Executed

[Gauntlet] Supply Cap Recommendations (11/4/24)


Proposal ID

361

Governor

Compound

Proposed

Nov 5th, 2024

Result details
Final Votes

Quorum

548.61K of 400K

Majority support

Yes

For

548.61K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

0x25ac...5fA1

sendMessage(..)

Custom

Account

0x25ac...5fA1

Method

sendMessage(..)

Proposal

Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 220 to 440
  • Increase USDC Optimism wstETH supply cap from 600 to 1,000
  • Increase Base V3 USDC Comet’s cbBTC Supply Cap from 45 to 72.
  • Increase Mainnet WETH Comet's ezETH supply cap from 50,000 to 80,000
  • Increase Mainnet WETH Comet's rsETH supply cap from 5,000 to 10,000
  • Increase Optimism 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

548.61K of 400K

Majority support

Yes

For

548.61K

Against

0

Abstain

0

Final Votes
Status

Tue Nov 5, 04:05 am

Published onchain

Sun Nov 10, 05:16 am

Voting period started

Tue Nov 12, 10:58 pm

Voting period ended

Sat Nov 9, 06:12 pm

Proposal queued

Fri Nov 15, 04:23 am

Proposal executed