0xdd659911…9abcsent to0x7b3c54e1…cc33·#20,524,537·view on Etherscan
setBaseTrackingSupplySpeed(address,uint64)deployAndUpgradeTo(address,address)setBaseTrackingSupplySpeed(address,uint64)deployAndUpgradeTo(address,address)createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)sendMessage(address,bytes,uint32)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)deployAndUpgradeTo(address,address)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)updateAssetBorrowCollateralFactor(address,address,uint64)updateAssetLiquidateCollateralFactor(address,address,uint64)updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)# [Gauntlet] - IO and Risk Recommendations for BASE, Mainnet, and Arbitrum (2024-08-12)
# Summary
Gauntlet recommends the following incentive changes
| Comet | Current Supply Rewards | Recommended Supply Rewards | Current Borrow Rewards | Recommended Borrow Rewards |
| ----- | ----------- | --------- | ------- | -------- |
|WETH | 70 | 35 | 20 | No Change |
|USDC | 151 | 70 | 71 | No Change |
Along with the above Gauntlet recommends the following supply cap changes:
- Increase USDT Arbitrum wstETH Supply Cap from 5,000 to 10,000
- Increase USDC Arbitrum wstETH Supply Cap from 1,500 to 5,000
- Increase WETH BASE ezETH Supply Cap from 500 to 1,500
- Increase WETH BASE ezETH Collateral Factor from 80% to 88%
- Increase WETH BASE ezETH Liquidation Factor from 85% to 91%
- Decrease WETH BASE ezETH Liquidation Penalty from 10% to 6%
- Increase WETH ARB rsETH Collateral Factor from 80% to 88%
- Increase WETH ARB rsETH Liquidation Factor from 85% to 91%
- Decrease WETH ARB rsETH Liquidation Penalty from 10% to 4%
- Increase WETH ARB weETH Collateral Factor from 85% to 90%
- Increase WETH ARB weETH Liquidation Factor from 90% to 93%
- Decrease WETH ARB weETH Liquidation Penalty from 5% to 4%
# Motivation
- Gauntlet is recommending reduction of incentives of Mainnet Comets to follwoing feedback from community and improve "net profitability" of Comets w/o negatively impacting APY competitivenes.
Full proposal and forum discussions can be found [here](https://www.comp.xyz/t/request-for-comments-removing-comp-incentives-from-mainnet-markets/5419/4?u=gauntlet).
- Gauntlet recommends increasing supply cap for 3 LRT/LST assets to improve capital efficiency.
Full proposal and forum discussions can be found [here](https://www.comp.xyz/t/gauntlet-supply-cap-recommendations-2024-08-13/5589).
- Following the implementation of Exchange Rate Oracles, Gauntlet recommends adjusting the risk recommendations for the following LRTs to improve captial efficiency.
Full proposal and forum discussions can be found [here](https://www.comp.xyz/t/gauntlet-lrt-recommendations-for-mainnet-base-arbitrum-weth-comets/5577).
# 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.***