Executed

[Gauntlet] - Interest Rate Curve Recommendations (03/25)

Proposed by

Gauntlet

Proposal ID

422

Governor

Compound Governor

Proposed

Mar 25th, 2025

Quorum

990.41K of 400K

Majority support

Yes

For

990.41K

Against

2.23

Abstain

1.66

Actions

Type

Address

Details

Custom

Configurator

0x316f...36E3

setBorrowPerYearInterestRateSlopeLow(..)

Custom

Account

Configurator

0x316f...36E3

Method

setBorrowPerYearInterestRateSlopeLow(..)

Custom

Configurator

0x316f...36E3

setBorrowPerYearInterestRateSlopeHigh(..)

Custom

Account

Configurator

0x316f...36E3

Method

setBorrowPerYearInterestRateSlopeHigh(..)

Custom

Configurator

0x316f...36E3

setSupplyPerYearInterestRateSlopeLow(..)

Custom

Account

Configurator

0x316f...36E3

Method

setSupplyPerYearInterestRateSlopeLow(..)

Custom

Configurator

0x316f...36E3

setSupplyPerYearInterestRateSlopeHigh(..)

Custom

Account

Configurator

0x316f...36E3

Method

setSupplyPerYearInterestRateSlopeHigh(..)

Summary

Gauntlet proposes updating the Interest Rate (IR) curves for all Stablecoin Comets to better align with prevailing market rates. Specifically, we recommend decreasing the borrow APR at the kink from 6% to 5% for Stablecoin Comets.

The recommended curves are for the stablecoin comets:

Comet
Ethereum USDC
Ethereum USDT
Ethereum USDS
Arbitrum USDC Native
Arbitrum USDT
Base USDC Native
Optimism USDT
Optimism USDC
Polygon USDC
Polygon USDT
Scroll USDC

Parameter	Current Value	Recommended Value
Annual Borrow Interest Rate Base	0.015	0.015
Annual Borrow Interest Rate Slope Low	0.05	0.04166
Borrow Kink	0.9	0.9
Annual Borrow Interest Rate Slope High	3.4	3.475
Annual Supply Interest Rate Base	0	0
Annual Supply Interest Rate Slope Low	0.054	0.04725
Supply Kink	0.9	0.9
Annual Supply Interest Rate Slope High	3.084	3.0947

For AERO comet:

Parameter	Current Value	Recommended Value
Annual Borrow Interest Rate Base	0.04	0.022
Annual Borrow Interest Rate Slope Low	0.0706	0.0329
Borrow Kink	0.85	0.85
Annual Borrow Interest Rate Slope High	15	3.6667
Annual Supply Interest Rate Base	0	0
Annual Supply Interest Rate Slope Low	0.08	0.04
Supply Kink	0.85	0.85
Annual Supply Interest Rate Slope High	11	2.7733

Motivation

Gauntlet recommends updating the interest rate curve parameters across AERO and all Stablecoin comets to align with market demand. See the the full proposal and forum discussion here and here

Specification

The proposal updates the parameters by using the respective methods on the 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

Quorum

990.41K of 400K

Majority support

Yes

For

990.41K

Against

2.23

Abstain

1.66

Tue Mar 25, 06:48 pm

Published onchain

Gauntlet

Sun Mar 30, 06:53 am

Voting period started

Fri Mar 28, 09:13 pm

Voting period extended

Wed Apr 2, 01:08 pm

Voting period ended

Sun Mar 30, 09:30 pm

Proposal queued

Tue Apr 1, 09:32 pm

Proposal executed

[Gauntlet] - Interest Rate Curve Recommendations (03/25)

Result details

Final Votes

Proposal

Summary

Motivation

Specification

Final Votes

Final Votes

Status