Summary

Gauntlet recommends updating the interest rate curves for Stablecoin Comets.

Parameter	Recommended Value
Annual Borrow Interest Rate Base	.015
Annual Borrow Interest Rate Slope Low	.0333
Borrow Kink	.9
Annual Borrow Interest Rate Slope High	4.0
Annual Supply Interest Rate Base	0
Annual Supply Interest Rate Slope Low	.039
Supply Kink	.9
Annual Supply Interest Rate Slope High	3.6

This recommendation only includes the following Comets

• Optimism USDC
• Optimism USDT
• Polygon USDC.e
• Polygon USDT
• Base USDbC
• Base USDC
• Arbitrum USDC.e
• Arbitrum USDC
• Arbitrum USDT
• Scroll USDC

Motivation

Gauntlet recommends updating the interest rate curve parameters across all stablecoin comets to incentivize further growth and higher utilization. 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/317