Summary

This proposal sets March 16, 2026 as the final sunset date for all v3.0 (legacy) Credit Accounts on Ethereum.

All Credit Accounts remaining open after this date will be liquidated automatically. Liquidation profits will be returned to account owners. LPs can withdraw liquidity at any time.

Amends GIP-279 which set Feb 27, 2026 as the expiration date.

Motivation

Gearbox DAO is transitioning from legacy onchain collateral markets to an RWA-first structure with tokenized assets.

As part of this shift:

• There is no longer dedicated risk oversight for legacy markets (previously managed by Chaos Labs)
• Operating these markets without proper risk supervision is not responsible
• The protocol is focusing resources on the new direction

Legacy pools are currently paused and will resume once quorum is reached on this proposal.

Specification

Expiration

• Expiration timestamp: 1773666000 (March 16, 2026 1:00:00 PM GMT)
• Liquidation fee after expiration: 0.01%
• Liquidation premium after expiration: same as current liquidation fee

Unpause

• Unpause affected CMs. Currently they are paused to avoid liquidations caused by Feb 27'th expiration.

Affected Credit Managers

ETH Market (0xda00...f4f)

Credit Manager	Address
Farm WETH	0x6dc0...5b3e
Restaking WETH	0x50ba...f4f6
Trade WETH Tier 1	0xa300...e68a
Trade WETH Tier 2	0x3f11...ac14
Trade WETH Tier 3	0x0b24...484e

USDC Market (0xda00...bf8e)

Credit Manager	Address
Farm USDC	0x1d48...3384
Trade USDC Tier 1	0x3eb9...3556
Trade USDC Tier 2	0xea7c...c050
Trade USDC Tier 3	0x4e94...88a3

USDT Market (0x05a8...936e)

Credit Manager	Address
USDT Tier 1	0xe35e...6203
Universal USDT Tier 1	0xe35e...6203

DAI Market (0xe714...d823)

Credit Manager	Address
DAI Tier 1	0x4582...ed40

GHO Market (0x4d56...ae09)

Credit Manager	Address
GHO Tier 1	0x58c8...89c9

WBTC Market

Credit Manager	Address
Trade WBTC Tier 1	0xefc1...246e
Trade WBTC Tier 2	0xcac3...3735
Trade WBTC Tier 3	0x4670...08ed

tBTC Market

Credit Manager	Address
Trade tBTC Tier 1	0x63ff...7fd
tBTC Correlated Tier 1	0xc6d1...d6bf
tBTC Correlated Tier 2	0x2dd9...5666

crvUSD Market

Credit Manager	Address
crvUSD Tier 1	0x629f...6857

DOLA Market

Credit Manager	Address
DOLA Tier 1	0xf73d...66ae

Execution

1. Optimistic execution: Once YES quorum is reached, transactions will be submitted to timelock immediately (without waiting for voting period to end)
2. Before expiration (around 11 AM GMT on March 16): Credit Managers will be paused to limit liquidations to whitelisted liquidators only
3. Liquidation profits will be returned to account owners

Transaction Log

Txn log can be found here Md5 checksum is a6ce03ee48bd8524e66cd3bff43be65d