[Gauntlet] USDC.e Comet Update: (2024-02-02 through 2024-02-08)
Gauntlet would like to provide the community with an update on metrics from the Arbitrum USDC comet over the past week and will include any relevant recommendations. Gauntlet is continuing to monitor all the Compound markets. Gauntlet is aware of the asset supply caps that are close to full utilization. However, considering the need of USDC.e deprecation, Gauntlet will not provide supply cap increase recommendations.
Simple Summary
- USDC.e Borrows increased 3.19%, from $3.37M to $3.48M.
- USDC.e Supply decreased 0.2%, from $3.84M to $3.83M.
- USDC.e utilization increased 3.39%, from 87.79% to 90.77%.
- The minimum USDC.e reserve growth was 10.53%, and the maximum was 13.47%. The average USDC.e reserve growth was 11.7%.
- The comet accumulated $0.89K USDC.e reserves while distributing $0.0K COMP rewards for a weekly Net Protocol Profit of $0.89K.
Utilization
This graph shows the utilization (borrow / supply) of the base asset over the past week.
Supply Cap Usage
This graph shows the supply cap usage (supply / supply cap) of all collateral assets over the past week.
