executedEnded 3 years ago · Onchain
[Gauntlet] 2023-07-24 Increase supply cap for WETH, WBTC, UNI, LINK on Ethereum Compound v3 USDC
By 0x683a...D26C02Continue Reading
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.
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
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.
Connect Wallet to Add Note
0Votes 32
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xea6C...c13BF7 | 330,943 | FOR |
 0x8d07...e6A265 | 70,003 | FOR |
 0x1d29...Da5D1f | 50,030 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
 0x47C1...614770 | 50,004 | FOR |
VOTE POWER
0
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Proposal Status
- Wed July 26 2023, 06:41 pmVoting Period Starts
- Sat July 29 2023, 12:53 pmEnd Voting Period
- Sat July 29 2023, 12:54 pmQueue Proposal
- Mon July 31 2023, 12:55 pmExecute Proposal
Current Results
1-FOR
942,537.56
2-ABSTAIN
1.1
3-AGAINST
N/A Tokens
Quorum 942,538.66/400,000