The discussion primarily revolved around the proposal by Gauntlet to reduce the LT and debt ceiling for CRV on Ethereum v3 and Polygon v3 due to declining DEX liquidity and other risk factors. The proposed changes for Ethereum v3 were to reduce CRV LT from 61% to 41% and the LTV from 55% to 35%. As of August 3, these changes would not cause any accounts to become liquidatable. The debt ceiling was also suggested to be reduced from $20m to $5m due to low usage. The proposal was supported by ChaosLabs and 0xkeyrock.eth, and it was decided to move directly to AIP on August 4th ^1,2,3.

Similarly, for Polygon v3, Gauntlet proposed to reduce CRV LT from 75% to 65% and the LTV from 70% to 35%. As of August 4, these changes would cause 4 accounts to be liquidatable. The plan was to combine the LT, LTV, and debt ceiling reduction on v3 Ethereum and Polygon in one AIP, and move directly to AIP on August 4th once ChaosLabs confirmed support for both recommendations⁴. ChaosLabs expressed their support, stating that it aligns with their strategy to incrementally reduce CRV LTs, which they started implementing on the V3 Polygon market a few weeks ago⁵.

The discussion concluded with Gauntlet announcing that the AIP has been deployed - AIP-288⁶. This marked the successful implementation of the proposed changes, reflecting the community's consensus on the need to adjust the LT, LTV, and debt ceiling for CRV on both Ethereum v3 and Polygon v3.