Simple Summary

Gauntlet recommends the following risk parameter updates for the Arbitrum v3 USDC Native comet:

• Increase GMX Supply Cap from 100,000 to 120,000
• Increase GMX Liquidation Factor from 60% to 75%
• Increase GMX Collateral Factor from 50% to 60%
• Increase GMX Liquidation Penalty from 7% to 15%
• Increase WBTC Liquidation Factor from 77% to 85%
• Increase WBTC Collateral Factor from 70% to 75%
• Increase WBTC Liquidation Penalty from 5% to 8%

Gauntlet recommends the following risk parameter updates for the Arbitrum v3 USDC.e Comet:

• Increase WBTC Liquidation Penalty from 5% to 8%
• Increase GMX Liquidation Penalty from 7% to 15%

For more details, see the full forum post here.

Motivation

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

Full proposal and forum discussion

Specification

This proposal updates the relevant parameters in the Arbitrum v3 USDC Native and Arbitrum v3 USDC.e

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/241