[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
- Welcome community feedback
- Submit on-chain proposal