sendMessage(address,bytes,uint32)setBaseTrackingSupplySpeed(address,uint64)setBaseTrackingBorrowSpeed(address,uint64)deployAndUpgradeTo(address,address)# BASE Comet USDbC IO Recommendations (2024-05-14)
## Summary
Gauntlet recommends the following adjustments to the USDbC Comet incentives:
- Decrease Daily COMP Supply Rewards from 9 to 0.
- Decrease Daily COMP Borrow Rewards from 4 to 0.
## Motivation
Gauntlet recommends reduction of incentives to the USDbC Comet. USDbC has been experiencing a decline in circulating supply and market share to the Native USDC token on BASE. Also, the recent BASE incentives to USDC liquidity markets has caused an outflow of supply and borrows from the USDbC Comet. [Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-base-comet-usdbc-io-risk-recommendations-2024-08-09/5244)
## Specification
This proposal updates the setBaseTrackingBorrowSpeed and setBaseTrackingSupplySpeed in the USDbC v3 Comet on BASE.
*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.*
_grantComp(address,uint256)transfer(address,uint256)acceptOwnership()acceptOwnership()acceptOwnership()# Aera for Compound Service Provider Payments
**Simple summary**
We propose a standard payment process to be followed by all service vendors of the Compound DAO. This new process utilizes on-chain protocols, Aera Vault and LlamaPay, to setup long-term payment streams in USDC that reduces both price-risk for vendors and governance overhead for DAO voters. This has the added benefit of improving the financial position of the DAO treasury allocated to future service costs by supplying liquidity to cUSDCv3 that earns additional yield.
We propose using an Aera vault as a mechanism for vendors to receive payments in stablecoins while also providing liquidity for key Compound markets for unvested payment streams. Specifically we propose:
1. Creating an Aera vault owned by Compound Governance that deposits a lump sum of COMP based on current annual expense needs plus an additional buffer to hedge for price fluctuations
2. The Aera vault will diversify out of COMP and into USDC using onchain vehicles like UniV3, Bebop, and Milkman
3. USDC will be deposited into the Compound III ETH-USDC comet as cUSDCv3 to generate yield on the holdings while providing liquidity to the market
4. Payment streams will be set up per vendor that uses the Aera vault as a source and the Vendor’s multisig as a sink transferring USDC to meet Compound vendor payment obligations.
5. On a yearly cadence the Aera vault will be topped up with COMP via Compound governance.
This proposal will enable the first three steps by initializing an Aera vault and funding it with COMP. Payment streams to vendors will be initiated through future proposals.
This is a non custodial vault, where the Compound Governor Bravo Timelock is the owner of the vault (and thus governance votes can initiate withdraw/deposit requests at any time). Gauntlet will be the guardian for this vault.
[Full forum post](https://www.comp.xyz/t/proposal-aera-for-compound-service-provider-payments/5226/1)
****************************Specification****************************
This proposal will:
1. acceptOwnership of the Aera vault, hooks module, and asset registry
2. \_grantComp to the Compound Timelock address
3. transfer COMP to the vault
4. resume the vault, allowing the guardian to operate
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)updateAssetLiquidationFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)deployAndUpgradeTo(address,address)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Arbitrum v3 - Risk Recommendations (2024-04-15)
## 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](https://www.comp.xyz/t/arbitrum-v3-risk-recommendations-04-09-2024/5155).
# 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](https://www.comp.xyz/t/arbitrum-v3-risk-recommendations-04-09-2024/5155)
# 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.*
_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)# [Gauntlet] Compound v2 Deprecation Phase 11 (2024-04-15)
## Simple Summary
For Phase 11 of the Compound v2 deprecation, Gauntlet recommends decreasing the Collateral Factor for v2 collateral assets. Specifically, Gauntlet recommends the following changes:
- Decrease **AAVE Collateral Factor** from 38% to **33%**
- Decrease **BAT Collateral Factor** from 45% to **40%**
- Decrease **COMP Collateral Factor** from 25% to **20%**
- Decrease **LINK Collateral Factor** from 44% to **39%**
- Decrease **MKR Collateral Factor** from 38% to **33%**
- Decrease **SUSHI Collateral Factor** from 32% to **27%**
- Decrease **UNI Collateral Factor** from 75% to **70%**
- Decrease **YFI Collateral Factor** from 40% to **35%**
- Decrease **ZRX Collateral Factor** from 30% to **25%**
For more details, see the full forum post [here](https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-phase-11-04-12-2024/5163).
## Motivation
In this September 2022 snapshot vote, the community voted that each asset’s Collateral Factor may be reduced by an absolute percentage of up to 5%. After our analysis, Gauntlet recommends this max 5% decrease for each stated collateral asset in order to further deprecate the v2 market.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-phase-11-04-12-2024/5163)
## Specification
The proposal updates the parameters using the _setCollateralFactor method of the relevant cToken contracts.
<sub>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.<sub>
sendMessage(address,bytes,uint32)setBaseTrackingSupplySpeed(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Base V3 WETH Comets - Interest Rate Curve & Reward Recommendations (04/01/24)
## Simple Summary
A proposal from Gauntlet to adjust IR Curve and Incentives to Compound III WETH (BASE):
| Markets | Daily COMP Supply Rewards (Tokens) | Recommended Daily COMP Supply Rewards (Tokens) |
| ------------------------ | ---------------------------------- | ---------------------------------------------- |
| Compound III WETH (BASE) | 20 | 15 |
| Parameter | Current Value |Recommended Value |
|-----------------------------------------|-------------------|-------------------|
| Annual Supply Interest Rate Base | 0 |0 |
| Annual Supply Interest Rate Slope Low | .025 |.015 |
| Supply Kink | .9 |.9 |
| Annual Supply Interest Rate Slope High | 1 | .9 |
| Annual Borrow Interest Rate Base | .005 | .005 |
| Annual Borrow Interest Rate Slope Low | .035 |.0155 |
| Borrow Kink | .9 |.9|
| Annual Borrow Interest Rate Slope High | 1 |1|
## Motivation
Given the low utilization of the WETH Comet on BASE, Gauntlet proposes updating the IR curves and incentives to increase capital efficiency.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-base-v3-weth-comets-interest-rate-curve-reward-recommendations-3-18-24/5072)
## Specification
The proposal updates the base tracking supply speeds, the supply per year interest rate high slope, and the borrow/supply per year interest rate low slope 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.***
sendMessageToChild(address,bytes)updateAssetLiquidationFactor(address,address,uint64)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Polygon USDC.e Risk Recommendations (04/01/2024)
# Simple Summary
Gauntlet recommends the following risk parameter updates for the Polygon **v3 USDC.e comet**:
- Increase WBTC Liquidation Factor from 75% to 85%
- Increase WBTC Collateral Factor from 70% to 75%
- Increase WBTC Liquidation Penalty from 5% to 10%
- Increase MATIC Liquidation Factor from 70% to 80%
- Increase MATIC Liquidation Penalty from 7% to 10%
- Increase stMATIC Liquidation Penalty from 15% to 20%
- Increase MATICx Liquidation Penalty from 15% to 20%
- Increase WETH Liquidation Factor from 82.5% to 85%
- Increase WETH Collateral Factor from 77.5% to 80%
For more details, see the full forum post [here](https://www.comp.xyz/t/gauntlet-polygon-usdc-e-risk-recommendations-03-25-2024/5102).
# Motivation
Gauntlet recommends the following risk parameters improve capital efficiency on the protocol and manage risk exposure to the Comet.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-polygon-usdc-e-risk-recommendations-03-25-2024/5102)
# Specification
This proposal updates the relevant parameters in the Polygon v3 USDC.e 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.*
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)sendMessage(address,bytes,uint32)updateAssetLiquidationFactor(address,address,uint64)setStoreFrontPriceFactor(address,uint64)deployAndUpgradeTo(address,address)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)setStoreFrontPriceFactor(address,uint64)deployAndUpgradeTo(address,address)updateAssetLiquidationFactor(address,address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] 2024-02-19: BASE v3 & Arbitrum v3 - Risk Recommendations
# Simple Summary
Gauntlet recommends the following risk parameter updates for the **Arbitrum v3 USDC Native comet**:
- Increase GMX Supply Cap from 50,000 to 100,000
- Increase GMX Liquidation Factor from 45% to 60%
- Increase GMX Collateral Factor from 40% to 50%
- Increase ARB Supply Cap from 8,000,000 to 16,000,000
- Increase ARB Liquidation Factor from 60% to 80%
- Increase ARB Collateral Factor from 55% to 70%
- Increase ARB Liquidation Penalty from 7% to 10%
- Decrease Store Front Price Factor from 80% to 60%
- Increase WETH Supply Cap from 5,000 to 10,000
Gauntlet recommends the following risk parameter updates for the **Arbitrum v3 USDC.e comet**:
- Increase ARB Liquidation Penalty from 7% to 10%
- Decrease Comet Market Store Price Factor from 80% to 60%
Gauntlet recommends the following risk parameter update for the **Base v3 USDbC comet**:
- Increase cbETH Liquidation Penalty from 7% to 15%
For more details, see the full forum post [here](https://www.comp.xyz/t/gauntlet-base-v3-arbitrum-v3-risk-recommendations-02-09-2024/4981).
# Motivation
Gauntlet recommends parameter updates for the Collateral Factor, Liquidation Factor, Supply Cap, Liquidation Penalty, and Store Front Price Factor across three Comets to mitigate risk and increase capital efficiency.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-base-v3-arbitrum-v3-risk-recommendations-02-09-2024/4981)
# Specification
This proposal updates the relevant parameters in the Arbitrum v3 USDC Native, Arbitrum v3 USDC.e, and Base v3 USDbC comets
*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.*
updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Ethereum v3 USDC - Risk Recommendations (02/19/2024)
# Simple Summary
Gauntlet recommends the following risk parameter updates for the Ethereum v3 USDC comet:
**UNI**
- Increase UNI Liquidation Penalty from 7% to 15%
- Increase UNI Supply Cap from 6,000,000 to 8,000,000
**WBTC**
- Increase WBTC Liquidation Factor from 77% to 85%.
- Increase WBTC Collateral Factor from 70% to 80%.
For more details, see the full forum post [here](https://www.comp.xyz/t/gauntlet-ethereum-v3-usdc-risk-recommendations-02-14-2024/4991).
# Motivation
Gauntlet recommends increasing UNI’s supply cap and liquidation penalty and WBTC's liquidation factor to balance risk management and capital efficiency.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ethereum-v3-usdc-risk-recommendations-02-14-2024/4991)
# Specification
This proposal updates the relevant parameters in the Ethereum v3 USDC 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.*
setBorrowPerYearInterestRateBase(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)sendMessageToChild(address,bytes)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)# 2023-12-24: Ethereum v3 USDC, Polygon v3 USDC.e - Interest Rate Curves
[Gauntlet] 2023-12-24: Ethereum v3 USDC, Polygon v3 USDC.e - Interest Rate Curve Recommendations
Simple Summary
A proposal from Gauntlet to adjust five Interest Rate (IR) Curve parameters in the Ethereum v3 USDC comet and four IR Curve parameters in the Polygon v3 USDC.e comet.
Gauntlet recommends the following IR Curve updates in the Ethereum v3 USDC comet:
- Raise **Annual Borrow Interest Rate Base** from 0.01 to **0.015**
- Raise **Annual Borrow Interest Rate Slope Low** from 0.0333 to **0.0484**
- Raise **Annual Borrow Interest Rate Slope High** from 1.5 to **3.9**
- Raise **Annual Supply Interest Rate Slope Low** from 0.034 to **0.048**
- Raise **Annual Supply Interest Rate Slope High** from 1.5 to **3.4**
Gauntlet recommends the following IR Curve updates in the Polygon v3 USDC.e comet:
- Raise **Annual Borrow Interest Rate Slope Low** from 0.04 to **0.053**
- Raise **Annual Borrow Interest Rate Slope High** from 0.7 to **1.8**
- Raise **Annual Supply Interest Rate Slope Low** from 0.04 to **0.048**
- Raise **Annual Supply Interest Rate Slope High** from 0.65 to **1.6**
For more details, see the full forum post here.
### Motivation
Gauntlet recommends adjusting the Ethereum v3 USDC and Polygon v3 USDC.e Interest Rate Curves to ensure that Borrow APR at the kink in all USDC comets is 6% and max Borrow APR in all USDC comets is > 30%.
Full proposal and forum discussion
### Specification
The proposal updates the IR curve parameters by using the respective methods in 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.
setBorrowPerYearInterestRateBase(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)sendMessageToChild(address,bytes)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] 2023-12-24: Ethereum v3 USDC, Polygon v3 USDC.e - Interest Rate Curve Recommendations
## Simple Summary
A proposal from Gauntlet to adjust five Interest Rate (IR) Curve parameters in the Ethereum v3 USDC comet and four IR Curve parameters in the Polygon v3 USDC.e comet.
Gauntlet recommends the following IR Curve updates in the Ethereum v3 USDC comet:
* Raise **Annual Borrow Interest Rate Base** from 0.01 to **0.015**
* Raise **Annual Borrow Interest Rate Slope Low** from 0.0333 to **0.0484**
* Raise **Annual Borrow Interest Rate Slope High** from 1.5 to **3.9**
* Raise **Annual Supply Interest Rate Slope Low** from 0.034 to **0.048**
* Raise **Annual Supply Interest Rate Slope High** from 1.5 to **3.4**
Gauntlet recommends the following IR Curve updates in the Polygon v3 USDC.e comet:
* Raise **Annual Borrow Interest Rate Slope Low** from 0.04 to **0.053**
* Raise **Annual Borrow Interest Rate Slope High** from 0.7 to **1.8**
* Raise **Annual Supply Interest Rate Slope Low** from 0.04 to **0.048**
* Raise **Annual Supply Interest Rate Slope High** from 0.65 to **1.6**
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-ethereum-v3-usdc-polygon-v3-usdc-e-interest-rate-curve-recommendations-12-21-23/4906 ).
## Motivation
Gauntlet recommends adjusting the Ethereum v3 USDC and Polygon v3 USDC.e Interest Rate Curves to ensure that Borrow APR at the kink in all USDC comets is 6% and max Borrow APR in all USDC comets is > 30%.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ethereum-v3-usdc-polygon-v3-usdc-e-interest-rate-curve-recommendations-12-21-23/4906)
## Specification
The proposal updates the IR curve parameters by using the respective methods in 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.*
_setCompSpeeds(address[],uint256[],uint256[])# [Gauntlet] 2023-12-24: Compound v2 Deprecation (Phase 6)
## Simple Summary
A proposal from Gauntlet to adjust two Compound v2 reward distributions for Phase 6 of the Compound v2 Deprecation.
Gauntlet recommends the following v2 reward updates:
* Decrease **Daily COMP DAI Supply Rewards** from 111.20 to **25**
* Decrease **Daily COMP DAI Borrow Rewards** from 111.20 to **25**
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-phase-6-12-4-23/4860 ).
## Motivation
Given the current COMP price of $58, these changes would save the protocol $3.65M/year in COMP tokens, while aiming to eliminate the remaining DAI recursive borrowers from v2.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-phase-6-12-4-23/4860)
## Specification
The proposal updates the parameters using the `_setCompSpeeds` method of the Comptroller contract.
*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.*
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)sendMessage(address,bytes,uint32)setBorrowKink(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyKink(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)setBorrowKink(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyKink(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)setBorrowKink(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyKink(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] 2023-12-15: Arbitrum v3 USDC Native, Arbitrum v3 USDC.e, & Base v3 USDbC - Interest Rate Curve Recommendations
## Simple Summary
A proposal from Gauntlet to adjust six Interest Rate (IR) Curve parameters in each of the Arbitrum v3 USDC Native, Arbitrum v3 USDC.e, & Base v3 USDbC comets.
Gauntlet recommends the following IR Curve updates in each comet:
* Raise **Annual Borrow Interest Rate Slope Low** from 0.035 to **0.053**
* Raise **Borrow Kink** from 0.8 to **0.85**
* Raise **Annual Borrow Interest Rate Slope High** from 0.25 to **1.8**
* Raise **Annual Supply Interest Rate Slope Low** from 0.0325 to **0.048**
* Raise **Supply Kink** from 0.8 to **0.85**
* Raise **Annual Supply Interest Rate Slope High** from 0.4 to **1.6**
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-arbitrum-v3-usdc-native-arbitrum-v3-usdc-e-base-v3-usdbc-interest-rate-curve-recommendations-12-13-23/4893 ).
## Motivation
Gauntlet recommends adjusting the Arbitrum v3 USDC Native, Arbitrum v3 USDC.e, and Base v3 USDbC Interest Rate (IR) Curves with four main objectives:
1. Raise Borrow APR and Supply APR rates at the kink due to sustained high utilization
2. Increase the kinks
3. Ensure positive reserve growth beyond the kink
4. Increase the rate caps
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-arbitrum-v3-usdc-native-arbitrum-v3-usdc-e-base-v3-usdbc-interest-rate-curve-recommendations-12-13-23/4893)
## Specification
The proposal updates the IR curve parameters by using the respective methods in 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.*
_grantComp(address,uint256)approve(address,uint256)depositFor(address,address,bytes)# [GAUNTLET] 2023-12-16: Polygon Rewards Contract Top-Up Recommendations
# Simple Summary
Gauntlet recommends adding 8,334 COMP tokens to the [Polygon CometRewards contract](https://polygonscan.com/address/0x45939657d1CA34A8FA39A924B71D28Fe8431e581), extending its operational period by four months given the 69.45 daily COMP distributions in the Polygon v3 USDC.e comet.
For more details, see the full forum post [here](https://www.comp.xyz/t/gauntlet-polygon-rewards-contract-top-up-recommendations-12-8-23/4866).
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.
_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)# [Gauntlet] 2023-11-13: Compound v2 Deprecation (Phase 4)
## Simple Summary
A proposal from Gauntlet to adjust 7 Compound v2 risk parameters for Phase 4 of the Compound v2 Deprecation.
Gauntlet recommends the following changes:
* Decrease **AAVE Collateral Factor** from 63% to **58%**
* Decrease **COMP Collateral Factor** from 50% to **45%**
* Decrease **LINK Collateral Factor** from 69% to **64%**
* Decrease **MKR Collateral Factor** from 63% to **58%**
* Decrease **SUSHI Collateral Factor** from 57% to **52%**
* Decrease **YFI Collateral Factor** from 65% to **60%**
* Decrease **ZRX Collateral Factor** from 55% to **50%**
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-strategy-phase-4-11-9-23/4779 ).
## Motivation
In this [September 2022 snapshot vote](https://snapshot.org/#/comp-vote.eth/proposal/bafkreiar7qfbmmabclsogilncy542cyenehjulmdhhewuzojdooer4tnje), the community voted that each asset’s Collateral Factor may be reduced by an absolute percentage of up to 5%. After our analysis, Gauntlet recommends this max 5% decrease for each lowly supplied collateral asset in order to further deprecate the v2 market.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-strategy-phase-4-11-9-23/4779)
## Specification
The proposal updates the parameters using the `_setCollateralFactor` methods of the relevant cToken contracts.
*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.*
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)setBaseTrackingSupplySpeed(address,uint64)setBaseTrackingBorrowSpeed(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Arbitrum v3 USDC Reward Recommendations (2023-09-18)
## Simple Summary
A proposal from Gauntlet to adjust two COMP reward distributions in the Arbitrum USDC native comet.
Gauntlet recommends the following change to Arbitrum USDC rewards:
- Increase **Daily COMP USDC Supply Rewards** from 10 to **20**.
- Increase **Daily COMP USDC Borrow Rewards** from 0 to **20**.
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-arbitrum-v3-usdc-reward-recommendations-2023-09-14/4673 ).
## Motivation
Increasing the daily COMP supply and borrow rewards from to 20 aims to incentivize growth in the recently launched Arbitrum USDC native comet. The specific distributions allow for an equilibrium USDC utilization to be reached given the current collateral asset supply caps.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-arbitrum-v3-usdc-reward-recommendations-2023-09-14/4673)
## Specification
The proposal updates the COMP supply rewards on the Arbitrum USDC Native Comet using the `setBaseTrackingSupplySpeed` method of the Arbitrum Configurator contract.
*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.*
updateAssetLiquidationFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)setBaseTrackingSupplySpeed(address,uint64)setStoreFrontPriceFactor(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] 2023-08-14: Ethereum WETH - Risk Parameter, IR Curve, & Incentive Updates
## Simple Summary
A proposal from Gauntlet to adjust 2 asset-specific risk parameters, 1 global risk parameter, 1 Interest Rate curve parameter, and 1 incentive parameter.
Specifically, Gauntlet recommends the following changes:
* Increase storefront price factor from 50% to 100%
* Decrease wstETH liquidation penalty from 5% to 2.5%.
* Decrease cbETH liquidation penalty from 5% to 2.5%.
* Decrease Annual Borrow Interest Rate Slope Low from 0.051 to 0.037.
* Increase COMP daily supply distribution from 38 to 70.
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-recommendations-ethereum-compound-v3-eth-risk-parameter-ir-curve-incentive-changes-8-4-23/4565 ).
## Motivation
To stimulate growth, Gauntlet proposes updating the IR borrow curve, liquidation bonus, and rewards for the protocol. These adjustments aim to increase capital efficiency and TVL growth, by incentivizing higher utilization and more supply.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-recommendations-ethereum-compound-v3-eth-risk-parameter-ir-curve-incentive-changes-8-4-23/4565)
## Specification
The proposal uses the `updateAssetLiquidationFactor`, `setBaseTrackingSupplySpeed`, `setStoreFrontPriceFactor`, and `setBorrowPerYearInterestRateSlopeLow` methods of the Ethereum v3 WETH Configurator contract.
*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.*
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)setBaseTrackingSupplySpeed(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] 2023-08-07: Arbitrum USDC - Reward Updates
## Simple Summary
A proposal from Gauntlet to adjust one COMP reward distribution in the Arbitrum USDC comet.
Gauntlet recommends the following change to Arbitrum USDC rewards:
* Decrease daily COMP supply rewards from 34.73 to 10.
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-arbitrum-usdc-reward-recommendations/4571 ).
## Motivation
Decreasing the daily COMP supply rewards from 34.73 to 10 will result in ~$542k annual savings, in a comet that has low utilization. Compound Labs is working on launching a native USDC comet on Arbitrum, to migrate liquidity from this comet to be deprecated to the new comet.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-arbitrum-usdc-reward-recommendations/4571)
## Specification
The proposal updates the COMP supply rewards on the Arbitrum USDC Comet using the `setBaseTrackingSupplySpeed` method of the Arbitrum Configurator contract.
*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.*
updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)# [Gauntlet] 2023-07-24 Increase supply cap for WETH, WBTC, UNI, LINK on Ethereum Compound v3 USDC
## Simple Summary
A proposal from Gauntlet to adjust 4 parameters for 4 Ethereum Compound v3 USDC assets.
Gauntlet recommends:
* Increase WETH supply cap from 350k tokens to 500k tokens.
* Increase WBTC supply cap from 12k tokens to 18k tokens.
* Increase UNI supply cap from 2.3M tokens to 6M tokens.
* Increase LINK supply cap from 1.25M tokens to 4M tokens.
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-recommendations-ethereum-compound-v3-usdc-risk-parameter-changes-7-20-23/4504 ).
## Motivation
In response to recent growth in the Ethereum Compound v3 USDC comet, Gauntlet recommends the above risk parameter changes to allow further protocol usage and growth.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-recommendations-ethereum-compound-v3-usdc-risk-parameter-changes-7-20-23/4504)
## Specification
This proposal updates supply cap on V3 Ethereum USDC market through `updateAssetSupplyCap` in 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.*
_setReserveFactor(uint256)_setCompSpeeds(address[],uint256[],uint256[])# Compound V2->V3 Migration Proposal Phase 4
### Simple Summary
Gauntlet provides this proposal for Phase 4 of the Compound V2 -> V3 Migration.
### Background
Of the two options proposed in the recently published Phase 4 migration post, the community has voted in favor of Option 1, whose plan is outlined below. See the [forum post](https://www.comp.xyz/t/compound-migration-proposal-phase-4-6-16-23-two-options/4396) for more detail.
* Increase v2 USDC Reserve Factor from 7.5% to 15%
* Decrease v2 daily USDC supply COMP rewards from 161.20 to 111.20 (-50)
* Decrease v2 daily USDC borrow COMP rewards from 161.20 to 111.20 (-50)
* Decrease v2 daily DAI supply COMP rewards from 161.20 to 111.20 (-50)
* Decrease v2 daily DAI borrow COMP rewards from 161.20 to 111.20 (-50)
### Specification
This proposal implements a number of changes using several different contracts:
* v2 daily COMP rewards are updated using `_setCompSpeeds` on the `Comptroller` contract
* v2 USDC Reserve Factor is updated using `_setReserveFactor` on the `cUSDC` contract
*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.*
_grantComp(address,uint256)# Top-up COMP Rewards on Compound V3 mainnet contract
## Simple Summary
A proposal from Gauntlet to transfer 78,015 COMP (corresponding to 150 days of distribution) from the Comptroller to the Rewards contract for [Compound III on the mainnet.](https://etherscan.io/address/0x1b0e765f6224c21223aea2af16c1c46e38885a40)
## Motivation
COMP rewards ran out on the Compound III mainnet CometRewards contract, resulting in users being unable to claim their COMP rewards. Gauntlet proposes to top-up the rewards in order to allow users to continue claiming the rewards.
## Specification
The proposal grants the mainnet `CometRewards` contract at `0x1B0e765F6224C21223AeA2af16c1C46E38885a40` an amount of `78,015` COMP tokens by using the `_grantComp` method on the `Comptroller`.
*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.*