Simple Summary

Gauntlet recommends the following risk parameter updates for the Optimism v3 USDC comet:

• Increase WETH Supply Cap from 1,600 to 2,600
• Increase OP Supply Cap from 700,000 to 1,400,000
• Increase WBTC Supply Cap from 60 to 100

Gauntlet recommends the following risk parameter updates for the Optimism v3 USDT comet:

• Increase WETH Supply Cap from 1,600 to 2,600
• Increase OP Supply Cap from 500,000 to 1,000,000
• Increase WBTC Supply Cap from 60 to 100

Motivation

Gauntlet recommends adjusting the risk parameters to increase capital efficiency within the Comet. Full proposal and forum discussion

Specification

The proposal updates the Supply Cap 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.

https://compound.finance/governance/proposals/281