Simple Summary
Gauntlet recommends the following risk parameter updates for the Polygon v3 USDT comet:
- Increase WBTC Supply Cap from 90 to 180
Analysis
Supply Cap Usage
Top Suppliers of WBTC
The top supplier of WBTC has a health factor of approximately 12, making liquidation highly unlikely. This position has the capacity to open a debt position of up to $2.8M, and there is sufficient DEX liquidity on Polygon to support the liquidation of such a position if necessary.
Next Steps
- Add risk recommendations to on-chain proposal