[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.

• Dec 03
• Dec 04
• Dec 05
• Dec 09

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