market (0xe7146f53dbcae9d6fa3555fe502648deb0b2f823)

DAI Tier 1 — 0x4582411643f9bbe6c736ed2114eda856b1c9ed40

GHO Market (0x4d56c9cba373ad39df69eb18f076b7348000ae09)

GHO Tier 1 — 0x58c8e983d9479b69b64970f79e8965ea347189c9

WBTC Market

Trade WBTC Tier 1 — 0xefc134755aaf89fe84476946251680bece41246e Trade WBTC Tier 2 — 0xcac3e41b9bad20e2aa35e150de96eefb2d043735 Trade WBTC Tier 3 — 0x46709ca16b1ffea5d6c6bb6b7e77dd9e3b4908ed

tBTC Market

Trade tBTC Tier 1 — 0x63fffbba4bcc1a2743186ff5cdf5145131cfb7fd tBTC Correlated Tier 1 — 0xc6d1c9d0f50e5a056713bc88891e3e1629ebd6bf tBTC Correlated Tier 2 — 0x2dd94ebdbabffed2bebd3ed039dd943334f55666

crvUSD Market

crvUSD Tier 1 — 0x629f097996a5fb606470974bda1c3b6abc4d6857

DOLA Market

DOLA Tier 1 — 0xf73dcfe24f5e4d290c79fea72169deb6873666ae

Txn log

Md5 checksum is 3b2229afcc2a0201bdb0bb32323a7120 Txn log can be found here