[Gauntlet] Arbitrum v3 USDC Reward Recommendations (2023-09-18)
Simple Summary
A proposal from Gauntlet to adjust two COMP reward distributions in the Arbitrum USDC native comet.
Gauntlet recommends the following change to Arbitrum USDC rewards:
- Increase Daily COMP USDC Supply Rewards from 10 to 20.
- Increase Daily COMP USDC Borrow Rewards from 0 to 20.
For more details, see the full forum post here.
Motivation
Increasing the daily COMP supply and borrow rewards from to 20 aims to incentivize growth in the recently launched Arbitrum USDC native comet. The specific distributions allow for an equilibrium USDC utilization to be reached given the current collateral asset supply caps.
Full proposal and forum discussion
Specification
The proposal updates the COMP supply rewards on the Arbitrum USDC Native Comet using the setBaseTrackingSupplySpeed method of the Arbitrum 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.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xea6C...c13BF7 | 330,950 | FOR |
 0x8d07...e6A265 | 70,003 | FOR |
 0xed11...a5bb04 | 50,003 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 50,000 | FOR |
 0x13BD...138548 | 50,000 | FOR |
VOTE POWER
Proposal Status
- Wed September 20 2023, 11:50 pmVoting Period Starts
- Sat September 23 2023, 06:08 pmEnd Voting Period
- Sat September 23 2023, 06:14 pmQueue Proposal
- Mon September 25 2023, 06:16 pmExecute Proposal
Current Results
1-FOR
678,169.75
3-ABSTAIN
N/A Tokens