Simple Summary
Gauntlet recommends the following adjustments to COMP incentives across comets. These adjustments are intended to encourage optimal utilization, lead to interest rate discovery, and optimize COMP spend across the protocol.
| Comet | Daily Borrow Incentive(in COMP) | Daily Supply Incentive(in COMP) |
|---|
| Arbitrum USDC | 15→10 | 20→14 |
| Arbitrum USDT | 15→11 | 15→11 |
| Arbitrum WETH | 5→2 | 3→1 |
| Base AERO | 8→4 | 3→1 |
| Base USDC | 7→4 | 13→9 |
| Base USDS | 12→9 | 24→15 |
| Ethereum USDC | 71→55 | 70→55 |
| Ethereum USDT | 50→30 | 70→30 |
Current spend is 522 COMP per day. We recommend reducing that by 140 COMP for a daily spend of 382 COMP. With the current COMP price at $25.19, this equates to ~$1.29M in emissions saved annually.
Motivation
Full proposal and forum discussions can be found in the following post.
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.xyz/tos
