Simple Summary
Gauntlet recommends updating the risk parameters and interest rate curve for the Base USDbC comet to expedite its deprecation.
Risk Recommendations
Asset Parameters
| Asset | Parameter | Current Value | Recommended Value |
|---|
| WETH | Supply Cap | 1100 | 0 |
| Collateral Factor | 69% | 45% |
| Liquidation Factor | 74% | 64% |
| Liquidation Penalty | 5% | 15% |
| cbETH | Supply Cap | 350 | 0 |
| Collateral Factor | 65% | 45% |
| Liquidation Factor | 70% | 60% |
| Liquidation Penalty | 15% | 20% |
Interest Rate Curve Recommendations
| Parameter | Current Value | Recommended Value |
|---|
| Annual Borrow Interest Rate Base | 0.025 | 0.05 |
| Annual Borrow Interest Rate Slope Low | 0.045 | 0.035294 |
| Borrow Kink | 0.9 | 0.85 |
| Annual Borrow Interest Rate Slope High | 6.0 | 3.466667 |
| Annual Supply Interest Rate Base | 0.0 | 0.0 |
| Annual Supply Interest Rate Slope Low | 0.025 | 0.02 |
| Supply Kink | 0.9 | 0.85 |
| Annual Supply Interest Rate Slope High | 4.3 | 0.886667 |
Motivation
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
