Gauntlet Scroll v3 USDC Initial Asset Listing Recommendations
Simple Summary
Gauntlet recommends the following initial parameter recommendations for the Scroll v3 USDC comet based on current liquidity conditions as of Jan 2024. Since the official launch of Scroll on Mainnet, the total assets circulating have reached $64M.
Risk Parameters
| Asset | Collateral Factor | Liquidation Factor | Liquidation Penalty | Supply Cap |
|---|---|---|---|---|
| WETH | 80% | 85% | 10% | 300 ($757k) |
| wstETH | 75% | 80% | 15% | 50 ($145k) |
Storefront Price Factor: 60%
IR Curve Parameters
IR Curve: Same as BASE USDbC
| IR Parameter | Value |
|---|---|
| borrow per year interest rate base | 0.015 |
| borrow per year interest rate slope low | 0.053 |
| borrow kink | 0.85 |
| borrow per year interest rate slope high | 1.8 |
| supply per year interest rate base | 0 |
| supply per year interest rate slope low | 0.048 |
| supply kink | 0.85 |
| supply per year interest rate slope high | 1.6 |
Supporting Data
Since the initialization of the chain on October 17, 2023, circulating supply of tokens has increased to $64M with $29M in TVL.
Contracts and Tokenomics
| Token | Contract | Circulating Supply | Token Holders | DEX 25% Slippage |
|---|---|---|---|---|
| WETH | 0x5300000000000000000000000000000000000004 | 1,465 | 38,036 | 1000 |
| wstETH | 0xf610A9dfB7C89644979b4A0f27063E9e7d7Cda32 | 2,852 | 5,347 | 45 |
Next Steps
We welcome community feedback.