Executed

[Gauntlet] Compound v2 Deprecation (10/07/2024)


Proposal ID

352

Governor

Compound

Proposed

Oct 21st, 2024

Result details
Final Votes

Quorum

897.73K of 400K

Majority support

Yes

For

897.73K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x3d98...Cd3B

_setCollateralFactor(..)

Custom

Account

0x3d98...Cd3B

Method

_setCollateralFactor(..)

Custom

0x3d98...Cd3B

_setCollateralFactor(..)

Custom

Account

0x3d98...Cd3B

Method

_setCollateralFactor(..)

Custom

0x3d98...Cd3B

_setCollateralFactor(..)

Custom

Account

0x3d98...Cd3B

Method

_setCollateralFactor(..)

Custom

0x3d98...Cd3B

_setCollateralFactor(..)

Custom

Account

0x3d98...Cd3B

Method

_setCollateralFactor(..)

Proposal

Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Decrease AAVE Collateral Factor from 18% to 8%
  • Decrease BAT Collateral Factor from 35% to 34%
  • Decrease LINK Collateral Factor from 28% to 26%
  • Decrease MKR Collateral Factor from 23% to 18%
  • Decrease SUSHI Collateral Factor from 17% to 12%
  • Decrease UNI Collateral Factor from 50% to 40%
  • Decrease YFI Collateral Factor from 20% to 10%
  • Decrease ZRX Collateral Factor from 10% to 0%
  • Decrease for WBTC Collateral Factor from 70% to 69%
  • Increase for WBTC Reserve Factor from 20% to 30%

Motivation

This recommendation aims to proceed with Compound v2 comet deprecation.

Full proposal and forum discussions can be found 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

Final Votes

Quorum

897.73K of 400K

Majority support

Yes

For

897.73K

Against

0

Abstain

0

Final Votes
Status

Mon Oct 21, 08:14 pm

Published onchain

Sat Oct 26, 09:32 pm

Voting period started

Tue Oct 29, 03:14 pm

Voting period ended

Sat Oct 26, 10:14 am

Proposal queued

Mon Oct 28, 10:16 am

Proposal executed