executedEnds a year ago · Onchain
Compound v3 Base USDbC Collateral Factor Reduction & Interest Rate Recommendations (September 2024)
By 0x4D80...42Ef4B
Continue Reading
Summary
Gauntlet recommends the following risk recommendations to the protocol:
- Decrease WETH Liquidation Collateral Factor from 84% to 74%
- Decrease cbETH Liquidation Collateral Factor from 80% to 70%
- Decrease WETH Borrow Collateral Factor from 79% to 69%
- Decrease cbETH Borrow Collateral Factor from 75% to 65%
- Decreasee WETH Supply Cap from 11,000 to 1,100
- Decreasee cbETH Supply Cap from 7,500 to 350
Gauntlet also recommends setting the Base USDbC IR curves to the following parameters:
| Parameter | Recommended Value |
|---|---|
| Annual Supply Interest Rate Base | 0 |
| Annual Supply Interest Rate Slope Low | 0.025 |
| Supply Kink | 0.9 |
| Annual Supply Interest Rate Slope High | 4.3 |
| Annual Borrow Interest Rate Base | 0.025 |
| Annual Borrow Interest Rate Slope Low | 0.045 |
| Borrow Kink | 0.9 |
| Annual Borrow Interest Rate Slope High | 6 |
Motivation
This recommendation aims to proceed with Compound v3 Base USDbC deprecation.
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 18
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2210...cCd02E | 81,473 | FOR |
 Wintermute Governance | 80,003 | FOR |
 0x66cD...B765F9 | 80,000 | FOR |
 0x3FB1...2d4C8A | 80,000 | FOR |
 0xB49f...EC7948 | 80,000 | FOR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Thu October 10 2024, 05:06 pmVoting Period Starts
- Sun October 13 2024, 11:19 amEnd Voting Period
- Sun October 13 2024, 11:21 amQueue Proposal
- Thu October 17 2024, 04:55 amExecute Proposal
Current Results
1-FOR
508,369
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens
Quorum 508,369/400,000