KVORUM
compoundSource: Compound governor bravo · #291

Risk Recommendations

canceledAug 2, 2024, 11:53 AM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet recommends reducing risk parameters for COMP and USDC across multiple Ethereum markets by setting collateral factors to 0%, pausing COMP borrows, and capping borrow/supply amounts to 1 token. The analysis indicates no current liquidations from these changes but proposes them as precautionary measures.

Type
parameter change

Key changes

  • Set COMP collateral factor to 0% on Ethereum v2 market(high)
  • Pause COMP borrowing on Ethereum v2 market(high)
  • Set COMP borrow cap to 1 token on Ethereum v2 market(high)
  • Set COMP borrow collateral factor to 0% on Ethereum USDC Comet(high)
  • Set COMP supply cap to 1 token on Ethereum USDC Comet(high)
  • Set USDC borrow collateral factor to 0% on Ethereum USDT Comet(high)
  • Set USDC supply cap to 1 token on Ethereum USDT Comet(high)

Notable concerns

  • These parameter reductions are precautionary measures despite analysis showing no immediate new liquidatable positions
  • Top 4 highest-risk user positions with Health Factors below 1.17 may become closer to liquidation threshold
Contracts0x3d9819210a31b4961b30ef54be2aed79b9c9cd3b0x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e8779
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

168 words

Risk Recommendations

Summary

Gauntlet recommends the following risk parameters for the listed assets:

AssetMarketCollateral FactorBorrow CapSupply CapPause Borrows
COMPEthereum v20%1N/ATrue
COMPEthereum USDC Comet0%N/A1N/A
USDCEthereum USDT Comet0%N/A1N/A

Analysis

Risk-off Liquidations

The recommended Collateral Factor decreases would not currently cause new liquidatable user positions on Ethereum v2 and USDC/USDT comets.

The below figure shows the top 4 highest borrowing user positions whose Health Factors are less than 1.17 (Borrow Usage greater than 85%) and become > 5% closer to becoming liquidatable after the Collateral Factor decreases.

Untitled - 2024-07-28T163935.887

Lowering the Borrow Caps and Supply Caps on v3 and v3 markets as a precautionary measure.

03Mismatch analysis

AIMismatch analysis by Kvorum

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

04Actions

9 total
#0_setCollateralFactor(address,uint256)chain 0x1
Target
0x3d98…cd3b
Value
0 wei
Function
_setCollateralFactor(address,uint256)
Arguments
{
  "0": "0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4",
  "1": "0"
}
Calldata
#1_setBorrowPaused(address,bool)chain 0x1
Target
0x3d98…cd3b
Value
0 wei
Function
_setBorrowPaused(address,bool)
Arguments
{
  "0": "0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4",
  "1": true
}
Calldata
#2_setMarketBorrowCaps(address[],uint256[])chain 0x1
Target
0x3d98…cd3b
Value
0 wei
Function
_setMarketBorrowCaps(address[],uint256[])
Arguments
{
  "0": [
    "0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4"
  ],
  "1": [
    "1000000000000000000"
  ]
}
Calldata
#3updateAssetBorrowCollateralFactor(address,address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetBorrowCollateralFactor(address,address,uint64)
Arguments
{
  "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "1": "0xc00e94Cb662C3520282E6f5717214004A7f26888",
  "2": "0"
}
Calldata
#4updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "1": "0xc00e94Cb662C3520282E6f5717214004A7f26888",
  "2": "1000000000000000000"
}
Calldata
#5deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3",
  "1": "0xc3d688B66703497DAA19211EEdff47f25384cdc3"
}
Calldata
#6updateAssetBorrowCollateralFactor(address,address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetBorrowCollateralFactor(address,address,uint64)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "0xc00e94Cb662C3520282E6f5717214004A7f26888",
  "2": "0"
}
Calldata
#7updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "0xc00e94Cb662C3520282E6f5717214004A7f26888",
  "2": "1000000000000000000"
}
Calldata
#8deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3",
  "1": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840"
}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.