Author

apeir99n

Summary

This proposal presents a plan to support the growth of the wstETH pool on Gearbox by optimizing liquidity deployment and leveraging strategic partnerships. With Lido and P2P collaborating to build a staking and restaking-focused instance, we see a strong opportunity to enhance liquidity and adoption. To accelerate growth and establish Gearbox as a key player in this ecosystem, we propose: • Deploying DAO-owned 100 ETH into the wstETH pool to kickstart liquidity. • Incentivizing deposits with 10M GEAR/month over a 3-month period, aligning with Lido and P2P’s incentive programs.

Motivation

The wstETH pool is a joint initiative by Lido and P2P, designed to drive capital efficiency for staking and restaking strategies. Both teams have committed to providing incentives over three months, making this an ideal moment for Gearbox to reinforce its presence in the liquid staking sector. By offering GEAR incentives, we can attract liquidity providers and accelerate adoption. The proposed 10M/mo GEAR allocation is expected to generate ~2% additional yield for liquidity providers at a 10,000 ETH pool size.