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MarcZeller proposed an Aavegotchi Request for Comment (ARFC) for a "GHST Polygon V3 “Soft Freeze”" in response to new risk parameters for GHST following the deprecation of the “Bonding Curve”. The proposal, supported by community members, aims to manage potential risks by disabling borrowing, reducing loan to value to 0%, and adjusting borrow and supply caps.
In the recent discussions, MarcZeller proposed an Aavegotchi Request for Comment (ARFC) titled "GHST Polygon V3 “Soft Freeze”". This proposal is in response to the new risk parameters for GHST, the native asset of the Aavegotchi ecosystem, following the deprecation of the “Bonding Curve”. The change has led to a new risk profile for the asset, which is expected to increase its volatility. The proposed “Soft Freeze” of the GHST asset on Aave V3 Polygon is intended to allow for a conservative reaction to this new risk profile. The proposal is in line with the “Direct-to-AIP” governance framework and will be escalated to AIP stage if it receives positive feedback from a risk service team. The proposed changes include disabling borrowing, reducing the loan to value to 0%, and adjusting the borrow and supply caps1.
The proposal has received support from community members such as ChaosLabs and Pauljlei from Gauntlet. They view the proposal as an immediate defensive solution that will allow for tracking and analyzing the GHST market with the coming changes in its risk profile. Pauljlei also mentioned that Gauntlet is continuing to analyze the market and will update the community if unfreezing becomes prudent3. This discussion signifies the community's proactive approach to managing the potential risks associated with the changes in the Aavegotchi ecosystem.
Posted 9 months ago
Last reply 9 months ago
Summary updated 2 months ago
Last updated 03/12 08:00