Simple Summary
Gauntlet recommends adding additional COMP to the reward contracts of Arbitrum, Base, Ethereum and Optimism
| Chain | Reward Amount |
|---|---|
| Arbitrum | 5,940 |
| Base | 8,100 |
| Optimism | 2,430 |
| Ethereum | 32,220 |
Analysis
Below is the projected runway in each chain’s rewards contract.
| Chain | Rewards contract COMP token holdings | Current Daily COMP token reward distributions | Remaining days of runway (not including existing claimable rewards) |
|---|---|---|---|
| Polygon | 348 | 23.0 | 15 |
| Optimism | 1708.5 | 27.0 | 63 |
| Ethereum | 22535 | 358 | 62 |
| Base | 4680 | 90.0 | 52 |
| Arbitrum | 3861 | 66 | 58 |
Base, Arbitrum, Optimism and Ethereum currently have a runway with less than 90 days. Gauntlet recommends topping up an additional 3 months’ worth of runway for the above. Given our recent recommendation to set COMP rewards to 0 for Polygon, we don’t recommend topping up this contract with additional COMP.
Next Steps
Target on-chain vote - 4/22/24