Summary

This proposal reschedules the expiration date for the sunset of all Credit Accounts in v3.0 markets on Ethereum, applies non-zero limits to allow manual unwinds for specific tokens and switches deprecated rswETH feed.

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 premiums 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: 1770120000
  Date and time (GMT): Tuesday, February 3, 2026 12:00:00 PM

All liquidation parameters remain unchanged:

• Expired & standard liquidation fee: 0.01%
• Liquidation premiums: unchanged
• Expired liquidation premiums equal standard liquidation premiums

Markets and Credit Managers in Scope

• ETH Market (0xda0002859b2d05f66a753d8241fcde8623f26f4f)
  Farm WETH — 0x6dc0eb1980fa6b3fa89f5b29937b9baab5865b3e
  Restaking WETH — 0x50ba483272484fc5eebe8676dc87d814a11faef6
  Trade WETH Tier 1 — 0xa30099925b14b00b76ae2efe2639cd01598fe68a
  Trade WETH Tier 2 — 0x3f11758aca3f2eb7a27828c9cbcd0b347944ac14
  Trade WETH Tier 3 — 0x0b2486355e987586c32fc0feefe2943e396c484e

• wstETH Market (0xff94993fa7ea27efc943645f95adb36c1b81244b)
  wstETH Correlated Tier 1 — 0x4bf7481fdf7b67a8206254badc15480a55bb25ab
  wstETH Correlated Tier 2 — 0xd665774088c7936b65be0cbcf83aebe87cb10de7

• USDC Market (0xda00000035fef4082f78def6a8903bee419fbf8e)
  Farm USDC — 0x1d489ccd2b96908c0a80acbbdb2f1963ffed3384
  Trade USDC Tier 1 — 0x3eb95430fdb99439a86d3c6d7d01c3c561393556
  Trade USDC Tier 2 — 0xea7c28428d3916dbe2f113b8a6e6dd0f3819c050
  Trade USDC Tier 3 — 0x4e94cd228ef386ebc32900ec745d1865934688a3

• USDT Market (0x05a811275fe9b4de503b3311f51edf6a856d936e)
  Universal USDT Tier 1 — 0xe35eb22a349baba4f1a28a9cdba641d3b72c6203

• DAI Market (0xe7146f53dbcae9d6fa3555fe502648deb0b2f823)
  DAI Tier 1 — 0x4582411643f9bbe6c736ed2114eda856b1c9ed40

• GHO Market (0x4d56c9cba373ad39df69eb18f076b7348000ae09)
  GHO Tier 1 — 0x58c8e983d9479b69b64970f79e8965ea347189c9

• WBTC Market
  Trade WBTC Tier 1 — 0xefc134755aaf89fe84476946251680bece41246e
  Trade WBTC Tier 2 — 0xcac3e41b9bad20e2aa35e150de96eefb2d043735
  Trade WBTC Tier 3 — 0x46709ca16b1ffea5d6c6bb6b7e77dd9e3b4908ed

• tBTC Market
  Trade tBTC Tier 1 — 0x63fffbba4bcc1a2743186ff5cdf5145131cfb7fd
  tBTC Correlated Tier 1 — 0xc6d1c9d0f50e5a056713bc88891e3e1629ebd6bf
  tBTC Correlated Tier 2 — 0x2dd94ebdbabffed2bebd3ed039dd943334f55666

• crvUSD Market
  crvUSD Tier 1 — 0x629f097996a5fb606470974bda1c3b6abc4d6857

• DOLA Market
  DOLA Tier 1 — 0xf73dcfe24f5e4d290c79fea72169deb6873666ae

Limits

Non-zero limits are set for the following tokens to allow manual unwinds:

• Llamathena: 0xd29f8980852c2c76fc3f6e96a7aa06e0bedcc1b1
• RLUSD / USDC: 0xd001ae433f254283fece51d4acce8c53263aa186

Limit applied:

• USDC, DAI, GHO, USDT Pool: 4,000,000
  No other limits or parameters are modified.

Oracles

RswETH reserve feed is set to 0x7C879DBde7569F00c378Ca124046B9E1b31327F5 (Redstone-pull based), because the previously used chainlink-based feed was deprecated.

New chain activations

Transaction log

Txn log can be found here

Md5 checksums of market-related txs are: 338973074ce28564134d5a4b5f8b0a8b, 27a964aed7568261008b65bb7dd61797, 3a7003653f93a8d8f149fe10d0ee6de8.

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 0x936a2890add6a21be3e9aaa4393e4c4e5099cd0f92c9488bd23db7ea7b50576d implementing the described actions.
The messages were generated using the script create-gip-267-messages.sh and can be also found here