memoscan
← all memos

Memo 0x9b5665cd…b28cec on Ethereum

setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)# [Gauntlet] - IR Curve and Incentive Recommendations for Stablecoin and WETH Comets - Part 3 # Summary Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 3 of the overarching recommendations to be implemented. In this proposal we specifically target Mainnet USDT, Arbitrum USDC and Arbitrum WETH comet's IR curves. **WETH Comets** | Comet | | ----------------- | | **Ethereum WETH** | | Arbitrum WETH | | Base WETH | | Optimism WETH | | **Scroll WETH** | | Parameter | Current Value | Recommended Value | |------------------------------------|---------------|-------------------| | Annual Borrow Interest Rate Base | 0.01 | 0.01 | | Annual Borrow Interest Rate Slope Low | 0.0145 | 0.0155 | | Borrow Kink | 0.9 | 0.9 | | Annual Borrow Interest Rate Slope High | 1.5 | 1.26 | | Annual Supply Interest Rate Base | 0 | 0 | | Annual Supply Interest Rate Slope Low | 0.0165 | 0.0216 | | Supply Kink | 0.9 | 0.9 | | Annual Supply Interest Rate Slope High | 1.2 | 1.125 | **Stablecoin Comets** | Comet | | ----------------- | | Ethereum USDC | | Ethereum USDT | | Ethereum USDS | | Arbitrum USDC Native | | Arbitrum USDT | | Base USDC Native | | Polygon USDC | | Polygon USDT | | Optimism USDT | | Optimism USDC | | Scroll USDC | ---- | Parameter | Current Value | Recommended Value | |------------------------------------|---------------|-------------------| | Annual Borrow Interest Rate Base | 0.015 | 0.015 | | Annual Borrow Interest Rate Slope Low | 0.0333 | 0.05 | | Borrow Kink | 0.9 | 0.9 | | Annual Borrow Interest Rate Slope High | 4 | 3.4 | | Annual Supply Interest Rate Base | 0 | 0 | | Annual Supply Interest Rate Slope Low | 0.039 | 0.054 | | Supply Kink | 0.9 | 0.9 | | Annual Supply Interest Rate Slope High | 3.6 | 3.034 | ## Motivation Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the [full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ir-curve-and-incentive-recommendations-for-stablecoin-and-weth-comets/6038?u=gauntlet) for more details. ## Specification The proposal updates the parameters by using the respective methods on the Configurator.  ***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.***