[Gauntlet] Supply Cap Recommendation Proposals

[Gauntlet] Supply Cap Recommendations (10/21/24)

Simple Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Increase Arbitrum V3 WETH Comet’s ezETH Supply Cap from 6400 to 10240.
  • Increase Base V3 WETH Comet’s ezETH Supply Cap from 2000 to 3200.
  • Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 220 to 440

Motivation

Arbitrum V3 WETH Comet - ezETH

Base V3 WETH Comet - ezETH

Optimism V3 WETH Comet’s wrsETH

Top Suppliers

Arbitrum V3 WETH Comet - ezETH

Base V3 WETH Comet - ezETH

wrsETH Unwrap Limit

Given the use of exchange rate oracles, gauntlet advises according to the available unwrap limit for wrsETH to rsETH, since unwrapping wrsETH to access the underlying or staked ETH is only possible through conversion to rsETH.

Chain Unwrap Limit
Optimism 1,258

Next Steps

  • Welcome feedback from the community
  • Post recommendations to on-chain proposal
1 Like

Given the increasing market demand for the following assets, Gauntlet recommends further cap changes

Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Increase WETH Optimism ezETH supply cap from 2,400 to 3,200
  • Increase USDC Optimism wstETH supply cap from 600 to 1,000
  • Increase USDC Arbitrum wstETH supply cap from 5,000 to 7,500
  • Increase USDC Arbitrum ezETH supply cap from 500 to 1,400

Analysis

Optimism

Slippage - Liquidating top 10 suppliers of wstETH USDC on Optimism

Arbitrum

Slippage - liquidating top 10 suppliers of wstETH USDC Comet on Arbitrum

25% Slippage - Supply Cap of ezETH USDC on Arbitrum

Next Step

  • Welcome community feedback
  • Submit on-chain proposal
1 Like

[Gauntlet] Supply Cap Recommendations (10/28/24)

Simple Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Increase Optimism V3 WETH Comet’s weETH Supply Cap from 400 to 600.
  • Increase Base V3 USDC Comet’s cbBTC Supply Cap from 45 to 72.

Motivation

Please review the daily utilization of Optimism V3 WETH Comet’s weETH and Base V3 USDC Comet’s cbBTC supply cap. Currently, the utilization has reached above 75%.

Optimism V3 WETH Comet - weETH

Base V3 USDC Comet - cbBTC

Top Suppliers

Optimism V3 WETH Comet - weETH

Base V3 USDC Comet - cbBTC

Slippage - Supply Cap of Optimism V3 WETH Comet - weETH

Next Steps

  • Welcome feedback from the community
  • Post recommendations to on-chain proposal
1 Like