[COMPOUND] [Gauntlet] - wstETH v3 USDC Supply Cap (2024-09-20)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
- Increase USDC Mainnet Comet’s wstETH Supply Cap from 25,000 to 40,000
Motivation
This recommendation aims to increase supply caps for wstETH on USDC Mainnet Comet. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets.
Full proposal and forum discussions can be found here
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
Off-Chain Vote
Against
1 HVAXVC8.3%
For
9 HVAXVC75%
Abstain
2 HVAXVC16.7%
Timeline
Sep 24, 2024Proposal created
Sep 26, 2024Proposal vote started
Sep 28, 2024Proposal vote ended
Mar 26, 2026Proposal updated