memoscan
← all memos

Memo 0xebf5ded7…bb6a46 on Ethereum

_setMarketBorrowCaps(address[],uint256[])updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)updateAssetLiquidationFactor(address,address,uint64)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)# [Gauntlet] - WBTC v3 & v2 Mainnet Risk Recommendations ## Summary Gauntlet has made the following risk recommendations: - Increase Liquidation Penalty for WBTC from 5% to 10% across USDC & USDT Mainnet Comets - Decrease Supply Cap from 18,000 to 10,000 for WBTC on USDC Mainnet. - Decrease Supply Cap from 18,000 to 5,000 for WBTC on USDT Mainnet. - Decrease Borrow Cap from 250 to 100 for WBTC on Eth V2. ## Motivation Gauntlet recommends specific adjustments to the liquidation penalty, supply and borrow caps for WBTC on various Comets given the ongoing speculation across BitGo's and BiTGlobal's joint venture surrounding WBTC custody. The recommendations aim to enhance risk management across WBTC collateral. Full proposal and forum discussions can be found here: [WBTC Risk Recommendations](https://www.comp.xyz/t/gauntlet-wbtc-risk-recommendations/5667) ## 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***