0xf603265f…fc18sent to0x683a4f99…6c02·#19,713,746·view on Etherscan
updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)# [Gauntlet] Ethereum v3 USDC Comet Recommendations (2024-04-18)
## Simple Summary
Gauntlet recommends the following risk parameter updates for the **Ethereum v3 USDC comet**
- Decrease UNI Supply Cap from 8,000,000 to 2,600,000
- Decrease UNI Liquidation Factor from 81% to 79%
- Decrease UNI Collateral Factor from 75% to 73%
- Increase UNI Liquidation Penalty from 15% to 17%
# Motivation
Gauntlet recommends parameter updates for the Collateral Factor, Liquidation Factor, Supply Cap, and Liquidation Penalty across the Comet to mitigate risk and increase capital efficiency.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-uni-usdc-v3-comet-recommendations-2024-04-18/5186)
# Specification
This proposal updates the relevant parameters in the Ethereum v3 USDC Comet
*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.*