[Gauntlet] Weekly Market Update: Ethereum USDC (2024-02-09 through 2024-02-15)
Gauntlet would like to provide the community with an update on the USDC comet over the past week.
Simple Summary
- Gauntlet has an outstanding proposal to increase UNI supply cap and WBTC Liquidation Factor.
- USDC Borrows increased 2.96%, from $396.52M to $408.25M.
- USDC Supply increased 2.7%, from $422.0M to $433.4M.
- USDC utilization increased 0.25%, from 93.96% to 94.2%.
- The minimum USDC reserve growth was 13.7%, and the maximum was 20.0%. The average USDC reserve growth was 15.48%.
- The comet accumulated $129.4K USDC reserves while distributing $141.05K COMP rewards for a weekly Net Protocol Profit of $-11.65K.
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.
