Simple Summary
Gauntlet recommends the following supply cap adjustments to the protocol:
Supply Cap Recommendations
| Status | Comet | Asset | Supply Cap |
|---|---|---|---|
| Current | Unichain WETH | ezETH | 2,200 |
| Proposed | Unichain WETH | ezETH | 1,100 |
| Current | Unichain WETH | rsETH | 1,000 |
| Proposed | Unichain WETH | rsETH | 500 |
Rationale
The markets below have demonstrated low user demand over the past 30 days, with supply cap utilization consistently staying well below 1%. To reduce risk exposure to the protocol, we recommend lowering the supply caps for these markets by 50%. We note that cap reductions will not affect currently open positions.
| Comet | Asset | Supply Cap Utilization (maximum over last 30 days) |
|---|---|---|
| Unichain WETH | ezETH | 0.0% |
| Unichain WETH | rsETH | 0.0% |
Next Steps
- We welcome community feedback.