Summary

Gauntlet recommends the following risk recommendations to the protocol:

• Increase USDT Mainnet Comet’s wstETH Supply Cap from 15,000 to 22,000
• Increase WETH Base Comet’s ezETH Supply cap from 1,500 to 2,000
• Increase WETH Mainnet Comet’s ezETH supply cap from 12,000 to 18,000

Motivation

This recommendation aims to increase supply caps for wstETH on USDT Mainnet Comet, ezETH on WETH Mainnet and ezETH on WETH Base Comet. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets.

Full proposal and forum discussions can be found here, here and 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