0xf603265f…fc18sent to0x683a4f99…6c02·#20,215,251·view on Etherscan
sendMessageToChild(address,bytes)sendMessage(address,uint256,bytes,uint256)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)setBaseTrackingSupplySpeed(address,uint64)setBaseTrackingBorrowSpeed(address,uint64)deployAndUpgradeTo(address,address)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)setBorrowPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Polygon USDC.e and Scroll USDC - Risk and Incentive Recommendations
# Simple Summary
Gauntlet recommends the following risk parameter updates for the **Polygon USDC.e comet**:
- Decrease WBTC Supply Cap from 1500 WBTC to 750 WBTC
- Decrease WETH Supply Cap from 20000 WETH to 2500 WETH
- Decrease WMATIC Supply Cap from 20M to 8M WMATIC
- Decrease MaticX Supply Cap from 6M to 2M MaticX
- Decrease Daily Comp Supply Rewards from 16 COMP to 8
- Decrease Daily Comp Borrow Rewards from 7 COMP to 3
Gauntlet recommends the following risk parameter updates for the **Scroll v3 USDC comet**:
- Increase wstETH Supply Cap from 50 to 250
- Increase WETH Supply Cap from 300 to 2000
Gauntlet recommends adjusting the Scroll USDC IR curve:
| Parameter | Current | Recommended |
| --- | --- | --- |
| Annual Borrow Interest Rate Base | .015 | .015 |
| Annual Borrow Interest Rate Slope Low | 0.053 | 0.05 |
| Borrow Kink | 0.85 | 0.85 |
| Annual Borrow Interest Rate Slope High | 1.80 | 1.80 |
| Annual Supply Interest Rate Base | 0 | 0 |
| Annual Supply Interest Rate Slope Low | 0.048 | 0.036 |
| Supply Kink | 0.85 | 0.85 |
| Annual Supply Interest Rate Slope High | 1.6 | 1.6 |
## Motivation
Gauntlet recommends adjusting Polygon USDC.e Comet's supply caps to risk off under utilized caps and reducing incentives to account for the higher costs per USDC.e within the protocol. [Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-polygon-usdc-e-risk-and-incentive-recommendations-06-18-24/5348)
Gauntlet recommends adjusting the Scroll USDC Comet's supply cap parameters to increase capital efficiency and adjust IR curves to encourage increased borrowing while also decreasing the negative reserve factor. [Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-scroll-usdc-comet-risk-recommendations-2024-06-18/5353)
## Specification
The proposal updates the Supply Cap, borrow/supply per year interest rate low slope, Base Tracking Borrow Speed,and Base Tracking Supply Speed 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.***