0x1d8e0b8f…d9d9sent to0x4d80f679…ef4b·#20,923,459·view on Etherscan
sendMessage(address,bytes,uint32)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)setBorrowPerYearInterestRateBase(address,uint64)setBorrowPerYearInterestRateSlopeLow(address,uint64)setBorrowPerYearInterestRateSlopeHigh(address,uint64)setSupplyPerYearInterestRateSlopeLow(address,uint64)setSupplyPerYearInterestRateSlopeHigh(address,uint64)deployAndUpgradeTo(address,address)# Compound v3 Base USDbC Collateral Factor Reduction & Interest Rate Recommendations (September 2024)
# Summary
Gauntlet recommends the following risk recommendations to the protocol:
* Decrease **WETH Liquidation Collateral Factor** from 84% to **74%**
* Decrease **cbETH Liquidation Collateral Factor** from 80% to **70%**
* Decrease **WETH Borrow Collateral Factor** from 79% to **69%**
* Decrease **cbETH Borrow Collateral Factor** from 75% to **65%**
* Decreasee **WETH Supply Cap** from 11,000 to **1,100**
* Decreasee **cbETH Supply Cap** from 7,500 to **350**
Gauntlet also recommends setting the Base USDbC IR curves to the following parameters:
| **Parameter** | **Recommended Value** |
|-----------------------------------------|-----------------------|
| Annual Supply Interest Rate Base | 0 |
| Annual Supply Interest Rate Slope Low | 0.025 |
| Supply Kink | 0.9 |
| Annual Supply Interest Rate Slope High | 4.3 |
| Annual Borrow Interest Rate Base | 0.025 |
| Annual Borrow Interest Rate Slope Low | 0.045 |
| Borrow Kink | 0.9 |
| Annual Borrow Interest Rate Slope High | 6 |
# Motivation
This recommendation aims to proceed with Compound v3 Base USDbC deprecation.
Full proposal and forum discussions can be found [here](https://www.comp.xyz/t/compound-v3-base-usdbc-liquidation-factor-reduction-interest-rate-recommendations-september-2024/5828)
# 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***