Motivation

With over $1B in pre-deposits, Plasma it provides a robust foundation for protocols to establish early presence and capture meaningful TVL.

Gearbox has historically seen its strongest adoption in strategies like correlated leveraged farming. By activating an instance on Plasma, the DAO can position itself to benefit from this new ecosystem’s early momentum, tapping into its stablecoin liquidity and attracting new users who are seeking efficient leverage solutions.

Specification

It is proposed to activate Gearbox instance on Plasma with the following parameters: | Network | Chain ID | Wrapped Gas Token Address | GEAR address | Instance Owner | Financial Multisig | | ------- | -------- | ------------------------------------------ | ------------------------------------------ | ------------------------------------------ | ------------------------------------------ | | plasma | 9745 | 0x6100E367285b01F48D07953803A2d8dCA5D19873 | 0x0000000000000000000000000000000000000000 | 0x1E9ec044853611F4bCD4BBcFE7657508BD1c53D3 | 0xef78F5FfD8c6c5aa45bCAb7f4BA638B0A4fbc7A1 |

GEAR token address is set to zero on that chain as it is not present there.

Implementation

The GIP asks DAO to authorize Technical/Cross-Chain Multisig members to sign the pair of SafeTx (in TM) and CompactBatch (in CCM) messages to submit and execute the batch 0x6771a83989499ce95e17e6e661ecb4211192c4dcf80a8401ce7f846e6606d2d7 implementing the described actions.

The messages can be found here.