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[COMPOUND] [Gauntlet] 2023-02-26: Ethereum v3 USDC - targetReserves Recommendations

Voting ended about 2 years agoSucceeded

Simple Summary

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

Increase TargetReserves from 5M to 20M.

Motivation

Gauntlet recommends increasing the targetReserves in Ethereum v3 USDC from 5M to 20M in order to allow the buyCollateral function to successfully be called in the future even when the comet’s USDC reserves exceed 5M.

For more details, see the full forum post here.

Specification

This proposal updates the targetReserves in Ethereum v3 USDC comet

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/220

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Timeline

Feb 26, 2024Proposal created

Feb 28, 2024Proposal vote started

Mar 01, 2024Proposal vote ended

Apr 08, 2026Proposal updated