September 2023
Summary
Sharing a recap of Gauntlet’s market risk management work with Compound in September 2023. See below for this past month’s work summary and a preview of what’s coming up in October.
Highlights
- Executed V2 USDC Deprecation (Phase 1) and V2 Deprecation (Phase 2)
- Executed Gauntlet <> Compound Renewal 2023
- Executed Arbitrum v3 USDC reward increase
- Published weekly market updates for all Compound comets: Arbitrum USDC, Arbitrum Native USDC, Polygon USDC, Ethereum USDC, Ethereum ETH, Base USDbC, Base WETH
Category | Work Completed | Commmentary |
---|---|---|
Quantitative Research | Continuous research on Incentive Optimization for Compound’s incentive rewards |
Incentives are used to bootstrap liquidity, promote growth, and facilitate decentralized governance growth. |
Recommendations | Executed V2 USDC Deprecation (Phase 1) and V2 Deprecation (Phase 2) Executed Arbitrum v3 USDC reward increase On-chain proposal for increasing WBTC supply cap on Arbitrum Native USDC comet |
Daily risk simulations and stress tests. |
Risk Modeling and Incentive Optimization | Weekly market updates for Arbitrum USDC, Arbitrum Native USDC, Polygon USDC, Ethereum USDC, Ethereum ETH, Base USDbC, Base WETH |
Risk modeling to provide insight into new market launches for Compound as well as protocol-wide initiatives. Data-driven incentive optimization to help bootstrap liquidity, promote growth and facilitate decentralized governance growth. |
Feature Upgrades | Launched Compound V3 Base Dashboard |
Gauntlet continuously upgrades its product offering. |
Risk Alerts | Continued updates from our alerting platform |
Risk monitoring and alerting is part of Gauntlet’s market risk management offfering. |
Upcoming Selected Work
- Proceed with phase 3 of the Compound V2 deprecation strategy
- Revisit Polygon USDC rewards recommendations
- Continuous monitoring of utilization levels and supply cap usage across all Compound comets
- Continue support of community initiatives and market alerts
We are happy to answer any questions or hear any feedback from the community.