[COMPOUND] [Gauntlet] BASE and Ethereum v3 WETH Comet IO Recommendations (2024-04-29)
Simple Summary
Gauntlet recommends the following incentive adjustments to WETH Comets on Ethereum and Base:
| Comets | Daily COMP Supply Rewards (Tokens) | Recommended Daily COMP Supply Rewards (Tokens) | Daily COMP Borrow Rewards (Tokens) | Recommended Daily COMP Borrow Rewards (Tokens) |
|---|---|---|---|---|
| Compound v3 WETH (Ethereum) | 70 | 70 | 0 | 20 |
| Compound v3 WETH (BASE) | 15 | 10 | 0 | 2 |
Motivation
Gauntlet recommends incentive adjustments to the WETH Comets in order to improve utilization of WETH within those Comets. Full proposal and forum discussion
Specification
This proposal updates the setBaseTrackingBorrowSpeed and setBaseTrackingSupplySpeed in the BASE and Ethereum v3 BASE Comet
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Off-Chain Vote
Against
1 HVAXVC7.1%
For
11 HVAXVC78.6%
Abstain
2 HVAXVC14.3%
Timeline
Apr 30, 2024Proposal created
May 02, 2024Proposal vote started
May 04, 2024Proposal vote ended
Apr 02, 2026Proposal updated