Proposals

Proposals

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Proposal

Executed

L2 Supply Cap reductions for low demand Assets

Proposed by

User profile image

Gauntlet

Gauntlet

Proposal ID

561

Governor

Compound Governor

Proposed

Apr 3rd, 2026

Result details
Final Votes

Quorum

687.29K of 400K

Majority support

Yes

For

687.29K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

Bridge to Optimism

0x25ac...5fA1

sendMessage(..)

Custom

Account

Bridge to Optimism

0x25ac...5fA1

Method

sendMessage(..)

Custom

Bridge to Unichain

0x9A3D...98A6

sendMessage(..)

Custom

Account

Bridge to Unichain

0x9A3D...98A6

Method

sendMessage(..)

Proposal

Simple Summary

Gauntlet recommends the following supply cap adjustments to the protocol:

Supply Cap Recommendations

CometAssetSupply Cap
Optimism WETHUSDC15M → 7.5M
Optimism WETHUSDT10M → 5M
Optimism WETHWBTC60 → 30
Unichain WETHWBTC120 → 60

Rationale

The markets below have demonstrated low user demand over the past 30 days, with average supply cap utilization consistently staying below 1%. To reduce risk exposure to the protocol, we recommend lowering the supply caps for these markets by 50%. We note that cap reductions will not affect currently open positions.

CometAssetSupply Cap Utilization (average over last 30 days)
Optimism WETHUSDC0.09%
Optimism WETHUSDT0.01%
Optimism WETHWBTC0.03%
Unichain WETHWBTC0.01%

More details about this proposal can be found here

Final Votes

Quorum

687.29K of 400K

Majority support

Yes

For

687.29K

Against

0

Abstain

0

Final Votes
Status

Fri Apr 3, 01:33 pm

Published onchain

User profile image

Gauntlet

Sun Apr 5, 09:29 am

Voting period started

Wed Apr 8, 03:25 am

Voting period ended

Wed Apr 8, 03:30 am

Proposal queued

Fri Apr 10, 03:30 am

Proposal executed