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Proposal

Executed

[Gauntlet] BASE and Ethereum v3 WETH Comet IO Recommendations (2024-04-29)

User profile image

by

by

0x7B3c54e17d618CC94daDFe7671c1e2F50...

0x7B3c...cc33

ID 244

ID 244

Compound

Compound

Proposed on: Apr 30th, 2024

Proposed on: Apr 30th, 2024

Result details
Final Votes

Quorum

432.01K of 400K

Majority support

Yes

For

432.01K

Against

42.91

Abstain

0

Actions

Type

Address

Details

Custom

0x316f...36E3

setBaseTrackingSupplySpeed(..)

Custom

Account

0x316f...36E3

Method

setBaseTrackingSupplySpeed(..)

Custom

0x316f...36E3

setBaseTrackingBorrowSpeed(..)

Custom

Account

0x316f...36E3

Method

setBaseTrackingBorrowSpeed(..)

Custom

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

0x866E...0Afa

sendMessage(..)

Custom

Account

0x866E...0Afa

Method

sendMessage(..)

Proposal

Simple Summary

Gauntlet recommends the following incentive adjustments to WETH Comets on Ethereum and Base:

CometsDaily COMP Supply Rewards (Tokens)Recommended Daily COMP Supply Rewards (Tokens)Daily COMP Borrow Rewards (Tokens)Recommended Daily COMP Borrow Rewards (Tokens)
Compound v3 WETH (Ethereum)7070020
Compound v3 WETH (BASE)151002

Motivation

Gauntlet recommends incentive adjustments to the WETH Comets in order to improve utilization of WETH within those Comets. Full proposal and forum discussion

Specification

This proposal updates the setBaseTrackingBorrowSpeed and setBaseTrackingSupplySpeed in the BASE and Ethereum v3 BASE Comet

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.

Final Votes

Quorum

432.01K of 400K

Majority support

Yes

For

432.01K

Against

42.91

Abstain

0

Final Votes
Status

Tue Apr 30, 05:23 pm

Published onchain

User profile image

0x7B3c...cc33

Mon May 6, 04:14 pm

Voting period started

Thu May 9, 09:56 am

Voting period ended

Sun May 5, 07:37 am

Proposal queued

Tue May 7, 07:39 am

Proposal executed