Hello everyone
I’m Franz from Beets team and would like to comment on the analysis from Gauntlet for Beets Staked Sonic ($stS) and Sonic ($S).
The analysis is very thorough and looks are a lot of parameters to be considered for various settings of the Comet. Chapeau for that, it was a great read!
However, I feel that the supply caps for stS and S in the USDC.e Comet is on the low side. The shared screenshots from Gauntlet of for trade slippage should use an aggregator instead of a single DEX to get more accurate results.
For example using Odos, you can see that 10M stS can be traded to USDC.e with 5.84% price impact
Using magpie, 10M stS can be traded to USDC.e with 10.27% price impact.
The same applies for S to USDC.e trade. 10M S can be traded to USDC.e on Odos with 5.87% slippage.
On Magpie it can be traded with 9.45% slippage
In light of this, I feel the supply caps for both stS and S in the USDC.e Comet should be reconsidered and possibly increased to 10M for both assets.
Attached are the links to the two aggregators used for the examples: