Gauntlet Market Update - 7/30/2023

Risk
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Gauntlet is looking into recent changes in CRV liquidity, as well as monitoring user positions for CRV.

The HF of DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker is 1.64, meaning CRV needs to go to 0.37 to trigger liquidation at the moment.

With the upcoming AIP, the LT is being lowered to 0.49, so the price at which a liquidation occurs is 0.415

We are looking into it and will let the community know of next steps. We welcome any thoughts from the community.

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Gauntlet recommends cancelling AIP 280 due to increased CRV volatility and CRV liquidity changes recently. Currently, AIP 280 will increase the effective liquidation price for CRV from 0.37 to 0.416 for 0x7a16ff8270133f063aab6c9977183d9e72835428 .

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As an update, AIP 280 has been canceled.

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Why was this proposal cancelled?