Executed

[Gauntlet] Supply Cap Recommendations (12/09/24)

Proposed by

0x4D80...Ef4B

Proposal ID

380

Governor

Compound

Proposed

Dec 10th, 2024

Quorum

501.45K of 400K

Majority support

Yes

For

501.45K

Against

Abstain

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

0x866E...0Afa

sendMessage(..)

Custom

Account

0x866E...0Afa

Method

sendMessage(..)

[Gauntlet] Supply Cap Recommendations (12/09/24)

Summary

Gauntlet recommends the following risk recommendations to the protocol:

Increase Base V3 USDC Comet’s cbBTC Supply Cap from 90 to 180.
Increase Base V3 USDC Comet’s wstETH Supply Cap from 700 to 1400.
Increase Ethereum V3 USDC Comet’s LINK Supply Cap from 1,000,000 to 2,000,000
Increase Ethereum V3 USDC Comet’s cbBTC Supply Cap from 93 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 the following 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

Quorum

501.45K of 400K

Majority support

Yes

For

501.45K

Against

Abstain

Tue Dec 10, 06:15 pm

Published onchain

0x4D80...Ef4B

Sun Dec 15, 01:58 pm

Voting period started

Wed Dec 18, 07:40 am

Voting period ended

Sun Dec 15, 08:19 am

Proposal queued

Tue Dec 17, 08:21 am

Proposal executed