[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
- Submit on-chain proposal