Proposals

Proposals

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Proposal

Canceled

Risk Recommendations

User profile image

by

by

Gauntlet

Gauntlet

ID 291

ID 291

Compound

Compound

Proposed on: Jul 28th, 2024

Proposed on: 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(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

0x316f...36E3

updateAssetBorrowCollateralFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetBorrowCollateralFactor(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

0x1EC6...8779

Method

deployAndUpgradeTo(..)

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, 06:47 am

Voting period started

Tue Aug 6, 12:29 am

Voting period ended

Tue Jul 30, 07:52 pm

Proposal canceled