[Gauntlet] USDC Comet Update: (2024-02-02 through 2024-02-08)
Gauntlet would like to provide the community with an update on the USDC comet over the past week.
- Gauntlet is reviewing UNI liquidity and plan to make a recommendation the following week.
Simple Summary
- USDC Borrows increased 7.43%, from $369.06M to $396.48M.
- USDC Supply increased 5.03%, from $401.76M to $421.95M.
- USDC utilization increased 2.29%, from 91.86% to 93.96%.
- The minimum USDC reserve growth was 13.7%, and the maximum was 19.65%. The average USDC reserve growth was 16.61%.
- The comet accumulated $135.87K USDC reserves while distributing $133.96K COMP rewards for a weekly Net Protocol Profit of $1.92K.
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.
