[COMPOUND] [Gauntlet] Optimism USDC Risk Recommendations - 06-17-24
Simple Summary
Gauntlet recommends the following risk parameter updates for the Optimism v3 USDC comet:
- Increase WBTC Liquidation Penalty from 5% to 10%
- Increase WBTC Supply Cap from 60 to 120
- Increase OP Supply Cap from 700,000 to 1,400,000
Motivation
Gauntlet recommends adjusting the risk parameters to increase capital efficiency within the Comet. Full proposal and forum discussion
Specification
The proposal updates the Supply Cap and Liquidation Factor by using the respective methods on the Configurator.
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Off-Chain Vote
Against
0 HVAXVC0%
For
14 HVAXVC100%
Abstain
0 HVAXVC0%
Timeline
Jun 18, 2024Proposal created
Jun 20, 2024Proposal vote started
Jun 22, 2024Proposal vote ended
Mar 26, 2026Proposal updated