0x6b62d6c9…5a4csent to0x683a4f99…6c02·#19,270,375·view on Etherscan
updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] Ethereum v3 USDC - Risk Recommendations (02/19/2024)
# Simple Summary
Gauntlet recommends the following risk parameter updates for the Ethereum v3 USDC comet:
**UNI**
- Increase UNI Liquidation Penalty from 7% to 15%
- Increase UNI Supply Cap from 6,000,000 to 8,000,000
**WBTC**
- Increase WBTC Liquidation Factor from 77% to 85%.
- Increase WBTC Collateral Factor from 70% to 80%.
For more details, see the full forum post [here](https://www.comp.xyz/t/gauntlet-ethereum-v3-usdc-risk-recommendations-02-14-2024/4991).
# Motivation
Gauntlet recommends increasing UNI’s supply cap and liquidation penalty and WBTC's liquidation factor to balance risk management and capital efficiency.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ethereum-v3-usdc-risk-recommendations-02-14-2024/4991)
# 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.*