KVORUM
compoundSource: Compound governor bravo · #294

[Gauntlet] Rewards Contract Top-Up for Arb and IR Recs for USDT Mainnet and USDC Arbitrum Comets

executedAug 4, 2024, 02:16 PM UTCby7B0x7b3c…cc33

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet proposes to add 13,000 COMP to Arbitrum's reward contract and adjust interest rate parameters (borrow and supply curves) for USDT on Ethereum and USDC on Arbitrum Comet markets.

Type
parameter change

Key changes

  • Add 13,000 COMP tokens to Arbitrum reward contract(medium)
  • Adjust USDT/USDC Comet borrow interest rate base to 0.015(medium)
  • Adjust USDT/USDC Comet borrow interest rate slope low to 0.05(medium)
  • Set borrow kink to 0.9 for USDT/USDC Comets(medium)
  • Adjust USDT/USDC Comet borrow interest rate slope high to 4(medium)
  • Set supply interest rate base to 0 for USDT/USDC Comets(medium)
  • Adjust USDT/USDC Comet supply interest rate slope low to 0.052(medium)
  • Set supply kink to 0.9 for USDT/USDC Comets(medium)
Contracts0x316f9708bb98af7da9c68c1c3b5e79039cd336e30x3d9819210a31b4961b30ef54be2aed79b9c9cd3b0x72ce9c846789fdb6fc1f34ac4ad25dd9ef7031ef
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

193 words

[Gauntlet] Rewards Contract Top-Up for Arb and IR Recs for USDT Mainnet and USDC Arbitrum Comets

Summary

Gauntlet recommends the following parameter changes:

  • Add additional COMP to the reward contracts of Arbitrum:
ChainReward Amount
Arbitrum13,000
  • IR Parameter adjsutments for the Arbitrum USDC and Ethereum USDT Comet
ParameterRecommended Value
Annual Borrow Interest Rate Base0.015
Annual Borrow Interest Rate Slope Low0.05
Borrow Kink0.9
Annual Borrow Interest Rate Slope High4
Annual Supply Interest Rate Base0
Annual Supply Interest Rate Slope Low0.052
Supply Kink0.9
Annual Supply Interest Rate Slope High3.6

For more details, see the full forum posts below:

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 Kvorumclaude-sonnet-5
Material discrepancy

placeholder

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

8 total
#0setBorrowPerYearInterestRateSlopeLow(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setBorrowPerYearInterestRateSlopeLow(address,uint64)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "50000000000000000"
}
Calldata
#1setBorrowPerYearInterestRateSlopeHigh(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setBorrowPerYearInterestRateSlopeHigh(address,uint64)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "4000000000000000000"
}
Calldata
#2setSupplyPerYearInterestRateSlopeLow(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setSupplyPerYearInterestRateSlopeLow(address,uint64)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "52000000000000000"
}
Calldata
#3setSupplyPerYearInterestRateSlopeHigh(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setSupplyPerYearInterestRateSlopeHigh(address,uint64)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "3600000000000000000"
}
Calldata
#4deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3",
  "1": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840"
}
Calldata
#5_grantComp(address,uint256)chain 0x1
Target
0x3d98…cd3b
Value
0 wei
Function
_grantComp(address,uint256)
Arguments
{
  "0": "0x6d903f6003cca6255D85CcA4D3B5E5146dC33925",
  "1": "13000000000000000000000"
}
Calldata
#6approve(address,uint256)chain 0x1
Target
0xc00e…6888
Value
0 wei
Function
approve(address,uint256)
Arguments
{
  "0": "0xa3A7B6F88361F48403514059F1F16C8E78d60EeC",
  "1": "13000000000000000000000"
}
Calldata
#7outboundTransferCustomRefund(address,address,address,uint256,uint256,uint256,bytes)chain 0x1
Target
0x72ce…31ef
Value
859333500000000 wei
Function
outboundTransferCustomRefund(address,address,address,uint256,uint256,uint256,bytes)
Arguments
{
  "0": "0xc00e94Cb662C3520282E6f5717214004A7f26888",
  "1": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A",
  "2": "0x88730d254A2f7e6AC8388c3198aFd694bA9f7fae",
  "3": "13000000000000000000000",
  "4": "381047",
  "5": "500000000",
  "6": "0x000000000000000000000000000000000000000000000000000260477678e40000000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000000000000000000"
}
Calldata

05Tally

Summed from votes

Voters23
VP participating579K
Outcome (current)For
Current support100%

06Voters

23 total
Filter:
VoterChoice% of totalRationale
220x2210…d02eFor144K24.87%—2y ago
B90xb933…8dd1For80K13.82%—2y ago
070x0703…961bFor70K12.09%—2y ago
470x47c1…4770For50K8.64%—2y ago
7A0x7ae1…e585For50K8.64%—2y ago
B40xb49f…7948For50K8.64%—2y ago
130x13bd…8548For50K8.64%—2y ago
3F0x3fb1…4c8aFor45.6K7.87%—2y ago
660x66cd…65f9For35.5K6.13%—2y ago
B30xb356…c826For3.9K0.68%—2y ago
720x72c5…7708For120.00%—2y ago
050x0579…ca09For10.00%—2y ago
500x50d2…5318For0.30.00%—2y ago
340x3496…126bFor0.20.00%—2y ago
D80xd8de…ae41For0.10.00%—2y ago
880x88f6…0ec0For00.00%—2y ago
770x77c0…d347For00.00%—2y ago
0E0x0ed8…7b50For00.00%—2y ago
BE0xbe1d…c953For00.00%—2y ago
A80xa852…8891For00.00%—2y ago
4C0x4c75…e54fFor00.00%—2y ago
B50xb5c1…6e58For00.00%—2y ago
5A0x5a7c…ee2eFor00.00%—2y ago
Showing 23

07Forum

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

Arguments for

  • Arbitrum rewards contract has less than 18 days of runway and needs a top-up to sustain incentives and drive utilization.— Gauntlet

Arguments against

None surfaced.

Unresolved concerns

  • Mathematical discrepancy in the original runway calculation (2279/130 does not equal 75 days as initially presented).— Forteus_Management

Notable participants

  • GauntletProposer providing risk and incentive recommendations with analysis and correction of calculation error.
  • Forteus_ManagementCommunity member who identified a mathematical inconsistency in the proposal's runway calculation.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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