KVORUM
compoundSource: Compound governor bravo · #128

Increase Compound III Supply Caps

executedOct 5, 2022, 12:47 PM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to increase Compound III supply caps for COMP (600,000), WBTC (6,000), and ETH (75,000), along with a market upgrade to a new implementation. This is a repost of a previous proposal that failed to reach quorum.

Type
parameter change

Key changes

  • Increase COMP supply cap to 600,000(high)
  • Increase WBTC supply cap to 6,000(high)
  • Increase ETH supply cap to 75,000(high)
  • Deploy new Configurator implementation and upgrade market(medium)

Notable concerns

  • This is a repost proposal due to previous failure to reach quorum
Contracts0xc3d688B66703497DAA19211EEdff47f25384cdc30x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e8779
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

124 words

Increase Compound III Supply Caps

This is a repost of Compound Proposal 127, given that the proposal did not reach quorum.

This proposal begins raising collateral supply caps, so that Compound III can continue expanding past its trial phase. The changes are specified on the governance forum and summarized below:

Proposed Supply Caps

75,000 ETH, 6,000 WBTC, 600,000 COMP

Proposal

The first three actions of the proposal raise supply caps for COMP, WBTC, and WETH accordingly, in the Configurator. The fourth action deploys a new implementation from the Configurator and upgrades the market to use the new implementation.

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. Review the decoded actions →

04Actions

4 total
#0updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "1": "0xc00e94Cb662C3520282E6f5717214004A7f26888",
  "2": "600000000000000000000000"
}
Calldata
#1updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "1": "0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599",
  "2": "600000000000"
}
Calldata
#2updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "1": "0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2",
  "2": "75000000000000000000000"
}
Calldata
#3deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3",
  "1": "0xc3d688B66703497DAA19211EEdff47f25384cdc3"
}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total
Filter:
VoterChoice% of totalRationale
680x683a…6c02For118.5K0.00%—4y ago
810x8169…9806For101K0.00%—4y ago
8D0x8d07…a265For70K0.00%—4y ago
DC0xdc1f…e432For50K0.00%—4y ago
070x0703…961bFor50K0.00%—4y ago
B70xb777…e1a5For50K0.00%—4y ago
180x18c8…e1d6For33K0.00%—4y ago
2B0x2b38…bf33For20K0.00%—4y ago
DAdakeshi.eth0xe3c9…6b21For20K0.00%—4y ago
0A0x0a09…b92eFor15K0.00%—4y ago
580x589c…9a4dFor10.5K0.00%—4y ago
A50xa5dc…d648For1.5K0.00%—4y ago
660x66cd…65f9For23.30.00%—4y ago
840x84e3…5a95For22.60.00%—4y ago
D30xd327…46c9For30.00%—4y ago
7B0x7b0b…abdeFor2.60.00%—4y ago
280x281f…9f3dFor1.20.00%—4y ago
100x1006…d48aFor0.50.00%—4y ago
490x49d2…0009For0.50.00%—4y ago
7E0x7e4d…4338For0.40.00%—4y ago
700x70df…1889For0.40.00%—4y ago
710x71cc…992bFor0.30.00%—4y ago
980x98a7…def8For0.30.00%—4y ago
9A0x9a84…5601For0.30.00%—4y ago
EA0xeabb…b75cFor0.30.00%—4y ago
630x63c4…9463For0.20.00%—4y ago
9A0x9a88…6e27For0.20.00%—4y ago
4E0x4ee0…a232For0.20.00%—4y ago
460x4668…c81aAbstain0.20.00%—4y ago
DB0xdb95…5aacFor0.20.00%—4y ago
F10xf15a…66bbFor0.20.00%—4y ago
C10xc1a6…9231For0.20.00%—4y ago
B50xb556…8deeFor0.20.00%—4y ago
CA0xca07…6d8dFor0.20.00%—4y ago
480x48b5…6950For0.10.00%—4y ago
220x227f…f36eFor0.10.00%—4y ago
2B0x2bb1…f93fAbstain0.10.00%—4y ago
160x1671…1047For0.10.00%—4y ago
1C0x1c05…4094For0.10.00%—4y ago
B10xb160…d2f1For0.10.00%—4y ago
650x6534…d7efFor0.10.00%—4y ago
3C0x3ce9…dc57For0.10.00%—4y ago
5A0x5a22…819dFor0.10.00%—4y ago
540x5488…78acFor0.10.00%—4y ago
1B0x1bea…6b13For0.10.00%—4y ago
060x06c4…66a2For0.10.00%—4y ago
160x16c4…d71fFor0.10.00%—4y ago
240x2474…acf8For0.10.00%—4y ago
780x78c9…2f25For0.10.00%—4y ago
DD0xdde5…0bb7For00.00%—4y ago
Showing 50

07Forum

AIForum synthesis by Kvorumclaude-haiku-4-5
sentiment · favorablethread · constructive

Arguments for

  • Protocol has operated successfully for one month without technical issues, bugs, or losses, demonstrating readiness to expand beyond initial conservative settings.— rleshner
  • Multiple collateral assets (ETH, WBTC, COMP) are already utilizing most of their current supply caps, with WBTC having spent multiple days constrained by its cap, indicating user demand is outpacing capacity.— rleshner
  • Proposed supply caps show low slippage risk relative to trading liquidity; ETH and WBTC liquidation scenarios show 3.57% and 4.47% slippage respectively, and COMP supply is modest compared to its $52m average daily volume.— pauljlei
  • Price declines in collateral assets since launch have reduced total USDC borrowable by users, making increases necessary to restore borrowing capacity.— rleshner

Arguments against

None surfaced.

Unresolved concerns

  • Raising supply caps could increase collateral liquidations and sales by liquidators, potentially causing slippage and cascading liquidations, though the severity remains unclear.— pauljlei

Notable participants

  • rleshnerProposer who initiated the discussion and provided rationale for supply cap increases based on protocol stability and user demand.
  • pauljleiGauntlet analyst who conducted market risk analysis, provided quantitative support for the proposal, and published Proposal 128 for voting.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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