executedEnded 2 years ago · Onchain
[Gauntlet] - Arbitrum USDT Risk and IO Recommendations (2024-08-20)
By 0x683a...D26C02
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Summary
Gauntlet recommends the following parameter changes to Arbitrum USDT Comet:
| Parameters | Current Value | Recommended Values |
|---|---|---|
| Annual Borrow Interest Rate Base | .015 | .015 |
| Annual Borrow Interest Rate Slope Low | .05 | .05 |
| Borrow Kink | .9 | .85 |
| Annual Borrow Interest Rate Slope High | 4.0 | 3.5 |
| Annual Supply Interest Rate Base | 0 | 0 |
| Annual Supply Interest Rate Slope Low | .052 | .03 |
| Supply Kink | .9 | .85 |
| Annual Supply Interest Rate Slope High | 3.6 | 3.2 |
| Daily Borrow Rewards | 30 | 35 |
| Daily Supply Rewards | 12 | 7 |
Motivation
This recommendation aims to mitigate further negative reserve growth while the LTIPP incentive program is active and improve utilization of USDT within the Comet. Full proposal and forum discussions can be found here.
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 30
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x683a...D26C02 | 90,066 | FOR |
 0x2210...cCd02E | 89,375 | FOR |
 Wintermute Governance | 80,003 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 70,000 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Thu August 22 2024, 05:55 pmVoting Period Starts
- Sun August 25 2024, 12:02 pmEnd Voting Period
- Sun August 25 2024, 12:04 pmQueue Proposal
- Tue August 27 2024, 12:06 pmExecute Proposal
Current Results
1-FOR
565,232.94
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens
Quorum 565,232.94/400,000