[Gauntlet] Weekly Market Updates: Ethereum WETH

[Gauntlet] Ethereum WETH Comet Update: (2024-03-29 through 2024-04-04)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week. Gauntlet is monitoring the current utilization within the WETH market since it has decrease significantly the past week. We have provided a recommendation to the forums to optimize the IR curves to better incentive higher utilization. We plan to submit the recommendation on-chain next week.

Simple Summary

  • WETH Borrows decreased 13.44%, from $122.56M to $106.09M.

  • WETH Supply increased 9.66%, from $190.71M to $209.13M.

  • WETH utilization decreased 21.07%, from 64.27% to 50.73%.

  • The minimum WETH reserve growth was -14.10%, and the maximum was 15.95%. The average WETH reserve growth was 2.80%.

  • The comet accumulated $2.55K WETH reserves while distributing $36.69K COMP rewards for a weekly Net Protocol Profit of $-34.13K.

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 33.04K 292.00 113.10

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-04-05 through 2024-04-11)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Change in Weekly Update Schedule Announcement

In our continuous effort to enhance the communication and planning process within our community, we are pleased to announce an important change to our weekly update schedule. Effective immediately, the delivery of our weekly updates will transition from every Friday to every Monday. This adjustment will help us provide more comprehensive and timely information that includes the full spectrum of the past week’s events and updates, ensuring that all data is captured after the weekend.

The first update under this new schedule will be rolled out on Monday, April 22nd.

We appreciate your understanding and support as we implement this new schedule. As always, we are committed to keeping you informed and engaged with all the latest developments. If you have any questions or need further information, please do not hesitate to reach out to us.

Thank you for your continued partnership and trust in our efforts.

Simple Summary

  • WETH Borrows increased 5.02%, from $106.13M to $111.46M.

  • WETH Supply decreased 13.41%, from $209.21M to $181.15M.

  • WETH utilization increased 21.28%, from 50.73% to 61.53%.

  • The minimum WETH reserve growth was -17.39%, and the maximum was 3.20%. The average WETH reserve growth was -8.53%.

  • The comet accumulated $-3.52K WETH reserves while distributing $35.54K COMP rewards for a weekly Net Protocol Profit of $-39.05K.

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 31.39K 292.00 107.50

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-04-15 through 2024-04-21)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows increased 7.10%, from $98.93M to $105.95M.

  • WETH Supply increased 38.12%, from $143.14M to $197.70M.

  • WETH utilization decreased 22.46%, from 69.12% to 53.59%.

  • The minimum WETH reserve growth was -9.44%, and the maximum was 8.30%. The average WETH reserve growth was -3.62%.

  • The comet accumulated $-1.10K WETH reserves while distributing $26.92K COMP rewards for a weekly Net Protocol Profit of $-28.01K.

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 28.16K 292.00 96.40

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-04-22 through 2024-04-28)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week. We have reviewed the markets and no IR adjustments are necessary at this time.

Simple Summary

  • WETH Borrows decreased 5.60%, from $106.15M to $100.21M.

  • WETH Supply decreased 3.60%, from $198.07M to $190.95M.

  • WETH utilization decreased 2.07%, from 53.59% to 52.48%.

  • The minimum WETH reserve growth was -8.91%, and the maximum was -4.54%. The average WETH reserve growth was -7.22%.

  • The comet accumulated $-2.04K WETH reserves while distributing $24.15K COMP rewards for a weekly Net Protocol Profit of $-26.18K.

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 27.54K 292.00 94.30

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-04-29 through 2024-05-05)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows have not changed, remaining at $107.38M.

  • WETH Supply increased 9.75%, from $189.03M to $207.45M.

  • WETH utilization decreased 9.67%, from 56.81% to 51.31%.

  • The minimum WETH reserve growth was -9.04%, and the maximum was 5.55%. The average WETH reserve growth was -3.89%.

  • The comet accumulated $-1.31K WETH reserves while distributing $27.88K COMP rewards for a weekly Net Protocol Profit of $-29.20K.

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 26.39K 292.00 90.40

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.

[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

  • WETH Borrows increased 7.73%, from $106.81M to $115.07M.

  • WETH Supply decreased 2.36%, from $208.16M to $203.26M.

  • WETH utilization increased 10.33%, from 51.31% to 56.61%.

  • The minimum WETH reserve growth was -7.72%, and the maximum was -0.05%. The average WETH reserve growth was -4.61%.

  • 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.

[Gauntlet] Ethereum WETH Comet Update: (2024-05-13 through 2024-05-19)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows decreased 2.51%, from $115.11M to $112.22M.

  • WETH Supply decreased 33.15%, from $203.33M to $135.93M.

  • WETH utilization increased 45.83%, from 56.61% to 82.56%.

  • The minimum WETH reserve growth was -3.38%, and the maximum was 15.52%. The average WETH reserve growth was 12.36%.

  • The comet accumulated $5.96K WETH reserves while distributing $34.81K COMP rewards for a weekly Net Protocol Profit of $-28.84K.

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 24.13K 312.00 77.30

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-05-20 through 2024-05-26)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows increased 21.63%, from $112.58M to $136.94M.

  • WETH Supply increased 24.26%, from $136.36M to $169.44M.

  • WETH utilization decreased 2.11%, from 82.56% to 80.82%.

  • The minimum WETH reserve growth was 8.88%, and the maximum was 15.41%. The average WETH reserve growth was 13.40%.

  • The comet accumulated $7.16K WETH reserves while distributing $38.66K COMP rewards for a weekly Net Protocol Profit of $-31.50K.

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 21.14K 312.00 67.70

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-05-27 through 2024-06-02)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows decreased 3.50%, from $137.51M to $132.69M.

  • WETH Supply decreased 5.32%, from $170.14M to $161.09M.

  • WETH utilization increased 1.92%, from 80.82% to 82.37%.

  • The minimum WETH reserve growth was 12.48%, and the maximum was 14.28%. The average WETH reserve growth was 13.52%.

  • The comet accumulated $7.43K WETH reserves while distributing $37.96K COMP rewards for a weekly Net Protocol Profit of $-30.53K.

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 19.13K 312.00 61.30

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-06-03 through 2024-06-09)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows decreased 9.28%, from $132.21M to $119.95M.

  • WETH Supply decreased 12.02%, from $160.51M to $141.22M.

  • WETH utilization increased 3.12%, from 82.37% to 84.94%.

  • The minimum WETH reserve growth was 12.07%, and the maximum was 15.52%. The average WETH reserve growth was 14.36%.

  • The comet accumulated $8.89K WETH reserves while distributing $36.21K COMP rewards for a weekly Net Protocol Profit of $-27.33K.

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 18.62K 312.00 59.70

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.

[Gauntlet] Ethereum WETH Comet Update: (2024-06-10 through 2024-06-16)

Gauntlet would like to provide the community with an update on the Ethereum WETH comet over the past week.

Simple Summary

  • WETH Borrows have not changed, remaining at $119.48M.

  • WETH Supply has not changed, remaining at $140.66M.

  • WETH utilization did not change, remaining at 84.94%.

  • The minimum WETH reserve growth was 14.08%, and the maximum was 15.49%. The average WETH reserve growth was 15.07%.

  • The comet accumulated $7.50K WETH reserves while distributing $33.40K COMP rewards for a weekly Net Protocol Profit of $-25.89K.

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 45.30K 312.00 145.20

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.