executedEnded 3 years ago · Onchain
Increase WETH Supply Cap in cUSDCv3
By 0xC66e...E468A9Continue Reading
Explanation
The cUSDCv3 market is currently limited by the WETH supply cap, which has been reached. Since setting these caps (in units of each collateral asset), prices of collateral assets have decreased, effectively lowering the current caps, while usage has grown.
The associated forum post for this proposal can be found here.
Proposal
The proposal itself is to be made from this pull request.
The first action of the proposal sets the configurator supply cap for WETH to 150,000, twice the current cap of 75,000.
The second action deploys and upgrades to a new implementation of Comet, using the newly configured parameters.
Connect Wallet to Add Note
0Votes 114
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x683a...D26C02 | 126,106 | FOR |
 Robert Leshner | 70,073 | ABSTAIN |
 0x54A3...61E189 | 57,585 | FOR |
 0x47C1...614770 | 50,004 | FOR |
 0xB49f...EC7948 | 50,002 | FOR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Published Onchain
0xC66e...E468A9 - Fri December 02 2022, 07:31 pmVoting Period Starts
- Mon December 05 2022, 01:35 pmEnd Voting Period
- Mon December 05 2022, 01:36 pmQueue Proposal
- Wed December 07 2022, 01:37 pmExecute Proposal
Current Results
1-FOR
487,559.47
2-ABSTAIN
70,073.1
3-AGAINST
N/A Tokens