[Gauntlet] - USDbC Deprecation Recommendations

Simple Summary

Gauntlet recommends updating the risk parameters and interest rate curve for the Base USDbC comet to expedite its deprecation.

Risk Recommendations

Asset Parameters

Asset	Parameter	Current Value	Recommended Value
WETH	Supply Cap	1100	0
	Collateral Factor	69%	45%
	Liquidation Factor	74%	64%
	Liquidation Penalty	5%	15%
cbETH	Supply Cap	350	0
	Collateral Factor	65%	45%
	Liquidation Factor	70%	60%
	Liquidation Penalty	15%	20%

Interest Rate Curve Recommendations

Parameter	Current Value	Recommended Value
Annual Borrow Interest Rate Base	0.025	0.05
Annual Borrow Interest Rate Slope Low	0.045	0.035294
Borrow Kink	0.9	0.85
Annual Borrow Interest Rate Slope High	6.0	3.466667
Annual Supply Interest Rate Base	0.0	0.0
Annual Supply Interest Rate Slope Low	0.025	0.02
Supply Kink	0.9	0.85
Annual Supply Interest Rate Slope High	4.3	0.886667

Motivation

Full proposal and forum discussions can be found in the following posts.

• [Gauntlet] Base USDbC Deprecation Recommendations (12/5/24)

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://tally.xyz/gov/compound/proposal/428