Summary
Gauntlet recommends delisting thBILL on Euler Arbitrum Yield. Demand for this vault has been weak and with the recent listing of thBILL on Euler Theo, it has become duplicative.
Description
thBILL on Euler Arbitrum Yield has seen minimal demand of late.
In contrast, the new listing of thBILL on Euler Theo has quickly grown much larger than the aforementioned listing.
Given this, we recommend delisting the Euler Arbitrum Yield version to increase capital efficiency and reduce possible risk surface.
Off-boarding Process
Gauntlet proposes off-boarding thBILL from Euler Arbitrum Yield, utilizing the following off-boarding process listed below:
- Set supply and borrow caps to 0 (to allow repayments and withdrawals only).
- Inform users about the off-boarding on public channels.
- Ramp down collateral LTVs on off-boarded vault to 0 over 30 days.
- Once the vault hits zero supply, it can be safely delisted from the UI.
Next Steps
- We welcome community feedback.