Offboarding WBTC

[bryancolligan]

To manage the WBTC risk posted Gauntlet has recommended the following risk configs were made:

[Gauntlet] - WBTC Risk Recommendations

Summary Gauntlet recommends the following risk parameter changes to WBTC markets: Asset Comet/Market Parameter Current Recommended WBTC USDC Mainnet Liquidation Penalty 5% 10% WBTC USDT Mainnet Liquidation Penalty 5% 10% WBTC WETH Mainnet Liquidation Penalty 5% 10% WBTC USDC OP Liquidation Penalty 5% 10% WBTC USDT OP Liquidation Penalty 5% 10% WBTC WETH Arb Liquidation Penalty 5% 10% WBTC USDC Arb Liquidation Penalty 8% 10% WBTC USDC.e Arb Liquidation Penalty 8% 10% WBTC …

While it’s understood there are new BTC products the liquidity has been thin to create markets and allows for higher supply caps. The Growth Program is always open to chat new assets and strategies. However, at this time there is demand for WBTC and we look forward to create a WBTC base market.

Add Market WBTC on Mainnet

Add Market WBTC on Mainnet The Compound Growth Program proposes the addition of a WBTC market on Mainnet. The recent movements in the BTC assets space where more and more yield-bearing BTC assets are coming up, are generating demand for WBTC as a base asset. Motivation Recently Symbiotic announced accepting Bticoin on the platform. Symbiotic, like EigenLayer facilitates recursive looping strategies. Also with Babylon, the BTC LSTs have also come into play. With multiple avenues of utilization o…

Appreciate the heads up and would be happy to support other BTC based products as their adoption grows!