[Gauntlet] WETH Comet Update: (2024-02-02 through 2024-02-08)
Gauntlet would like to provide the community with an update on the WETH comet over the past week.
Simple Summary
- WETH Borrows increased 8.04%, from $64.21M to $69.38M.
- WETH Supply increased 2.16%, from $127.21M to $129.96M.
- WETH utilization increased 5.76%, from 50.47% to 53.38%.
- The minimum WETH reserve growth was -17.19%, and the maximum was 7.52%. The average WETH reserve growth was -11.2%.
- The comet accumulated $-2.88K WETH reserves while distributing $26.24K COMP rewards for a weekly Net Protocol Profit of $-29.12K.
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.
