[Gauntlet] Arbitrum USDC Comet Update: (2024-03-22 through 2024-03-28)
Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.
Simple Summary
- USDC Borrows increased 13.19%, from $12.30M to $13.92M.
- USDC Supply decreased 12.55%, from $20.71M to $18.11M.
- USDC utilization increased 29.43%, from 59.41% to 76.89%.
- The minimum USDC reserve growth was -22.73%, and the maximum was 85.52%. The average USDC reserve growth was 70.78%.
- The comet accumulated $76.06K USDC reserves while distributing $13.20K COMP rewards for a weekly Net Protocol Profit of $62.86K.
Base Asset APR Trend
Note: Recent abnormal spike in rates is due to an error occurred in Bridge wrapped actions to Arbitrum in the call to setBorrowPerYearInterestRateSlopeLow.
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 | 3.19K | 25.00 | 127.40 |
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.
