[Gauntlet] Base USDbC Comet Update: (2024-04-05 through 2024-04-11)
Gauntlet would like to provide the community with an update on the Base USDbC 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
-
USDbC Borrows increased 6.82%, from $11.01M to $11.76M.
-
USDbC Supply increased 34.52%, from $12.46M to $16.77M.
-
USDbC utilization decreased 20.59%, from 88.32% to 70.13%.
-
The minimum USDbC reserve growth was 7.19%, and the maximum was 20.07%. The average USDbC reserve growth was 13.89%.
-
The comet accumulated $1.81K USDbC reserves while distributing $6.60K COMP rewards for a weekly Net Protocol Profit of $-4.79K.
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) |
|---|---|---|---|
| Base | 6.10K | 56.00 | 109.00 |
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.
