0x6b62d6c9…5a4csent to0x683a4f99…6c02·#17,866,340·view on Etherscan
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.*