0xdd659911…9abcsent to0x7b3c54e1…cc33·#17,318,765·view on Etherscan
# Interest Rate Curve Updates for Ethereum Compound v3 USDC
## Simple Summary
A proposal from Gauntlet to adjust 7 IR Curve parameters.
Gauntlet recommends the following changes to the Ethereum v3 USDC IR curve:
* Increase Annual Supply Interest Rate Slope Low from 0.0325 to 0.034
* Increase Supply Kink from 80% to 95%
* Increase Annual Supply Interest Rate Slope High from 0.4 to 0.76
* Decrease Annual Borrow Interest Rate Base from 0.015 to 0.01
* Decrease Annual Borrow Interest Rate Slope Low from 0.035 to 0.0333
* Increase Borrow Kink from 80% to 90%
* Decrease Annual Borrow Interest Rate Slope High from 0.25 to 0
For more details, see the full forum post [here](https://www.comp.xyz/t/ethereum-compound-v3-usdc-gauntlet-ir-curve-recommendations-5-16-23/4307).
## Motivation
The proposed IR curve attempts to drive growth and migration as follows:
* Flatline Borrow APR past the borrow kink
* Adjust borrow/supply kinks & slopes to incentivize efficient and appealing equilibrium APRs
[Full proposal and forum discussion](https://www.comp.xyz/t/ethereum-compound-v3-usdc-gauntlet-ir-curve-recommendations-5-16-23/4307)
## Specification
The proposal implements the above changes on the cUSDCv3 Ethereum Comet using 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.*