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:

• Supplied: ~$95M and steadily growing

• 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