Summary

Gauntlet recommends the following risk recommendations to the protocol:

• Increase Ethereum V3 USDT Comet’s cbBTC Supply Cap from 500 to 1,000.
• Increase Ethereum V3 USDC Comet’s tBTC Supply Cap from 285 to 570.

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.

• Jan 15
• Jan 21

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