[Gauntlet] Weekly Market Updates: Arbitrum USDC Native

[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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-03-15 through 2024-03-21)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows decreased 57.98%, from $29.28M to $12.30M.
  • USDC Supply decreased 33.93%, from $31.34M to $20.71M.
  • USDC utilization decreased 36.39%, from 93.41% to 59.42%.
  • The minimum USDC reserve growth was 10.52%, and the maximum was 90.01%. The average USDC reserve growth was 33.48%.
  • The comet accumulated $58.70K USDC reserves while distributing $18.91K COMP rewards for a weekly Net Protocol Profit of $39.79K.

Reserve Analysis

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 3.33K 25.00 133.40

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.

[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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-03-29 through 2024-04-04)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week. The Arbitrum has been recovering since the incorrect IR parameter was inputted into the borrow curve. Gauntlet will be monitoring the inflow of USDC balances and collateral and will consider taking some actions to help incentivize further growth in the market. Gauntlet will be providing a GMX supply cap recommendation by next week.

Simple Summary

  • USDC Borrows increased 31.51%, from $14.22M to $18.71M.

  • USDC Supply increased 17.16%, from $18.11M to $21.22M.

  • USDC utilization increased 12.25%, from 78.55% to 88.17%.

  • The minimum USDC reserve growth was 6.76%, and the maximum was 16.63%. The average USDC reserve growth was 14.56%.

  • The comet accumulated $5.35K USDC reserves while distributing $13.10K COMP rewards for a weekly Net Protocol Profit of $-7.76K.

Base Asset APR Trend

Reserve Analysis

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 3.09K 25.00 123.70

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-04-05 through 2024-04-11)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Change in Weekly Update Schedule Announcement

In our continuous effort to enhance the communication and planning process within our community, we are pleased to announce an important change to our weekly update schedule. Effective immediately, the delivery of our weekly updates will transition from every Friday to every Monday. This adjustment will help us provide more comprehensive and timely information that includes the full spectrum of the past week’s events and updates, ensuring that all data is captured after the weekend.

The first update under this new schedule will be rolled out on Monday, April 22nd.

We appreciate your understanding and support as we implement this new schedule. As always, we are committed to keeping you informed and engaged with all the latest developments. If you have any questions or need further information, please do not hesitate to reach out to us.

Thank you for your continued partnership and trust in our efforts.

Simple Summary

  • USDC Borrows increased 2.77%, from $18.71M to $19.23M.

  • USDC Supply increased 2.03%, from $21.21M to $21.64M.

  • USDC utilization did not change, remaining at 88.22%.

  • The minimum USDC reserve growth was 13.80%, and the maximum was 16.64%. The average USDC reserve growth was 15.85%.

  • The comet accumulated $5.80K USDC reserves while distributing $12.69K COMP rewards for a weekly Net Protocol Profit of $-6.89K.

Base Asset APR Trend

Reserve Analysis

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 2.82K 25.00 113.00

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-04-15 through 2024-04-21)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows decreased 2.19%, from $14.08M to $13.77M.

  • USDC Supply decreased 1.31%, from $17.91M to $17.68M.

  • USDC utilization did not change, remaining at 78.60%.

  • The minimum USDC reserve growth was -11.03%, and the maximum was 6.81%. The average USDC reserve growth was 0.16%.

  • The comet accumulated $104.09 USDC reserves while distributing $9.61K COMP rewards for a weekly Net Protocol Profit of $-9.51K.

Base Asset APR Trend

Reserve Analysis

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 2.28K 25.00 91.00

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-04-22 through 2024-04-28)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week. We have reviewed the markets and no IR adjustments are necessary at this time.

Simple Summary

  • USDC Borrows increased 14.81%, from $13.78M to $15.82M.

  • USDC Supply increased 17.30%, from $17.68M to $20.74M.

  • USDC utilization decreased 2.12%, from 77.92% to 76.27%.

  • The minimum USDC reserve growth was 4.01%, and the maximum was 14.10%. The average USDC reserve growth was 10.12%.

  • The comet accumulated $2.11K USDC reserves while distributing $8.62K COMP rewards for a weekly Net Protocol Profit of $-6.51K.

Base Asset APR Trend

Reserve Analysis

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 2.21K 25.00 88.40

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-04-29 through 2024-05-05)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows increased 3.19%, from $16.00M to $16.51M.

  • USDC Supply has not changed, remaining at $20.22M.

  • USDC utilization increased 3.04%, from 79.15% to 81.55%.

  • The minimum USDC reserve growth was 7.03%, and the maximum was 10.72%. The average USDC reserve growth was 8.87%.

  • The comet accumulated $2.24K USDC reserves while distributing $9.96K COMP rewards for a weekly Net Protocol Profit of $-7.72K.

Base Asset APR Trend

Reserve Analysis

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 2.00K 25.00 80.00

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-05-06 through 2024-05-12)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows increased 2.69%, from $16.51M to $16.96M.

  • USDC Supply increased 7.04%, from $20.25M to $21.67M.

  • USDC utilization decreased 4.07%, from 81.55% to 78.24%.

  • The minimum USDC reserve growth was 4.69%, and the maximum was 10.68%. The average USDC reserve growth was 7.39%.

  • The comet accumulated $1.92K USDC reserves while distributing $9.72K COMP rewards for a weekly Net Protocol Profit of $-7.81K.

Base Asset APR Trend

Reserve Analysis

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 1.96K 25.00 78.40

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-05-13 through 2024-05-19)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows increased 1.19%, from $16.96M to $17.16M.

  • USDC Supply increased 1.68%, from $21.67M to $22.04M.

  • USDC utilization did not change, remaining at 78.25%.

  • The minimum USDC reserve growth was 2.60%, and the maximum was 7.76%. The average USDC reserve growth was 4.39%.

  • The comet accumulated $1.12K USDC reserves while distributing $9.67K COMP rewards for a weekly Net Protocol Profit of $-8.55K.

Base Asset APR Trend

Reserve Analysis

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 1.92K 25.00 76.90

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-05-20 through 2024-05-26)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows increased 7.30%, from $17.16M to $18.41M.

  • USDC Supply decreased 2.51%, from $22.04M to $21.48M.

  • USDC utilization increased 10.07%, from 77.87% to 85.71%.

  • The minimum USDC reserve growth was 6.09%, and the maximum was 16.64%. The average USDC reserve growth was 13.60%.

  • The comet accumulated $4.86K USDC reserves while distributing $10.74K COMP rewards for a weekly Net Protocol Profit of $-5.88K.

Base Asset APR Trend

Reserve Analysis

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 1.70K 25.00 68.10

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-05-27 through 2024-06-02)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows increased 5.10%, from $18.41M to $19.35M.

  • USDC Supply increased 1.50%, from $21.48M to $21.81M.

  • USDC utilization increased 3.55%, from 85.71% to 88.75%.

  • The minimum USDC reserve growth was 13.19%, and the maximum was 16.63%. The average USDC reserve growth was 15.40%.

  • The comet accumulated $5.71K USDC reserves while distributing $10.54K COMP rewards for a weekly Net Protocol Profit of $-4.84K.

Base Asset APR Trend

Reserve Analysis

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 1.67K 25.00 66.70

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-06-03 through 2024-06-09)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows increased 3.22%, from $19.35M to $19.98M.

  • USDC Supply increased 2.75%, from $21.81M to $22.41M.

  • USDC utilization did not change, remaining at 88.75%.

  • The minimum USDC reserve growth was 13.83%, and the maximum was 16.60%. The average USDC reserve growth was 15.21%.

  • The comet accumulated $6.58K USDC reserves while distributing $10.06K COMP rewards for a weekly Net Protocol Profit of $-3.48K.

Base Asset APR Trend

Reserve Analysis

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 1.64K 25.00 65.70

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.

[Gauntlet] Arbitrum USDC Comet Update: (2024-06-10 through 2024-06-16)

Gauntlet would like to provide the community with an update on the Arbitrum USDC comet over the past week.

Simple Summary

  • USDC Borrows decreased 3.18%, from $19.98M to $19.34M.

  • USDC Supply increased 2.78%, from $22.40M to $23.03M.

  • USDC utilization decreased 5.80%, from 89.16% to 83.99%.

  • The minimum USDC reserve growth was 11.59%, and the maximum was 16.62%. The average USDC reserve growth was 14.17%.

  • The comet accumulated $5.00K USDC reserves while distributing $9.28K COMP rewards for a weekly Net Protocol Profit of $-4.27K.

Base Asset APR Trend

Reserve Analysis

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 3.68K 25.00 147.20

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.