Executed

[Gauntlet] - IR Curve and Incentive Recommendations for Stablecoin and WETH Comets along with Rewards Top-up recommendations


Proposal ID

379

Governor

Compound

Proposed

Dec 10th, 2024

Result details
Final Votes

Quorum

581.14K of 400K

Majority support

Yes

For

581.14K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x3d98...Cd3B

_grantComp(..)

Custom

Account

0x3d98...Cd3B

Method

_grantComp(..)

Custom

0x4Dbd...AB3f

createRetryableTicket(..)

Custom

Account

0x4Dbd...AB3f

Method

createRetryableTicket(..)

Custom

0x3d98...Cd3B

_grantComp(..)

Custom

Account

0x3d98...Cd3B

Method

_grantComp(..)

Custom

0xc00e...6888

approve(..)

Custom

Account

0xc00e...6888

Method

approve(..)

Proposal

This proposal is part 2 of the recommendations posted here and includes COMP reward speed recommendations for Mainnet Comets. This proposal also bundles the previously proposed top up recommendations for Mainnet and Base Comets.

CometCurrent COMP Supply RewardsRecommended COMP Supply RewardsCurrent COMP Borrow RewardsRecommended COMP Borrow Rewards
Ethereum WETH35No Change205
Arbitrum WETH610155
Base WETH6No Change10
Optimism WETH10No Change50
Ethereum USDC70No Change7135
Ethereum USDT70No Change5025
Ethereum USDS25No Change255
Arbitrum USDC17205010
Arbitrum USDT7153510
Base USDC13No Change50
Polygon USDC8030
Polygon USDT8040
Optimism USDT5No Change50
Optimism USDC5No Change50
Scroll USDC6No Change20

Top-up amounts:

ChainReward Amount
Base4,950
Ethereum11,340

Motivation

For more details please see the full forum posts below:

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.

Motivation

Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the full proposal and forum discussion for more details.

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

581.14K of 400K

Majority support

Yes

For

581.14K

Against

0

Abstain

0

Final Votes
Status

Tue Dec 10, 06:09 pm

Published onchain

Sun Dec 15, 01:51 pm

Voting period started

Wed Dec 18, 07:33 am

Voting period ended

Sun Dec 15, 08:13 am

Proposal queued

Tue Dec 17, 08:15 am

Proposal executed