memoscan
← all memos

Memo 0xf2b85d52…d339bc on Ethereum

createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)updateAssetSupplyCap(address,address,uint128)deployAndUpgradeTo(address,address)# [Gauntlet] Arbitrum v3 USDC Native - Risk Recommendations (2023-10-16) ## Simple Summary A proposal from Gauntlet to adjust one risk parameter in the Arbitrum v3 USDC Native comet. Gauntlet recommends the following risk parameter change: * Increase WBTC supply cap from 300 tokens to 600 tokens For more details, see the full forum post [here]( https://www.comp.xyz/t/gauntlet-arbitrum-native-usdc-risk-recommendations-10-12-23/4721 ). ## Motivation Supply cap for WBTC has recently reached 100%. This change will decrease WBTC supply cap utilization from 100% to 50%, resulting in $8.02M additional WBTC able to be supplied, to allow further long-term protocol usage and growth. [Full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-arbitrum-native-usdc-risk-recommendations-10-12-23/4721) ## Specification This proposal updates the supply cap in the Arbitrum v3 USDC Native comet through the `updateAssetSupplyCap` method in 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.*