[Gauntlet] Base USDC Comet Update: (2024-05-06 through 2024-05-12)
Gauntlet would like to provide the community with an update on the Base USDC comet over the past week.
Simple Summary
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USDC Borrows decreased 3.80%, from $9.32M to $8.96M.
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USDC Supply decreased 7.07%, from $11.24M to $10.45M.
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USDC utilization increased 3.52%, from 82.85% to 85.77%.
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The minimum USDC reserve growth was 11.21%, and the maximum was 20.07%. The average USDC reserve growth was 16.93%.
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The comet accumulated $2.04K USDC reserves while distributing $10.89K COMP rewards for a weekly Net Protocol Profit of $-8.85K.
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 | 3.30K | 53.00 | 62.20 |
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.
