[GIP-233] Update csUSDL & DVstETH limits
Authors
Chaos Labs, desnake
Summary
It’s proposed to increase csUSDL limits in USDC and USDT pools and set DVstETH limit to 0 in wstETH pool on Mainnet.
Motivation
csUSDL has demonstrated strong growth across both the USDC and USDT pools, reaching 100% utilization in the USDC pool and 97% utilization in the USDT pool. DVstETH hasn’t gained any traction as collateral, so it’s proposed to cut its limit to focus on expanding rstETH usage.
Specification
USDC, USDT v3 Pools on Mainnet
| Asset | Recommended Quota Limit |
|---|---|
| csUSDL | 2,200,000 |
wstETH v3 Pool on Mainnet
| Asset | Recommended Quota Limit |
|---|---|
| DVstETH | 0 |
Authors
Chaos Labs, desnake
Summary
It’s proposed to increase csUSDL limits in USDC and USDT pools and set DVstETH limit to 0 in wstETH pool on Mainnet.
Motivation
csUSDL has demonstrated strong growth across both the USDC and USDT pools, reaching 100% utilization in the USDC pool and 97% utilization in the USDT pool. DVstETH hasn’t gained any traction as collateral, so it’s proposed to cut its limit to focus on expanding rstETH usage.
Specification
USDC, USDT v3 Pools on Mainnet
| Asset | Recommended Quota Limit |
|---|---|
| csUSDL | 2,200,000 |
wstETH v3 Pool on Mainnet
| Asset | Recommended Quota Limit |
|---|---|
| DVstETH | 0 |
| Note: zeroing the limit doesn’t impact existing positions, it only prohibits creating new ones. |
Transaction log
Txn log can be found here Md5 checksum is 27eec0845c2c578517e8c06f2ea17d33.
Execution
It’s proposed to sign the txn listed above by the Technical Multisig as soon as the quorum is gathered (contingent on winning choice being “For”). Txn will be timelocked for 36 hours to be executed dependent on the actual result of the vote after it ends.
This structure is proposed to be able to execute the increase as early as possible.
Transaction log
Txn log can be found here Md5 checksum is 27eec0845c2c578517e8c06f2ea17d33.
Execution
It’s proposed to sign the txn listed above by the Technical Multisig as soon as the quorum is gathered (contingent on winning choice being “For”). Txn will be timelocked for 36 hours to be executed dependent on the actual result of the vote after it ends.
This structure is proposed to be able to execute the increase as early as possible
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xf3D4...49d89E | 59.051M | For |
 0x6D52...ceA2d7 | 51.794M | For |
 0xeEEC...3665a3 | 51.775M | For |
 0xAa16...056c17 | 40M | For |
 0x81E8...Fd2c08 | 33.816M | For |
VOTE POWER
Proposal Status
- Fri April 11 2025, 10:15 amVoting Period Starts
- Mon April 14 2025, 10:15 amEnd Voting Period
Current Results
1-For
304.955M