0x6b62d6c9…5a4csent to0x683a4f99…6c02·#17,765,969·view on Etherscan
updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)# [Gauntlet] 2023-07-24 Increase supply cap for WETH, WBTC, UNI, LINK on Ethereum Compound v3 USDC
## Simple Summary
A proposal from Gauntlet to adjust 4 parameters for 4 Ethereum Compound v3 USDC assets.
Gauntlet recommends:
* Increase WETH supply cap from 350k tokens to 500k tokens.
* Increase WBTC supply cap from 12k tokens to 18k tokens.
* Increase UNI supply cap from 2.3M tokens to 6M tokens.
* Increase LINK supply cap from 1.25M tokens to 4M tokens.
For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-recommendations-ethereum-compound-v3-usdc-risk-parameter-changes-7-20-23/4504 ).
## Motivation
In response to recent growth in the Ethereum Compound v3 USDC comet, Gauntlet recommends the above risk parameter changes to allow further protocol usage and growth.
[Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-recommendations-ethereum-compound-v3-usdc-risk-parameter-changes-7-20-23/4504)
## Specification
This proposal updates supply cap on V3 Ethereum USDC market through `updateAssetSupplyCap` in 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.*