[GIP-214] tETH quota limit increase
Author
Chaos Labs
Summary
Chaos Labs recommends increasing the Quota Limit on Gearbox for the following asset:
- tETH on Ethereum ETH V3
This recommendation was made utilizing our Quota Limit methodology, taking into account the oracle configuration on Gearbox.
Supply Growth
tETH
Over the last few days, tETH has grown to represent 15% of all quoted ETH on Gearbox Ethereum v3, and has reached 100% of its quota limit. tETH’s on-chain liquidity has decreased over time after a large increase back in January. With the implementation of a fundamental oracle that effectively isolates delta exposure, the risk associated with increasing the quota limit is significantly reduced, relative to the current tETH total supply and configured risk parameters. Therefore, we recommend raising the Quota Limit in the WETH market to 4,000 to support further growth.
Trade WETH v3 pool
tETH quota limit: 4000 WETH
Txn log
Txn log can be found here Md5 checksum is 62e6887a0178e0abcac59f54cadbd952
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xf3D4...49d89E | 59.051M | For |
 0x6D52...ceA2d7 | 51.894M | For |
 0xAa16...056c17 | 40M | For |
 0x81E8...Fd2c08 | 33.816M | For |
 0xdAb4...40a38D | 29.231M | For |
VOTE POWER
Proposal Status
- Tue February 18 2025, 12:13 pmVoting Period Starts
- Fri February 21 2025, 12:13 pmEnd Voting Period
Current Results
1-For
266.326M