KVORUM
compoundSource: Compound governor bravo · #219

[Gauntlet] 2024-02-19: BASE v3 & Arbitrum v3 - Risk Recommendations

executedFeb 25, 2024, 07:58 AM UTCby7B0x7b3c…cc33

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet recommends risk parameter updates across three Compound Comet instances: Arbitrum v3 USDC Native (increasing GMX and ARB caps/factors, decreasing Store Front Price Factor), Arbitrum v3 USDC.e (increasing ARB Liquidation Penalty, decreasing Store Front Price Factor), and Base v3 USDbC (increasing cbETH Liquidation Penalty). These changes aim to mitigate risk and improve capital efficiency.

Type
parameter change

Key changes

  • Arbitrum v3 USDC Native: Increase GMX Supply Cap from 50,000 to 100,000(medium)
  • Arbitrum v3 USDC Native: Increase GMX Liquidation Factor from 45% to 60%(medium)
  • Arbitrum v3 USDC Native: Increase GMX Collateral Factor from 40% to 50%(medium)
  • Arbitrum v3 USDC Native: Increase ARB Supply Cap from 8,000,000 to 16,000,000(high)
  • Arbitrum v3 USDC Native: Increase ARB Liquidation Factor from 60% to 80%(high)
  • Arbitrum v3 USDC Native: Increase ARB Collateral Factor from 55% to 70%(high)
  • Arbitrum v3 USDC Native: Increase ARB Liquidation Penalty from 7% to 10%(medium)
  • Arbitrum v3 USDC Native: Decrease Store Front Price Factor from 80% to 60%(medium)

Notable concerns

  • Multiple parameter changes across three different Comet instances require careful monitoring for market impact
  • Increased supply caps and collateral factors may increase protocol exposure to market volatility
Contracts0x9c4ec768c28520b50860ea7a15bd7213a9ff58bf0x2ae3f1ec7f1f5012cfeab0185bfc7aa3cf0dec220xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a0x82af49447d8a07e3bd95bd0d56f35241523fbab1
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

255 words

[Gauntlet] 2024-02-19: BASE v3 & Arbitrum v3 - Risk Recommendations

Simple Summary

Gauntlet recommends the following risk parameter updates for the Arbitrum v3 USDC Native comet:

  • Increase GMX Supply Cap from 50,000 to 100,000
  • Increase GMX Liquidation Factor from 45% to 60%
  • Increase GMX Collateral Factor from 40% to 50%
  • Increase ARB Supply Cap from 8,000,000 to 16,000,000
  • Increase ARB Liquidation Factor from 60% to 80%
  • Increase ARB Collateral Factor from 55% to 70%
  • Increase ARB Liquidation Penalty from 7% to 10%
  • Decrease Store Front Price Factor from 80% to 60%
  • Increase WETH Supply Cap from 5,000 to 10,000

Gauntlet recommends the following risk parameter updates for the Arbitrum v3 USDC.e comet:

  • Increase ARB Liquidation Penalty from 7% to 10%
  • Decrease Comet Market Store Price Factor from 80% to 60%

Gauntlet recommends the following risk parameter update for the Base v3 USDbC comet:

  • Increase cbETH Liquidation Penalty from 7% to 15%

For more details, see the full forum post here.

Motivation

Gauntlet recommends parameter updates for the Collateral Factor, Liquidation Factor, Supply Cap, Liquidation Penalty, and Store Front Price Factor across three Comets to mitigate risk and increase capital efficiency.

Full proposal and forum discussion

Specification

This proposal updates the relevant parameters in the Arbitrum v3 USDC Native, Arbitrum v3 USDC.e, and Base v3 USDbC comets

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

2 total
#0createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)chain 0x1
Target
0x4dbd…ab3f
Value
12599736500000000 wei
Function
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)
Arguments
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}
Calldata
#1sendMessage(address,bytes,uint32)chain 0x1
Target
0x866e…0afa
Value
0 wei
Function
sendMessage(address,bytes,uint32)
Arguments
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  "2": "3000000"
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Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

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

Arguments for

None surfaced.

Arguments against

None surfaced.

Notable participants

  • GauntletProposal author providing risk parameter analysis and recommendations for Arbitrum v3 and Base v3 markets.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Open the thread ↗