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executedEnded 2 years ago ยท  Onchain

MIP-O01: Gauntlet's Optimism Recommendations

By 0x8416...7C244d

General recommendations for Optimism market:

Caps

Risk ParameterPrevious Recommended ValueNew Recommended Value
WETH Supply Cap4,0003200
WETH Borrow Cap3,4002700
USDC Supply Cap18,200,000No Change
USDC Borrow Cap17,000,000No Change
USDT Supply Cap22,600,000No Change
USDT Borrow Cap18,400,000No Change
DAI Supply Cap2,400,000No Change
DAI Borrow Cap2,000,000No Change
WBTC Supply Cap7066
WBTC Borrow Cap4540
wstETH Supply Cap1,8501500
wstETH Borrow Cap850750
rETH Supply Cap800750
rETH Borrow Cap380350
cbETH Supply Cap3030
cbETH Borrow Cap00
OP Supply Cap2,000,0001,400,000
OP Borrow Cap1,000,000650,000
VELO Supply Cap19,500,0009,000,000
VELO Borrow Cap9,000,0004,500,000

LTs and RFs

Risk ParameterRecommended Value
WETH Collateral Factor81%
WETH Reserve Factor10%
USDC Collateral Factor83%
USDC Reserve Factor5%
USDT Collateral Factor83%
USDT Reserve Factor5%
DAI Collateral Factor83%
DAI Reserve Factor5%
WBTC Collateral Factor81%
WBTC Reserve Factor10%
wstETH Collateral Factor78%
wstETH Reserve Factor10%
rETH Collateral Factor78%
rETH Reserve Factor10%
cbETH Collateral Factor78%
cbETH Reserve Factor10%
OP Collateral Factor65%
OP Reserve Factor25%
VELO Collateral Factor65%
VELO Reserve Factor25%

IRs

IR ParametersUSDCDAIUSDTWETHWBTC
Base0000.020.02
Kink0.80.80.80.80.6
Multiplier0.0750.0750.0750.0550.065
Jump Multiplier2.52.52.553
IR ParameterscbETHwsETHrETHOPVELO
Base0.020.020.020.020.02
Kink0.450.450.450.450.45
Multiplier0.0650.0650.0650.10.1
Jump Multiplier3333.153.15

Protocol Seize share

AssetUSDCUSDTDAIWETHWBTCcbETHwstETHrETHVELOOP
Protocol Seize Share30%30%30%30%30%30%30%30%30%30%

Our recommendation post is located in the forums, please refer to this link. 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

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Connect Wallet to Add Note
0
Votes 185
VoterCast PowerVote & Rationale
0xA28A...3a7671
31.121M

ABSTAIN

0xb6cb...82E698
29.028M

FOR

0x80f3...f04e06
20.181M

FOR

0x7a4f...eE968f
12.435M

FOR

0x4319...f8D250
5.69M

FOR

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VOTE POWER
0
Connect Wallet
Proposal Status
  • Tue August 06 2024, 02:22 amPublished Onchain 0x8416...7C244d
  • Tue August 06 2024, 02:22 amVoting Period Starts
  • Fri August 09 2024, 02:22 amEnd Voting Period
  • Queue Proposal
  • Sat August 10 2024, 02:24 amExecute Proposal
Current Results

1-FOR

92.708M

74.87%

2-ABSTAIN

31.121M

25.13%

3-AGAINST

N/A Tokens

0%
Quorum 123.83M/100M
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