Proposals

Proposals

/

Proposal

Executed

Supply cap adjustments for USDe on Mainnet USDC and USDT Comets

Proposed by

User profile image

0x7B3c...cc33

0x7B3c...cc33

Proposal ID

550

Governor

Compound Governor

Proposed

Mar 9th, 2026

Result details
Final Votes

Quorum

669.92K of 400K

Majority support

Yes

For

669.92K

Against

0.12

Abstain

0.1

Actions

Type

Address

Details

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Proposal

Simple Summary

Gauntlet recommends the following supply cap adjustments to the protocol:

Supply Caps

StatusCometCollateralSupply Cap
CurrentMainnet USDCUSDe30,000,000
ProposedMainnet USDCUSDe15,000,000
CurrentMainnet USDTUSDe30,000,000
ProposedMainnet USDTUSDe15,000,000

Motivation

Since the initial listing parameter recommendations, the liquidity profile of USDe has changed on Mainnet. Onchain liquidity has declined over the last month with the main DEX pool (Fluid USDe/USDT) reducing by ~$30M.

Full details about these changes can be found below

https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-for-usde-on-mainnet-usdc-usdt-comets-2026-02-26/7662

Final Votes

Quorum

669.92K of 400K

Majority support

Yes

For

669.92K

Against

0.12

Abstain

0.1

Final Votes
Status

Mon Mar 9, 08:31 pm

Draft created

User profile image

0x7B3c...cc33

Mon Mar 9, 08:43 pm

Published onchain

User profile image

0x7B3c...cc33

Wed Mar 11, 06:28 pm

Voting period started

Fri Mar 13, 12:07 pm

Voting period extended

Sun Mar 15, 01:33 pm

Voting period ended

Sun Mar 15, 12:20 pm

Proposal queued

Tue Mar 17, 12:24 pm

Proposal executed