Executed

[Gauntlet] - COMP Rewards Recommendations (Part - 1)


Proposal ID

442

Governor

Compound Governor

Proposed

May 21st, 2025

Result details
Final Votes

Quorum

604.58K of 400K

Majority support

Yes

For

604.58K

Against

0.71

Abstain

0.01

Actions

Type

Address

Details

Custom

Configurator

0x316f...36E3

setBaseTrackingSupplySpeed(..)

Custom

Account

Configurator

0x316f...36E3

Method

setBaseTrackingSupplySpeed(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

Configurator

0x316f...36E3

setBaseTrackingSupplySpeed(..)

Custom

Account

Configurator

0x316f...36E3

Method

setBaseTrackingSupplySpeed(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Proposal

Summary

Gauntlet would like to recommend adjustments to COMP rewards for both supply and borrow side across comets mentioned below.

CometCurrent COMP Supply RewardsRecommended COMP Supply RewardsCurrent COMP Borrow RewardsRecommended COMP Borrow Rewards
Base AERO3053010
Mantle USDe408No change
Mainnet USDS2512.55No Change
Mainnet wstETH864No Change
Optimism USDC52.554
Base WETH6303
Base USDC13No Change57
Base USDS15515No Change
Arbitrum USDC20No Change1015
Arbitrum USDT15No Change1015

Note :

  • The Base USDS recommendations will be implemented in part 2 of recommendations.
  • The COMP reward adjustments for Polygon are referred in an earlier recommendation (See below).

Motivation

This recommendation aims to adjust COMP rewards for various assets across multiple Comets. Gauntlet recommends to adjust COMP rewards to aide optimal utilization and lower COMP burn.

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

Final Votes

Quorum

604.58K of 400K

Majority support

Yes

For

604.58K

Against

0.71

Abstain

0.01

Final Votes
Status

Wed May 21, 04:04 pm

Published onchain

Sun May 25, 12:34 pm

Voting period started

Sat May 24, 11:14 am

Voting period extended

Wed May 28, 11:24 am

Voting period ended

Mon May 26, 11:45 am

Proposal queued

Mon Jun 2, 12:20 am

Proposal executed