Executed

[Gauntlet] Supply Cap Recommendations - Part 1 (10/24)


Proposal ID

355

Governor

Compound

Proposed

Oct 29th, 2024

Result details
Final Votes

Quorum

602.24K of 400K

Majority support

Yes

For

602.24K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x25ac...5fA1

sendMessage(..)

Custom

Account

0x25ac...5fA1

Method

sendMessage(..)

Custom

0x4Dbd...AB3f

createRetryableTicket(..)

Custom

Account

0x4Dbd...AB3f

Method

createRetryableTicket(..)

Custom

0x866E...0Afa

sendMessage(..)

Custom

Account

0x866E...0Afa

Method

sendMessage(..)

Proposal

Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Increase Optimism V3 WETH Comet’s weETH Supply Cap from 400 to 600.
  • Increase Arbitrum USDC Comet's ezETH supply cap from 500 to 1,400
  • Increase Arbitrum V3 WETH Comet’s ezETH Supply Cap from 6400 to 10240.
  • Increase Base V3 WETH Comet’s ezETH Supply Cap from 2000 to 3,200.
  • Increase Optimism V3 WETH Comet's ezETH supply cap from 2,400 to 3,200

Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets.

Full proposal and forum discussions can be found in October posts.

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

602.24K of 400K

Majority support

Yes

For

602.24K

Against

0

Abstain

0

Final Votes
Status

Tue Oct 29, 01:58 am

Published onchain

Sun Nov 3, 04:04 am

Voting period started

Tue Nov 5, 09:46 pm

Voting period ended

Sat Nov 2, 04:11 pm

Proposal queued

Mon Nov 4, 04:12 pm

Proposal executed