[Gauntlet] Ethereum WETH Comet Update: (2024-05-06 through 2024-05-12)
Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.
Simple Summary
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WETH Borrows increased 7.73%, from $106.81M to $115.07M.
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WETH Supply decreased 2.36%, from $208.16M to $203.26M.
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WETH utilization increased 10.33%, from 51.31% to 56.61%.
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The minimum WETH reserve growth was -7.72%, and the maximum was -0.05%. The average WETH reserve growth was -4.61%.
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The comet accumulated $-1.66K WETH reserves while distributing $33.88K COMP rewards for a weekly Net Protocol Profit of $-35.54K.
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) |
|---|---|---|---|
| Ethereum | 25.44K | 312.00 | 81.50 |
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.
