[COMPOUND] [Gauntlet] - BASE and Ethereum v3 WETH Comet Risk Recommendations on (2024-04-29)
Simple Summary
Gauntlet Recommends to adjust the Store Front Price Factor for both WETH Comets on BASE and Ethereum:
- Decrease BASE WETH’s Store Front Price Factor from 100% to 70%.
- Decrease Ethereum WETH’s Store Front Price Factor from 100% to 70%.
Motivation
Gauntlet recommends reducing the StoreFrontPriceFactors for WETH Comets to 70%. Decreasing the Store Front Price Factor provides further reserve buffer to protocol during liquidation events. Full proposal and forum discussion
Specification
This proposal updates the setStoreFrontPriceFactor in the BASE and Ethereum v3 BASE Comet
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 HVAXVC7.1%
For
11 HVAXVC78.6%
Abstain
2 HVAXVC14.3%
Timeline
Apr 30, 2024Proposal created
May 02, 2024Proposal vote started
May 04, 2024Proposal vote ended
Apr 02, 2026Proposal updated