This proposal offers an increase of USDe limits in Gearbox pools. As you can see in the image below, the current Quota usage for USDe has reached maximum with the exception of newly launched pools USDT and GHO:
With the launch of the Ethena’s Season 2, seems demand for Ethena strategies will only increase.
Based on the above, it is proposed to increase the limit on USDe and borrowing limit for Tier 1 Credit Managers of each pool:
| Pool | Current Quota Limit | New Quota Limit | New Borrowing Limit for Tier 1 CM |
|---|---|---|---|
| USDC | 40M USDC | 80M USDC | 100M USDC |
| DAI | 5M DAI | 10M DAI | 20M DAI |
| GHO | 5M GHO | 10M GHO | 20M GHO |
| USDT | 5M USDT | 10M USDC | 20M USDC |
Technical Multisig can do Quota Limits and Borrowing Limit changes gradually or one-time at its own discretion.
Simple Approve/Reject