Compound

Simple Summary

For Phase 11 of the Compound v2 deprecation, Gauntlet recommends decreasing the Collateral Factor for v2 collateral assets. Specifically, Gauntlet recommends the following changes:

• Decrease AAVE Collateral Factor from 33% to 28%
• Decrease COMP Collateral Factor from 20% to 15%
• Decrease LINK Collateral Factor from 39% to 34%
• Decrease MKR Collateral Factor from 33% to 28%
• Decrease SUSHI Collateral Factor from 27% to 22%
• Decrease UNI Collateral Factor from 70% to 60%
• Decrease YFI Collateral Factor from 35% to 30%
• Decrease ZRX Collateral Factor from 25% to 20%

For more details, see the full forum post here.

Motivation

In this September 2022 snapshot vote, the community voted that each asset’s Collateral Factor may be reduced. After our analysis, Gauntlet recommends these collateral factor adjustments for each stated collateral asset in order to further deprecate the v2 market. Full proposal and forum discussion

Specification

The proposal updates the parameters using the _setCollateralFactor method of the relevant cToken contracts.

_{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.}