[Gauntlet] Arbitrum USDC Comet Update: (2024-03-08 through 2024-03-14)
Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.
From this week, Gauntlet starts providing COMP rewards analysis in our weekly communication. Gauntlet will continue improving the weekly to better inform the community of the latest information.
Simple Summary
- USDC Borrows increased 8.83%, from $26.81M to $29.17M.
- USDC Supply increased 14.00%, from $28.09M to $32.03M.
- USDC utilization decreased 4.53%, from 95.42% to 91.09%.
- The minimum USDC reserve growth was 10.52%, and the maximum was 12.18%. The average USDC reserve growth was 10.78%.
- The comet accumulated $10.29K USDC reserves while distributing $25.00K COMP rewards for a weekly Net Protocol Profit of $-14.71K.
COMP Rewards Analysis
| Chain | CometRewards COMP token holdings | Daily aggregate COMP token reward distributions | Remaining days of rewards runway (not including existing claimable rewards) |
|---|---|---|---|
| Arbitrum | 3.63K | 40.00 | 90.70 |
Collateral Asset Supply
This graph shows the total supply of all collateral assets over the past week.
To see updated statistics, please see the live version of this graph here.
Base Asset Borrows
This graph shows the total borrows of the base asset over the past week.
To see updated statistics, please see the live version of this graph here.
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.
