0xdd659911…9abcsent to0x683a4f99…6c02·#18,472,304·view on Etherscan
_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)_setCollateralFactor(address,uint256)# [Gauntlet] 2023-10-30: Compound v2 Deprecation (Phase 3)
## Simple Summary
A proposal from Gauntlet to adjust 7 Compound v2 risk parameters for Phase 3 of the Compound v2 Deprecation.
Gauntlet recommends the following changes:
* Decrease AAVE Collateral Factor from 68% to **63%**
* Decrease COMP Collateral Factor from 55% to **50%**
* Decrease LINK Collateral Factor from 74% to **69%**
* Decrease MKR Collateral Factor from 68% to **63%**
* Decrease SUSHI Collateral Factor from 62% to **57%**
* Decrease YFI Collateral Factor from 70% to **65%**
* Decrease ZRX Collateral Factor from 60% to **55%**
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-phase-3-10-27-23/4748 ).
## 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.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-compound-v2-deprecation-phase-3-10-27-23/4748)
## Specification
The proposal updates the parameters using the `_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.*