[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
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2 Likes
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
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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
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1 Like
[Gauntlet] - Supply Cap Recommendations - (2024-11-04)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase WETH Mainnet ezETH supply cap from 50,000 to 80,000
Increase WETH Mainnet rsETH supply cap from 5,000 to 10,000
Analysis
Top 5 Supply Positions for ezETH in WETH Mainnet Comet
The top 2 largest suppliers for ezETH make up for all most all of the supply cap.
Top 5 Supply Positions for rsETH in WETH Mainnet Comet
Given the employement of Exchange Rate oracles, the only pathway to liquidation would be accrual of interest. Given the supplies, the largest positions show significant health as seen in their collateralization ratios.
Next Step
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[Gauntlet] Supply Cap Recommendations (11/05/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Optimism V3 USDT Comet’s wstETH Supply Cap from 400 to 800.
Utilization
Top Suppliers
Optimism V3 USDT Comet - wstETH
Next Steps
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[Gauntlet] Supply Cap Recommendations (11/11/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Base V3 USDC Comet’s cbBTC Supply Cap from 45 to 90.
Utilization
Top Suppliers
Base V3 USDC Comet’s cbBTC
Next Steps
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[Gauntlet] Supply Cap Recommendations (11/12/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Mainnet V3 WETH Comet’s rsETH Supply Cap from 5000 to 37000.
Increase Optimism V3 USDC Comet’s wstETH Supply Cap from 600 to 1200.
Increase Arbitrum V3 WETH Comet’s ezETH Supply Cap from 10,240 to 12000.
Utilization
Top Suppliers
Optimism V3 USDC Comet’s wstETH
Next Steps
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[Gauntlet] Supply Cap Recommendations (11/26/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Mainnet V3 USDT Comet’s sFRAX Supply Cap from 10,000,000 to 20,000,000.
Increase Base V3 WETH Comet’s weETH Supply Cap from 2100 to 4200.
Increase Base V3 USDC Comet’s cbBTC Supply Cap from 90 to 180.
Utilization
Top Suppliers
Mainnet V3 USDT Comet’s sFRAX
Base V3 WETH Comet’s weETH
Base V3 USDC Comet’s cbBTC
Slippage
Next Steps
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[Gauntlet] Supply Cap Recommendations (11/27/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 440 to 560.
Utilization
Top Suppliers
Optimism V3 WETH Comet
Next Steps
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[Gauntlet] Supply Cap Recommendations (12/03/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Ethereum V3 USDC Comet’s cbBTC Supply Cap from 93 to 180.
Utilization
Top Suppliers
Ethereum V3 USDC Comet’s cbBTC
Next Steps
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[Gauntlet] Supply Cap Recommendations (12/04/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Ethereum V3 USDC Comet’s LINK Supply Cap from 1,000,000 to 2,000,000.
Utilization
Top Suppliers
Ethereum V3 USDC Comet’s LINK
Slippage
Next Steps
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[Gauntlet] Supply Cap Recommendations (12/05/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Base V3 USDC Comet’s wstETH Supply Cap from 700 to 1400.
Utilization
Top Suppliers
Base V3 USDC Comet’s wstETH
Slippage
Next Steps
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[Gauntlet] Supply Cap Recommendations (12/09/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Base V3 USDC Comet’s cbBTC Supply Cap from 90 to 180.
Utilization
Top Suppliers
Base V3 USDC Comet’s cbBTC
Next Steps
Welcome feedback from the community
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[Gauntlet] Supply Cap Recommendations (12/11/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 440 to 520.
Utilization
Next Steps
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Tane
December 12, 2024, 2:10am
15
We have a couple of questions:
sFRAX supply cap has been increased since 12/9, but the graph only shows the utilization data until 12/8. We don’t have a clear idea about how the additional increase is needed based on this.
According to the screenshot of the top supplier data, only a little over 10M has been supplied, which hasn’t been changed. Any other big suppliers that are supposed to be shown in this graph?
Would you provide the address of the sFRAX top supplier in text, not in an image?
[Gauntlet] Supply Cap Recommendations (12/16/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Ethereum V3 USDT Comet’s sFRAX Supply Cap from 20,000,000 to 24,000,000.
Increase Base V3 WETH Comet’s weETH Supply Cap from 4,200 to 15,000.
Increase Base V3 USDC Comet’s wstETH Supply Cap from 1,400 to 3,000.
Utilization
Base V3 USDC Comet’s wstETH
Slippage
Base V3 USDC Comet’s wstETH
Next Steps
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[Gauntlet] Supply Cap Recommendations (12/19/24)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Ethereum V3 USDC Comet’s cbBTC Supply Cap from 180 to 650.
Increase Optimism V3 WETH Comet’s weETH Supply Cap from 600 to 800.
Slippage
Next Steps
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[Gauntlet] - Supply Cap Recommendations - (1/4/25)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase USDC Mainnet cbBTC supply cap from 650 to 900
Increase USDT Mainnet cbBTC supply cap from 93 to 500
Increase USDT Mainnet sFRAX supply cap from 20,000,000 to 30,000,000
Increase USDT Mainnet wstETH supply cap from 45,000 to 60,000
Increase WETH Optimism wrsETH supply cap from 520 to 800
Increase WETH Optimism weETH supply cap from 800 to 1000
Analysis
Supply caps for assets in WETH Comets across all chains that use exchange rate can be effectively increased relative to the circulating supply on the respective chain.
Mainnet Comets
cbBTC USDC Mainnet - Top 10 Suppliers
cbBTC USDT Mainnet - Top 10 Suppliers
sFRAX USDT Mainnet - Top 10 Suppliers
wstETH USDT Mainnet - Top 10 Suppliers
Next Step
[Gauntlet] - Supply Cap Recommendations - (1/6/25)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase WETH Optimism wstETH supply cap from 1300 to 3900
Increase WETH Optimism rETH supply cap from 470 to 1200
Analysis
Supply caps for assets in WETH Comets across all chains that use exchange rate can be effectively increased relative to the circulating supply on the respective chain.
Next Step
1 Like
[Gauntlet] Supply Cap Recommendations (01/15/25)
Simple Summary
Gauntlet recommends the following risk recommendations to the protocol:
Increase Ethereum V3 USDC Comet’s tBTC Supply Cap from 285 to 570.
Utilization
Top Positions
Next Steps
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