[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