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Proposal

Executed

[COMPOUND] [Gauntlet] Rewards Contract Top-Up for Arb and IR Recs for USDT Mainnet and USDC Arbitrum Comets

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by

by

0x77c0f84E730c9121eEEa22a79F6181AE7...

0x77c0...d347

ID 883388...0741

ID 883388...0741

Proposed on: Aug 2nd, 2024

Proposed on: Aug 2nd, 2024

Result details
Final Votes

Quorum

20.3 of 1

Majority support

Yes

For

20.3

Against

0

Abstain

0

Actions

Function 1:

0x77c0f84E730c9121eEEa22a79F6181AE7643d3470x77c0...d347
Value:0

Proposal

Summary

Gauntlet recommends the following parameter changes:

  • Add additional COMP to the reward contracts of Arbitrum:
ChainReward Amount
Arbitrum13,000
  • IR Parameter adjsutments for the Arbitrum USDC and Ethereum USDT Comet
ParameterRecommended Value
Annual Borrow Interest Rate Base0.015
Annual Borrow Interest Rate Slope Low0.05
Borrow Kink0.9
Annual Borrow Interest Rate Slope High4
Annual Supply Interest Rate Base0
Annual Supply Interest Rate Slope Low0.052
Supply Kink0.9
Annual Supply Interest Rate Slope High3.6

For more details, see the full forum posts below:

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.

https://compound.finance/governance/proposals/294

Final Votes

Quorum

20.3 of 1

Majority support

Yes

For

20.3

Against

0

Abstain

0

Final Votes
Status

Fri Aug 2, 09:23 pm

Published onchain

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0x77c0...d347

Fri Aug 2, 09:23 pm

Voting period started

Sat Aug 3, 09:23 am

Voting period ended

Fri Feb 14, 05:59 pm

Proposal executed