[Gauntlet] - Supply Cap Recommendations - (2024-09-05)
01Summary
Gauntlet recommends increasing the WETH Mainnet ezETH supply cap from 12,000 to 18,000 to improve capital efficiency in the Comet protocol.
- Type
- parameter change
Key changes
- Increase WETH Mainnet ezETH supply cap from 12,000 to 18,000(high)
Generated by Kvorum
02Description
[Gauntlet] - Supply Cap Recommendations - (2024-09-05)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
- Increase WETH Mainnet ezETH supply cap from 12,000 to 18,000
Motivation
This recommendation aims to increase supply caps for ezETH on WETH Mainnet Comet. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. Full proposal and forum discussions can be found here.
Specification
The proposal updates the parameters by using the respective methods on the Configurator.
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
The description claims a single change: raising the ezETH supply cap on the WETH Mainnet Comet from 12,000 to 18,000. Action 0 directly implements this via updateAssetSupplyCap with a value of 18000e18 (18,000 in 18-decimal units), matching the stated target value exactly. Action 1 (deployAndUpgradeTo) is the standard, routine second step required by Compound's Configurator pattern to actually apply a pending configuration change to the live Comet proxy — this is boilerplate for any Comet parameter update and is reasonably omitted from a high-level description without being misleading. No value mismatches, target mismatches, or hidden actions were found. Confidence is high because both the numeric value and the mechanism align precisely with standard Compound governance patterns for this type of proposal.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "0": "0xA17581A9E3356d9A858b789D68B4d866e593aE94", "1": "0xbf5495Efe5DB9ce00f80364C8B423567e58d2110", "2": "18000000000000000000000" }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0xA17581A9E3356d9A858b789D68B4d866e593aE94" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- [Gauntlet] - Supply Cap Recommendations - (2024-09-05) ↗discourse · high confidence
Arguments for
- Increasing the WETH Mainnet ezETH supply cap from 12,000 to 18,000 is supported by sufficient external liquidity to absorb potential liquidations and the use of exchange rate oracles that insulate the market from transient peg deviations.— Gauntlet
Arguments against
None surfaced.
Notable participants
- GauntletRisk analyst who proposed the supply cap increase recommendation with supporting analysis.
Generated by Kvorum
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