[Gauntlet] 2023-07-24 Pause supply for Compound v2 Tail Assets
Simple Summary
A proposal from Gauntlet to adjust 5 parameters for 5 Compound v2 assets.
Gauntlet recommends pausing supply for the following collateral assets on Compound v2:
- cAAVE
- cCOMP
- cLINK
- cSUSHI
- cUNI
For more details, see the full forum post here.
Motivation
These collateral assets have empirically provided minimal reserves to the protocol, both in terms of users borrowing these assets and borrowing against these assets. They also expose the protocol to outsized tail risks in scenarios of market downturns, cToken/oracle price deviations, and price manipulation attacks, given lower liquidity in these tokens and the absence of supply caps in v2. Additionally, COMP, LINK, and UNI are listed as collateral assets in Ethereum Compound v3 USDC, which includes supply caps.
Full proposal and forum discussion
Specification
This proposal pauses supply of tokens through _setMintPaused in Comptroller.
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.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xea6C...c13BF7 | 330,943 | FOR |
 0x8d07...e6A265 | 70,003 | FOR |
 0x1d29...Da5D1f | 50,030 | FOR |
 0xB49f...EC7948 | 50,004 | FOR |
 0xed11...a5bb04 | 50,003 | FOR |
VOTE POWER
Proposal Status
- Wed July 26 2023, 06:56 pmVoting Period Starts
- Sat July 29 2023, 01:08 pmEnd Voting Period
- Sat July 29 2023, 01:09 pmQueue Proposal
- Mon July 31 2023, 01:10 pmExecute Proposal
Current Results
1-FOR
810,026.5
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens