Proposals

Proposals

/

Proposal

Canceled

Risk Recommendations

Proposed by

User profile image

Gauntlet

Gauntlet

Proposal ID

291

Governor

Compound

Proposed

Jul 28th, 2024

Result details
Final Votes

Quorum

0 of 400K

Majority support

No

For

0

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x3d98...Cd3B

_setCollateralFactor(..)

Custom

Account

0x3d98...Cd3B

Method

_setCollateralFactor(..)

Custom

0x3d98...Cd3B

_setBorrowPaused(..)

Custom

Account

0x3d98...Cd3B

Method

_setBorrowPaused(..)

Custom

0x3d98...Cd3B

_setMarketBorrowCaps(..)

Custom

Account

0x3d98...Cd3B

Method

_setMarketBorrowCaps(..)

Custom

0x316f...36E3

updateAssetBorrowCollateralFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetBorrowCollateralFactor(..)

Proposal

Summary

Gauntlet recommends the following risk parameters for the listed assets:

AssetMarketCollateral FactorBorrow CapSupply CapPause Borrows
COMPEthereum v20%1N/ATrue
COMPEthereum USDC Comet0%N/A1N/A
USDCEthereum USDT Comet0%N/A1N/A

Analysis

Risk-off Liquidations

The recommended Collateral Factor decreases would not currently cause new liquidatable user positions on Ethereum v2 and USDC/USDT comets.

The below figure shows the top 4 highest borrowing user positions whose Health Factors are less than 1.17 (Borrow Usage greater than 85%) and become > 5% closer to becoming liquidatable after the Collateral Factor decreases.

Untitled - 2024-07-28T163935.887

Lowering the Borrow Caps and Supply Caps on v3 and v3 markets as a precautionary measure.

Final Votes

Quorum

0 of 400K

Majority support

No

For

0

Against

0

Abstain

0

Final Votes
Status

Sun Jul 28, 09:47 pm

Published onchain

User profile image

Gauntlet

Sat Aug 3, 08:13 am

Voting period started

Tue Aug 6, 01:55 am

Voting period ended

Tue Jul 30, 07:52 pm

Proposal canceled