executedEnded 2 years ago · Onchain
[Gauntlet] Stablecoin IR Recommendations - Mainnet
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 | .0333 |
| Borrow Kink | .9 |
| Annual Borrow Interest Rate Slope High | 4.0 |
| Annual Supply Interest Rate Base | 0 |
| Annual Supply Interest Rate Slope Low | .039 |
| Supply Kink | .9 |
| Annual Supply Interest Rate Slope High | 3.6 |
This recommendation only includes the following Comets
- Ethereum USDC
- Ethereum USDT
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 73
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x683a...D26C02 | 90,066 | FOR |
 0x2210...cCd02E | 85,633 | FOR |
 Wintermute Governance | 80,003 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 70,000 | FOR |
 0xed11...a5bb04 | 50,003 | FOR |
VOTE POWER
0
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Proposal Status
- Thu August 29 2024, 01:07 pmVoting Period Starts
- Sun September 01 2024, 07:11 amEnd Voting Period
- Sun September 01 2024, 07:12 amQueue Proposal
- Tue September 03 2024, 07:14 amExecute Proposal
Current Results
1-FOR
561,591.2
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens
Quorum 561,591.2/400,000