[COMPOUND] [Gauntlet] Interest Rate and Rewards Recommendation for WETH Comet on BASE (06/03/2024)
Simple Summary
Gauntlet recommends the IR Curve and Rewards Adjustments to BASE WETH Comet:
| Parameter | Current Value | Recommended Value |
|---|---|---|
| Annual Supply Interest Rate Base | 0 | 0 |
| Annual Supply Interest Rate Slope Low | .015 | 0.0115 |
| Supply Kink | .9 | .85 |
| Annual Supply Interest Rate Slope High | .9 | .8 |
| Annual Borrow Interest Rate Base | .005 | .006 |
| Annual Borrow Interest Rate Slope Low | .0155 | 0.0125 |
| Borrow Kink | .9 | .85 |
| Annual Borrow Interest Rate Slope High | 1 | .9 |
| Comets | Daily COMP Supply Rewards (Tokens) | Recommended Daily COMP Supply Rewards (Tokens) | Daily COMP Borrow Rewards (Tokens) | Recommended Daily COMP Borrow Rewards (Tokens) |
|---|---|---|---|---|
| Compound v3 WETH (BASE) | 10 | 6 | 2 | 2 |
Motivation
Gauntlet recommends adjusting the Interest Rate Curve in the BASE v3 WETH comet to increase utilization and prevent further negative reserve growth. Full proposal and forum discussion
Specification
The proposal updates the the supply/borrow per year interest rate high slope, and the borrow/supply per year interest rate low slope, borrow per year interest rate base, borrow/supply kink, setBaseTrackingBorrowSpeed and setBaseTrackingSupplySpeed by using the respective methods on the Configurator.
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Off-Chain Vote
Against
4 HVAXVC21.1%
For
13 HVAXVC68.4%
Abstain
2 HVAXVC10.5%
Timeline
Jun 04, 2024Proposal created
Jun 05, 2024Proposal vote started
Jun 07, 2024Proposal vote ended
Mar 26, 2026Proposal updated