0xdd659911…9abcsent to0x683a4f99…6c02·#16,723,443·view on Etherscan
### Compound V2 -> V3 Migration Phase 1
## Simple Summary
Gauntlet provides this initial proposal for Compound V2 -> V3 Migration.
## Background
Following community feedback, please see below an initial migration plan to align with the community's strategic preference. See the [forum post](https://www.comp.xyz/t/cip-3-compound-v2-to-v3-migration/4046/7?u=pauljlei) for more detail.
- Decrease v2 daily USDC supply COMP rewards from 241.20 to 211.20 (-30)
- Decrease v2 daily USDC borrow COMP rewards from 241.20 to 211.20 (-30)
- Decrease v2 daily DAI supply COMP rewards from 241.20 to 211.20 (-30)
- Decrease v2 daily DAI borrow COMP rewards from 241.20 to 211.20 (-30)
- Increase v3 daily USDC borrow COMP rewards from 161.41 to 281.41 (+120)
- Increase v3 ETH supply cap from 150k to 350k
- Increase v3 WBTC supply cap from 6k to 12k
- Increase storefront price factor from 50% to 60%
## Specification
This proposal implements a number of changes using several different contracts:
- v2 daily COMP rewards are updated using `_setCompSpeeds` on the `Comptroller` contract
- v3 USDC daily COMP rewards are updated using `setBaseTrackingBorrowSpeed` on the `Configurator` contract
- v3 USDC supply caps are updated using `updateAssetSupplyCap` on the `Configurator` contract
- v3 USDC storefront price factor is updated using `setStoreFrontPriceFactor` on the `Configurator` contract
*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.*