Summary

This proposal reschedules the expiration date for the sunset of all Credit Accounts in v3.0 markets on Ethereum.

The objective is to migrate all remaining activity to v3.1. Any Credit Account that does not migrate before the expiration date will be closed automatically. Liquidation profits (permium-execution loss) will be returned to users.

LPs are unaffected and may withdraw liquidity at any time.

Motivation

Continuing to support multiple protocol versions creates unnecessary operational overhead and limits the ability to focus on the more efficient and scalable v3.1 system.

In addition, Gearbox’s strategic shift toward becoming a neutral platform for building credit products is no longer compatible with maintaining a DAO-preferred curator - a role previously held by Chaos Labs.

Specification

Expiration

• New expiration timestamp for Credit Facades: 1771329600 Date and time (GMT): Tuesday, February 17, 2026 12:00:00 PM Liquidation fee after expiration = 0.01% Liquidation premium after expiration stays the same as current liquidation fee.

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

wstETH Market (0xff94...244b)

Credit Manager	Address
wstETH Correlated Tier 1	0x4bf7...25ab
wstETH Correlated Tier 2	0xd665...0de7

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
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

Prior to expiration, Credit Managers will be paused limiting liquidations to whitelisted addresses with the sole purpose of returning profits to account owners after that. After liquidations, they will be unpaused.

Transaction log

Txn log can be found here Md5 checksum is 77f56ae53a90d9114ca77ac15abd5bcb