[COMPOUND] [Gauntlet] USDC Comets - Interest Rate Curve & Reward Recommendations (3/18/24) - Part 2

Voting ended about 2 years agoSucceeded

Simple Summary

This is a proposal from Gauntlet to adjust the Incentives for v3 Comets USDC Ethereum and USDbC Base. This proposal is the 2nd part of our Interest Rate Curve & Reward Recommendations.

Markets	Daily COMP Supply Rewards (Tokens)	Daily COMP Borrow Rewards (Tokens)	Recommended Daily COMP Supply Rewards (Tokens)	Recommended Daily COMP Borrow Rewards (Tokens)
Compound III USDC (Ethereum)	257.4	100	151	71
Compound III USDbC (Base)	30	15	9	4

For more details, see the full forum post here.

Motivation

Given the rising demand for USDC borrowing and the maturity of existing USDC comets, Gauntlet proposes updating the IR borrow curves and incentives to increase capital efficiency. Full proposal and forum discussion

Specification

The proposal updates the base tracking borrow and supply speeds 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://compound.finance/governance/proposals/229

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Timeline

Mar 18, 2024Proposal created

Mar 20, 2024Proposal vote started

Mar 22, 2024Proposal vote ended

Apr 03, 2026Proposal updated