compoundSource: Compound governor bravo · #250
BASE Comet USDbC IO Recommendations (2024-05-14)
executedMay 19, 2024, 10:01 AM UTCby680x683a…6c02
01Summary
AISummary by Kvorumclaude-haiku-4-5
Gauntlet recommends reducing COMP incentives for the USDbC Comet on BASE by eliminating daily supply rewards (9 to 0) and borrow rewards (4 to 0) due to declining market share and competition from native USDC incentives.
- Type
- parameter change
Key changes
- Decrease Daily COMP Supply Rewards from 9 to 0 via setBaseTrackingSupplySpeed(high)
- Decrease Daily COMP Borrow Rewards from 4 to 0 via setBaseTrackingBorrowSpeed(high)
Notable concerns
- USDbC experiencing decline in circulating supply and market share to native USDC token on BASE
- Recent BASE incentives to USDC liquidity markets causing outflow of supply and borrows from USDbC Comet
Contracts0x9c4ec768c28520b50860ea7a15bd7213a9ff58bf
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
02Description
134 words
BASE Comet USDbC IO Recommendations (2024-05-14)
Summary
Gauntlet recommends the following adjustments to the USDbC Comet incentives:
- Decrease Daily COMP Supply Rewards from 9 to 0.
- Decrease Daily COMP Borrow Rewards from 4 to 0.
Motivation
Gauntlet recommends reduction of incentives to the USDbC Comet. USDbC has been experiencing a decline in circulating supply and market share to the Native USDC token on BASE. Also, the recent BASE incentives to USDC liquidity markets has caused an outflow of supply and borrows from the USDbC Comet. Full proposal and forum discussion
Specification
This proposal updates the setBaseTrackingBorrowSpeed and setBaseTrackingSupplySpeed in the USDbC v3 Comet on BASE.
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
1 total
#0sendMessage(address,bytes,uint32)chain 0x1
- Target
- 0x866e…0afa
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "0": "0x18281dfC4d00905DA1aaA6731414EABa843c468A", "1": "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", "2": "3000000" }- Calldata
05Tally
Summed from votes
Against0.0%0
For100.0%501.9K
Abstain0.0%0
Voters34
VP participating501.9K
Outcome (current)For
Current support100%
06Voters
34 total
Filter:
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 8D0x8d07…a265 | For | 70K | 13.95% | — | 3y ago |
| B90xb933…8dd1 | For | 54.1K | 10.79% | — | 3y ago |
| 680x683a…6c02 | For | 50.1K | 9.98% | — | 3y ago |
| 7A0x7ae1…e585 | For | 50K | 9.96% | — | 3y ago |
| B40xb49f…7948 | For | 50K | 9.96% | — | 3y ago |
| 070x0703…961b | For | 50K | 9.96% | — | 3y ago |
| 130x13bd…8548 | For | 50K | 9.96% | — | 3y ago |
| DC0xdc1f…e432 | For | 50K | 9.96% | — | 3y ago |
| 7B0x7b3c…cc33 | For | 50K | 9.96% | — | 3y ago |
| 3F0x3fb1…4c8a | For | 25.6K | 5.09% | — | 3y ago |
| B30xb356…c826 | For | 2.1K | 0.42% | — | 3y ago |
| 650x6565…9aae | For | 0.7 | 0.00% | — | 3y ago |
| C30xc34a…68c2 | For | 0.7 | 0.00% | — | 3y ago |
| 2B0x2b12…31f0 | For | 0.3 | 0.00% | — | 3y ago |
| B50xb53a…9c3e | For | 0.1 | 0.00% | — | 3y ago |
| BE0xbe9e…9a57 | For | 0.1 | 0.00% | — | 3y ago |
| A50xa55e…40e1 | For | 0.1 | 0.00% | — | 3y ago |
| FB0xfb2a…00ab | For | 0.1 | 0.00% | — | 3y ago |
| BA0xba03…b48b | For | 0.1 | 0.00% | — | 3y ago |
| 060x06c4…66a2 | For | 0.1 | 0.00% | — | 3y ago |
| D80xd8de…ae41 | For | 0.1 | 0.00% | — | 3y ago |
| 8A0x8a19…5498 | For | 0 | 0.00% | — | 3y ago |
| D90xd9d9…d09e | For | 0 | 0.00% | — | 3y ago |
| 830x834e…5128 | Abstain | 0 | 0.00% | — | 3y ago |
| 960x96f5…9016 | Against | 0 | 0.00% | — | 3y ago |
| 460x4618…f2f5 | Against | 0 | 0.00% | — | 3y ago |
| F90xf913…c9c7 | Abstain | 0 | 0.00% | — | 3y ago |
| AF0xaf74…447f | For | 0 | 0.00% | — | 3y ago |
| BA0xba2e…3b26 | Against | 0 | 0.00% | — | 3y ago |
| AF0xaf32…79b4 | For | 0 | 0.00% | — | 3y ago |
| 5E0x5e03…fc72 | For | 0 | 0.00% | — | 3y ago |
| 330x3380…a14f | For | 0 | 0.00% | — | 3y ago |
| CB0xcb24…0ecd | For | 0 | 0.00% | — | 3y ago |
| 170x1765…9298 | For | 0 | 0.00% | — | 3y ago |
Showing 34
07Forum
- [Gauntlet] BASE Comet USDbC IO & Risk Recommendations (2024-08-09) ↗discourse · high confidence
AIForum synthesis by Kvorumclaude-haiku-4-5
sentiment · favorablethread · constructive
Arguments for
- USDC incentives have grown 35x larger than USDbC circulating supply, making COMP rewards inefficient at supporting USDbC adoption as Coinbase prioritizes native USDC migration.— Gauntlet
Arguments against
None surfaced.
Notable participants
- GauntletProposer presenting analysis and recommendation to reduce USDbC COMP incentives to zero based on declining TVL and inefficient reward cost-per-balance metrics.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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