Simple Summary

Gauntlet recommends the following risk recommendations to the protocol:

• Increase Mainnet V3 WETH Comet's tETH Supply cap from 4000 to 10,000
• Increase Mainnet V3 wstETH Comet's tETH Supply cap from 5000 to 10,000
• Increase Mainnet V3 USDT Comet’s sFRAX Supply Cap from 40M to 50M
• Increase Mainnet V3 WETH Comet’s cbBTC Supply Cap from 93 to 150
• Increase Optimism V3 USDT Comet’s wstETH Supply Cap from 800 to 1300
• Increase Optimism V3 USDC Comet’s WBTC Supply Cap from 100 to 130

Motivation

See full analysis below:

• tETH on WETH comet recommendation - [Gauntlet] - Supply Cap Recommendations
• tETH on wstETH, wstETH on USDT comet recommendation - [Gauntlet] - Supply Cap Recommendations
• sFRAX, cbBTC, WBTC recommendations - [Gauntlet] - Supply Cap Recommendations

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