[Gauntlet] Arbitrum v3 USDC Native Update (10/13/2023 - 10/19/2023)
Gauntlet would like to provide the community with an update on metrics from the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows are up 5.84%, from $6.75M to $7.15M.
- USDC Supply is up 2.45%, from $10.07M to $10.31M.
- USDC utilization increased 3.31%, from 67.2% to 69.5%.
- The minimum USDC reserve growth was 14.8%, and the maximum was 17.3%. The average USDC reserve growth was 16.1%.
- The comet accumulated $0.83k USDC reserves while distributing $11.3k COMP rewards for a weekly Net Protocol Profit of $-10.47k.
Analysis
Below are metrics of the market and parameters over the past week. Note that collateral supply values are normalized to end date token prices, in order to get an idea of intentional user behavior as opposed to fluctuations in underlying token prices.
Market Growth
Total Collateral (USD) is up 4.43%, from $12.46M to $13.02M.
USDC Supply is up 2.45%, from $10.07M to $10.31M.
USDC Borrows are up 5.84%, from $6.75M to $7.15M.
USDC utilization increased 3.31%, from 67.2% to 69.5%.
Supply Caps
Above are the current supply cap utilizations for each collateral asset.
Above is a time series of supply cap utilization for each asset over the past week.
Utilization and Reserves
The minimum USDC utilization was 66.2%, and the maximum was 69.5%.
The minimum USDC reserve growth was 14.8%, and the maximum was 17.3%. The average USDC reserve growth was 16.1%.
The comet accumulated $0.83k USDC reserves while distributing $11.3k COMP rewards for a weekly Net Protocol Profit of $-10.47k.
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[Gauntlet] Arbitrum v3 USDC Native Update (10/20/2023 - 10/26/2023)
Gauntlet would like to provide the community with an update on metrics from the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows are up 25.27%, from $7.15M to $8.95M.
- USDC Supply is up 5.61%, from $10.31M to $10.89M.
- USDC utilization increased 18.56%, from 69.5% to 82.4%.
- The minimum USDC reserve growth was 2.1%, and the maximum was 23.9%. The average USDC reserve growth was 16.2%.
- The comet accumulated $0.93k USDC reserves while distributing $12.33k COMP rewards for a weekly Net Protocol Profit of $-11.4k.
Analysis
Below are metrics of the market and parameters over the past week. Note that collateral supply values are normalized to end date token prices, in order to get an idea of intentional user behavior as opposed to fluctuations in underlying token prices.
Market Growth
Total Collateral (USD) is up 23.61%, from $15.58M to $19.26M.
USDC Supply is up 5.61%, from $10.31M to $10.89M.
USDC Borrows are up 25.27%, from $7.15M to $8.95M.
USDC utilization increased 18.56%, from 69.5% to 82.4%.
Supply Caps
Above are the current supply cap utilizations for each collateral asset.
Above is a time series of supply cap utilization for each asset over the past week.
Utilization and Reserves
The minimum USDC utilization was 65.1%, and the maximum was 85.1%.
The minimum USDC reserve growth was 2.1%, and the maximum was 23.9%. The average USDC reserve growth was 16.2%.
The comet accumulated $0.93k USDC reserves while distributing $12.33k COMP rewards for a weekly Net Protocol Profit of $-11.4k.
[Gauntlet] Arbitrum v3 USDC Native Update (10/27/2023 - 11/02/2023)
Gauntlet would like to provide the community with an update on metrics from the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows are up 26.32%, from $8.95M to $11.31M.
- USDC Supply is up 21.92%, from $10.89M to $13.28M.
- USDC utilization increased 3.75%, from 82.4% to 85.4%.
- The minimum USDC reserve growth was -7.9%, and the maximum was 18.0%. The average USDC reserve growth was 6.9%.
- The comet accumulated $0.62k USDC reserves while distributing $12.96k COMP rewards for a weekly Net Protocol Profit of $-12.34k.
Analysis
Below are metrics of the market and parameters over the past week. Note that collateral supply values are normalized to end date token prices, in order to get an idea of intentional user behavior as opposed to fluctuations in underlying token prices.
Market Growth
Total Collateral (USD) is up 20.02%, from $20.0M to $24.01M.
USDC Supply is up 21.92%, from $10.89M to $13.28M.
USDC Borrows are up 26.32%, from $8.95M to $11.31M.
USDC utilization increased 3.75%, from 82.4% to 85.4%.
Supply Caps
Above are the current supply cap utilizations for each collateral asset.
Above is a time series of supply cap utilization for each asset over the past week. We will follow up next week with an update on ARB and WBTC supply cap recommendations.
Utilization and Reserves
The minimum USDC utilization was 81.1%, and the maximum was 90.1%.
The minimum USDC reserve growth was -7.9%, and the maximum was 18.0%. The average USDC reserve growth was 6.9%.
The comet accumulated $0.62k USDC reserves while distributing $12.96k COMP rewards for a weekly Net Protocol Profit of $-12.34k.
[Gauntlet] Arbitrum v3 USDC Native Update (11/03/2023 - 11/09/2023)
Gauntlet would like to provide the community with an update on metrics from the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows are up 22.25%, from $11.31M to $13.82M.
- USDC Supply is up 24.18%, from $13.28M to $16.49M.
- USDC utilization decreased 1.83%, from 85.3% to 83.8%.
- The minimum USDC reserve growth was -10.6%, and the maximum was 24.1%. The average USDC reserve growth was 0.9%.
- The comet accumulated $0.03k USDC reserves while distributing $14.11k COMP rewards for a weekly Net Protocol Profit of $-14.09k.
Analysis
Below are metrics of the market and parameters over the past week. Note that collateral supply values are normalized to end date token prices, in order to get an idea of intentional user behavior as opposed to fluctuations in underlying token prices.
Market Growth
Total Collateral (USD) is up 15.09%, from $24.4M to $28.08M.
USDC Supply is up 24.18%, from $13.28M to $16.49M.
USDC Borrows are up 22.25%, from $11.31M to $13.82M.
USDC utilization decreased 1.83%, from 85.3% to 83.8%.
Supply Caps
Above are the current supply cap utilizations for each collateral asset.
Above is a time series of supply cap utilization for each asset over the past week.
Utilization and Reserves
The minimum USDC utilization was 80.0%, and the maximum was 92.5%.
The minimum USDC reserve growth was -10.6%, and the maximum was 24.1%. The average USDC reserve growth was 0.9%.
The comet accumulated $0.03k USDC reserves while distributing $14.11k COMP rewards for a weekly Net Protocol Profit of $-14.09k.
[Gauntlet] Arbitrum v3 USDC Native Update: (11/10/23 - 11/16/23)
Gauntlet would like to provide the community with an update on the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows increased 9.92%, from $13.85M to $15.22M.
- USDC Supply increased 2.73%, from $16.49M to $16.94M.
- USDC utilization increased 7.0%, from 83.98% to 89.85%.
- The minimum USDC reserve growth was -9.82%, and the maximum was 19.26%. The average USDC reserve growth was -1.38%.
- The comet accumulated $-0.39K USDC reserves while distributing $15.17K COMP rewards for a weekly Net Protocol Profit of $-15.56K.
Collateral Asset Supply
This graph shows the time series of total supply of all collateral assets.
To see updated statistics, please see the live version of this graph here.
USDC Borrows
This graph shows the time series of USDC borrows.
To see updated statistics, please see the live version of this graph here.
Utilization
This graph shows the utilization (borrow / supply) of USDC 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.
[Gauntlet] Arbitrum v3 USDC Native Update: (11/17/23 - 11/23/23)
Gauntlet would like to provide the community with an update on the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows increased 0.91%, from $15.9M to $16.05M.
- USDC Supply decreased 2.91%, from $18.59M to $18.05M.
- USDC utilization increased 3.93%, from 85.53% to 88.89%.
- The minimum USDC reserve growth was -6.24%, and the maximum was 2.95%. The average USDC reserve growth was -1.6%.
- The comet accumulated $-0.09K USDC reserves while distributing $3.92K COMP rewards for a weekly Net Protocol Profit of $-4.0K.
Asset Supply
This graph shows the time series of total supply of all assets.
To see updated statistics, please see the live version of this graph here.
USDC Borrows
This graph shows the time series of USDC borrows.
To see updated statistics, please see the live version of this graph here.
Utilization
This graph shows the utilization (borrow / supply) of USDC 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.
[Gauntlet] Arbitrum v3 USDC Native Update: (11/24/23 - 11/30/23)
Gauntlet would like to provide the community with an update on the Arbitrum v3 USDC Native comet over the past week.
Simple Summary
- USDC Borrows increased 4.4%, from $16.02M to $16.73M.
- USDC Supply increased 7.97%, from $18.08M to $19.52M.
- USDC utilization decreased 3.31%, from 88.61% to 85.68%.
- The minimum USDC reserve growth was -5.71%, and the maximum was 14.59%. The average USDC reserve growth was 3.01%.
- The comet accumulated $0.39K USDC reserves while distributing $12.4K COMP rewards for a weekly Net Protocol Profit of $-12.01K.
Asset Supply
This graph shows the time series of total supply of all assets.
To see updated statistics, please see the live version of this graph here.
USDC Borrows
This graph shows the time series of USDC borrows.
To see updated statistics, please see the live version of this graph here.
Utilization
This graph shows the utilization (borrow / supply) of USDC 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.
