Simple Summary

A proposal from Gauntlet to adjust 4 parameters for 4 Ethereum Compound v3 USDC assets.

Gauntlet recommends:

• Increase WETH supply cap from 350k tokens to 500k tokens.
• Increase WBTC supply cap from 12k tokens to 18k tokens.
• Increase UNI supply cap from 2.3M tokens to 6M tokens.
• Increase LINK supply cap from 1.25M tokens to 4M tokens.

For more details, see the full forum post here.

Motivation

In response to recent growth in the Ethereum Compound v3 USDC comet, Gauntlet recommends the above risk parameter changes to allow further protocol usage and growth.

Full proposal and forum discussion

Specification

This proposal updates supply cap on V3 Ethereum USDC market through updateAssetSupplyCap in Configurator.

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.