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Proposal

Executed

[Gauntlet] Risk Parameter Recommendations for LINK and UNI (Oct 2024) - Part Two

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by

by

0x7B3c54e17d618CC94daDFe7671c1e2F50...

0x7B3c...cc33

ID 368

ID 368

Compound

Compound

Proposed on: Nov 20th, 2024

Proposed on: Nov 20th, 2024

Votes

Actions

Type

Address

Details

Custom

0x316f...36E3

updateAssetBorrowCollateralFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetBorrowCollateralFactor(..)

Custom

0x316f...36E3

updateAssetLiquidateCollateralFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetLiquidateCollateralFactor(..)

Custom

0x316f...36E3

updateAssetLiquidationFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetLiquidationFactor(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x316f...36E3

updateAssetBorrowCollateralFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetBorrowCollateralFactor(..)

Custom

0x316f...36E3

updateAssetLiquidateCollateralFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetLiquidateCollateralFactor(..)

Custom

0x316f...36E3

updateAssetLiquidationFactor(..)

Custom

Account

0x316f...36E3

Method

updateAssetLiquidationFactor(..)

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 recommendations to the protocol:

  • Decrease USDT Ethereum Comet’s LINK Supply Cap from 2,000,000 to 500,000
  • Decrease USDT Ethereum Comet’s UNI Supply Cap from 3,000,000 to 1,300,000
  • Decrease USDT Ethereum Comet’s LINK Liquidation Factor from 85% to 79%
  • Decrease USDT Ethereum Comet’s LINK Collateral Factor from 79% to 73%
  • Increase USDT Ethereum Comet’s LINK Liquidation Penalty from 7% to 17%
  • Decrease USDT Ethereum Comet’s UNI Liquidation Factor from 81% to 74%
  • Decrease USDT Ethereum Comet’s UNI Collateral Factor from 75% to 68%
  • Increase USDT Ethereum Comet’s UNI LP from 15% to 17%

Motivation

This recommendation aims to review and adjust risk parameters for tail-risk assets across Comets.

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

Votes
Status