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Memo 0x2e2b33e1…6b2d5b on Ethereum

createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)updateAssetSupplyCap(address,address,uint128)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)setBaseTrackingBorrowSpeed(address,uint64)setBorrowPerYearInterestRateBase(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address) :# [Gauntlet] - Arbitrum USDC - Risk, Incentive, and Interest Rate Curve Recommendations # Simple Summary Gauntlet recommends the following parameter updates for the **Arbitrum USDC comet**: ### Risk Recommendations | **Parameter** | **Current Value** | **Recommended Value** | | ----------------------- | ----------------- | --------------------- | | WETH Supply Cap | 10,000 | 40,000 | | WETH Liquidation Factor | 85% | 90% | | WETH Collateral Factor | 78% | 83% | | WBTC Supply Cap | 1,200 | 2,000 | ### Interest Rate Curve Recommendations | Parameter | Current Value | Recommended Value | | -------------------------------------- | ------------- | ----------------- | | Annual Borrow Interest Rate Base | .015 | 0.0136 | | Annual Borrow Interest Rate Slope Low | .0833 | 0.0626 | | Borrow Kink | 0.9 | 0.9 | | Annual Borrow Interest Rate Slope High | 4.3 | 4.3 | | Annual Supply Interest Rate Base | 0 | 0 | | Annual Supply Interest Rate Slope Low | .075 | 0.062 | | Supply Kink | 0.9 | 0.9 | | Annual Supply Interest Rate Slope High | 3.6 | 3.94 | ### COMP Distribution Recommendations | Parameter | Current Value | Recommended Value | | ----------------- | ------------- | ----------------- | | Daily COMP Supply | 17 | 17 | | Daily COMP Borrow | 8 | 50 | ## Motivation Gauntlet recommends updating the risk, incentive, and interest rate curve parameters in the Arbitrum USDC comet to further incentivize growth at higher utilization. [Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-arbitrum-usdc-risk-incentive-and-interest-rate-curve-recommendations-7-12-2024/5418) ## 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.***