executedEnded 2 years ago · Onchain
[Gauntlet] Stablecoin IR recommendations
By 0x683a...D26C02
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Summary
Gauntlet recommends updating the interest rate curves for Stablecoin Comets.
| Parameter | Recommended Value |
|---|---|
| Annual Borrow Interest Rate Base | .015 |
| Annual Borrow Interest Rate Slope Low | .05 |
| Borrow Kink | .9 |
| Annual Borrow Interest Rate Slope High | 4.0 |
| Annual Supply Interest Rate Base | 0 |
| Annual Supply Interest Rate Slope Low | .052 |
| Supply Kink | .9 |
| Annual Supply Interest Rate Slope High | 3.6 |
This recommendation only includes the following Comets
- Arbitrum USDC.e
- Arbitrum USDC
- Optimism USDC
- Optimism USDT
- Scroll USDC
- Polygon USDC.e
- Ethereum USDC
- BASE USDbC
Motivation
Gauntlet recommends updating the interest rate curve parameters across all stablecoin comets to incentivize further growth and higher utilization. See the the full proposal and forum discussion for more details.
Specification
The proposal updates the parameters by using the respective methods on the 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 21
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x36cc...F2ffc6 | 93,152 | FOR |
 Wintermute Governance | 53,964 | FOR |
 0x683a...D26C02 | 50,066 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 50,000 | FOR |
VOTE POWER
0
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Proposal Status
- Thu July 25 2024, 10:10 amVoting Period Starts
- Sun July 28 2024, 04:14 amEnd Voting Period
- Sun July 28 2024, 04:16 amQueue Proposal
- Tue July 30 2024, 04:18 amExecute Proposal
Current Results
1-FOR
519,352.5
3-AGAINST
N/A Tokens
Quorum 519,352.5/400,000