[ARFC] Gauntlet recommendation for WETH Uopt on Ethereum v3
Summary
A proposal to make parameter changes on Ethereum v3. For more details, see the full forum post here.
Motivation
AIP-306 to onboard sDAI also increased WETH Uopt from 80% to 90%. After analysis, Gauntlet recommends returning WETH Uopt to 80%. Currently, there may be insufficient WETH to facilitate liquidations during increased volatility - this proposal aims to increase the available WETH for liquidations should utilization for WETH be at Uopt = kink.
Specification
| Option | New WETH Uopt for Ethereum v3 |
|---|---|
| 1 | 0.8 |
| 2 | 0.85 |
| 3 | 0.9 (no change) |
Disclaimer: Gauntlet reserves the right to not move forward with any parameter changes recommended in Snapshot polls, if market conditions change meaningfully.
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.
Off-Chain Vote
Option 1: 0.8
195.1K AAVE27.3%
Option 2: 0.85
146.88K AAVE20.5%
Option 3: 0.9 (no change)
373.18K AAVE52.2%
Abstain
69.62 AAVE0%
Quorum:224%
Timeline
Sep 12, 2023Proposal created
Sep 13, 2023Proposal vote started
Sep 16, 2023Proposal vote ended
Jan 30, 2026Proposal updated