[Gauntlet] USDC.e Comet Update: (2024-02-02 through 2024-02-08)
Gauntlet would like to provide the community with an update on the USDC.e comet over the past week.
Simple Summary
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USDC.e Borrows decreased 3.05%, from $19.02M to $18.44M.
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USDC.e Supply decreased 0.99%, from $21.63M to $21.42M.
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USDC.e utilization decreased 2.08%, from 87.91% to 86.08%.
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The minimum USDC.e reserve growth was 10.52%, and the maximum was 19.81%. The average USDC.e reserve growth was 13.97%.
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The comet accumulated $4.52K USDC.e reserves while distributing $26.04K COMP rewards for a weekly Net Protocol Profit of $-21.52K.
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.
