Gauntlet Recommendation to reduce CRV LT, LTV, debt ceiling on V3 Ethereum and CRV LT, LTV on V3 Polygon

Summary

Gauntlet recommends reducing the LT and LTV for CRV on V3 Ethereum and Polygon, as well as the debt ceiling for CRV on V3 Ethereum. For more details, see the full forum post here.

Motivation

Given the declines in DEX liquidity for CRV and other associated risk factors for CRV, Gauntlet recommends reducing the LT and LTV for CRV on V3 Ethereum and Polygon, as well as the debt ceiling for CRV on v3 Ethereum.

Specification

• Reduce CRV LT from 61% to 41%, LTV from 55% to 35%, debt ceiling from $20m to $5m on V3 Ethereum.
• Reduce CRV LT from 75% to 65% and LTV from 70% to 35% on V3 Polygon.

Implementation

The proposal implements changes to CRV LT, LTV, and debt ceiling on V3 Ethereum and Polygon using the following pre-deployed payloads:

• Ethereum: 0x7aa759a57c6b039a93e93683facd14209ee9a3dd
• Polygon: 0xc12ad8b3d242b1eddc1c8319d1d58608e67043ed

Disclaimer

Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.

Copyright

Copyright and related rights waived via CC0.

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