GIP-243 — Extend GEAR Incentives for the wstETH Lending Pool
Author
apeir99n
Summary
This proposal aims to extend GEAR rewards to the wstETH passive pool on Ethereum for next 6 months. The pool has shown strong organic growth and utilisation since launch. Removing incentives now could lead to a significant drop in TVL and reduce borrower capacity.
Motivation & Pool Performance
GIP-222 approved LM rewards on wstETH pool, which resulted in good traction metrics of this pool. The wstETH pool is currently one of the most successful on Gearbox:
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Supplied: ~$95M and steadily growing
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Utilization: consistently above 50% — indicating real borrower demand
📊 Pool stats show the wstETH pool playing a key role in leveraged LRT strategies. This proposal suggests keeping LM rewards at 10M GEAR per month for the next 6 months. It is worth noting here that P2P will also continue to incentivize both the passive side and the leveraged rstETH users.
Voting
Simple Approve/Reject
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xC4CA...43153B | 71.795M | For |
 0xf3D4...49d89E | 59.494M | For |
 0x6D52...ceA2d7 | 52.241M | For |
 0xAa16...056c17 | 40M | For |
 TokenLogic | 24.721M | For |
VOTE POWER
Proposal Status
- Tue June 17 2025, 12:51 pmVoting Period Starts
- Fri June 20 2025, 12:51 pmEnd Voting Period
Current Results
1-For
258.245M