Summary
Gauntlet recommends the following risk recommendations to the protocol:
- Increase Base V3 WETH Comet’s wrsETH Supply Cap from 230 to 700.
- Increase Base V3 USDC Comet’s wstETH Supply Cap from 1,400 to 3,000.
- Increase Base V3 USDC Comet’s cbBTC Supply Cap from 180 to 400.
- Increase Ethereum V3 USDT Comet’s LINK Supply Cap from 500,000 to 1,000,000.
- Increase Ethereum V3 WETH Comet’s weETH Supply Cap from 22,500 to 67,500.
- Increase Mainnet V3 USDC Comet’s wstETH Supply Cap from 40,000 to 50,000
- Increase Mainnet V3 USDT Comet’s sFRAX Supply Cap from 30M to 40M
- Increase Mainnet V3 USDT Comet’s WBTC Supply Cap from 1,400 to 1,800
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
