Summary

Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 8 of the overarching recommendations to be implemented. In this proposal we specifically target Polygon USDC and USDT comet's IR curves along with Scroll USDC comet's IR curves.

Stablecoin Comets

The recommended curves are for the following comets:

Comet
Ethereum USDC
Ethereum USDT
Ethereum USDS
Arbitrum USDC Native
Arbitrum USDT
Base USDC Native
Polygon USDC
Polygon USDT
Optimism USDT
Optimism USDC
Scroll USDC

Parameter	Current Value	Recommended Value
Annual Borrow Interest Rate Base	0.015	0.015
Annual Borrow Interest Rate Slope Low	0.0333	0.05
Borrow Kink	0.9	0.9
Annual Borrow Interest Rate Slope High	4	3.4
Annual Supply Interest Rate Base	0	0
Annual Supply Interest Rate Slope Low	0.039	0.054
Supply Kink	0.9	0.9
Annual Supply Interest Rate Slope High	3.6	3.034

Motivation

• Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the full proposal and forum discussion for more details.

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

https://compound.finance/governance/proposals/389