Summary

Gauntlet recommends the following risk recommendations to the protocol:

• Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 440 to 560.
• Increase Mainnet V3 USDT Comet’s sFRAX Supply Cap from 10,000,000 to 20,000,000.
• Increase Base V3 WETH Comet’s weETH Supply Cap from 2100 to 4200.
• Increase Base V3 USDC Comet’s cbBTC Supply Cap from 90 to 180.

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.

• Nov 26
• Nov 27

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