[COMPOUND] [Gauntlet] - Arbitrum USDC - Risk, Incentive, and Interest Rate Curve Recommendations
Simple Summary
Gauntlet recommends the following parameter updates for the Arbitrum USDC comet:
Risk Recommendations
| Parameter | Current Value | Recommended Value |
|---|---|---|
| WETH Supply Cap | 10,000 | 40,000 |
| WETH Liquidation Factor | 85% | 90% |
| WETH Collateral Factor | 78% | 83% |
| WBTC Supply Cap | 1,200 | 2,000 |
Interest Rate Curve Recommendations
| Parameter | Current Value | Recommended Value |
|---|---|---|
| Annual Borrow Interest Rate Base | .015 | 0.0136 |
| Annual Borrow Interest Rate Slope Low | .0833 | 0.0626 |
| Borrow Kink | 0.9 | 0.9 |
| Annual Borrow Interest Rate Slope High | 4.3 | 4.3 |
| Annual Supply Interest Rate Base | 0 | 0 |
| Annual Supply Interest Rate Slope Low | .075 | 0.062 |
| Supply Kink | 0.9 | 0.9 |
| Annual Supply Interest Rate Slope High | 3.6 | 3.94 |
COMP Distribution Recommendations
| Parameter | Current Value | Recommended Value |
|---|---|---|
| Daily COMP Supply | 17 | 17 |
| Daily COMP Borrow | 8 | 50 |
Motivation
Gauntlet recommends updating the risk, incentive, and interest rate curve parameters in the Arbitrum USDC comet to further incentivize growth at higher utilization. Full proposal and forum discussion
Specification
The proposal updates the parameters 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.
Off-Chain Vote
Against
0 HVAXVC0%
For
9 HVAXVC100%
Abstain
0 HVAXVC0%
Timeline
Jul 16, 2024Proposal created
Jul 18, 2024Proposal vote started
Jul 20, 2024Proposal vote ended
Mar 26, 2026Proposal updated