0xb3dd2ca3…3e4dsent to0x683a4f99…6c02·#18,316,756·view on Etherscan
_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setReserveFactor(uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)# [Gauntlet] 2023-10-09: Compound v2 Deprecation (Phase 2)
## Simple Summary
A proposal from Gauntlet to adjust 8 Compound v2 risk parameters for Phase 2 of the Compound v2 Deprecation.
Gauntlet recommends the following changes:
* Decrease **cAAVE Collateral Factor** from 73% to **68%**
* Decrease **cCOMP Collateral Factor** from 60% to **55%**
* Decrease **cLINK Collateral Factor** from 79% to **74%**
* Decrease **cMKR Collateral Factor** from 73% to **68%**
* Decrease **cSUSHI Collateral Factor** from 67% to **62%**
* Decrease **cYFI Collateral Factor** from 75% to **70%**
* Decrease **cZRX Collateral Factor** from 65% to **60%**
* Increase **v2 USDC Reserve Factor** from 30% to **45%**.
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-strategy-phase-2-9-29-23/4700 ).
## 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.
Additionally, Gauntlet recommends continuing to raise the v2 USDC Reserve Factor to incentivize v2 USDC suppliers to migrate to v3.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-strategy-phase-2-9-29-23/4700)
## Specification
The proposal updates the parameters using the `_setReserveFactor` and `_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.*