0xfc63ef19…4f84sent to0x683a4f99…6c02·#25,832,471·view on Etherscan
# Update Ethereum WETH Comet Borrow Rate IRM\n## Summary\n\nGauntlet recommends updating the borrow interest rate model for the Ethereum WETH Comet.\n\nThis proposal implements the following parameter changes:\n\n| Parameter | Current | Proposed |\n| ------------------------------------- | --------: | -------: |\n| Annual Borrow Interest Rate Base | 1.00% | 1.50% |\n| Annual Borrow Interest Rate Slope Low | 1.111111% | 0.5556% |\n\nNo supply-side interest rate parameters are changed. The borrow kink and borrow slope above the kink also remain unchanged.\n\nThe proposed adjustment pivots the borrow curve below the 90% utilization kink. It is intended to reduce reserve depletion at lower utilization levels while keeping borrowing costs effectively unchanged at and above the kink.\n\n## Proposal Actions\n\n1. Set the annual borrow interest rate base to `0.015`.\n2. Set the annual borrow interest rate slope below the kink to `0.005556`.\n3. Deploy and upgrade the Ethereum WETH Comet to apply the updated configuration.\n\n## Additional Information\n\nFor the complete analysis, motivation, expected outcomes, risk considerations, and monitoring plan, see the [Ethereum WETH Comet Borrow Rate IRM Updates forum post](https://www.comp.xyz/t/ethereum-weth-comet-borrow-rate-irm-updates/7999).