Simple Summary
Gauntlet recommends the following supply cap adjustments to the protocol:
Supply Cap Recommendations
| Status | Comet | Asset | Supply Cap |
|---|---|---|---|
| Current | Linea USDC | wstETH | 340 |
| Proposed | Linea USDC | wstETH | 500 |
Rationale
- Over the past several weeks, there has been a substantial increase in supply cap usage for wstETH on Linea USDC.
- Liquidity can support liquidating the proposed cap increase with slippage less than the liquidation penalty.
Next Steps
- We welcome community feedback.