Simple Summary

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

• Decrease UNI Supply Cap from 8,000,000 to 2,600,000
• Decrease UNI Liquidation Factor from 81% to 79%
• Decrease UNI Collateral Factor from 75% to 73%
• Increase UNI Liquidation Penalty from 15% to 17%

Motivation

Gauntlet recommends parameter updates for the Collateral Factor, Liquidation Factor, Supply Cap, and Liquidation Penalty across the Comet to mitigate risk and increase capital efficiency.

Full proposal and forum discussion

Specification

This proposal updates the relevant parameters in the 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/242