KVORUM
compoundSource: Compound governor bravo · #349

[Gauntlet] - Supply Cap Recommendations (2024-10-15) - Part 1

executedOct 21, 2024, 09:42 AM UTCby4D0x4d80…ef4b

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet recommends increasing supply caps across 9 different asset-market pairs on Ethereum mainnet and layer 2 networks (Arbitrum, Optimism, Scroll) to improve capital efficiency. Changes include doubling WETH ezETH cap on mainnet (25k to 50k), increasing wstETH caps on multiple chains, and raising other staked asset caps. This is Part 1 of a two-part proposal.

Type
parameter change

Key changes

  • Increase WETH Mainnet ezETH supply cap from 25,000 to 50,000(high)
  • Increase USDT Mainnet wstETH supply cap from 28,000 to 45,000(high)
  • Increase USDC Arbitrum wstETH supply cap from 5,000 to 8,000(medium)
  • Increase USDT Optimism wstETH supply cap from 400 to 600(low)
  • Increase USDC Optimism wstETH supply cap from 600 to 960(medium)
  • Increase WETH Optimism wrsETH supply cap from 220 to 350(low)
  • Increase WETH Optimism ezETH supply cap from 1,200 to 2,400(medium)
  • Increase USDC Scroll wstETH supply cap from 250 to 1,000(medium)

Notable concerns

  • This is Part 1 of a two-part proposal; Part 2 will incorporate additional wstETH recommendations for USDT and USDC Comets on Optimism
Contracts0x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e87790x25ace71c97b33cc4729cf772ae268934f7ab5fa10x6774bcbd5cecef1336b5300fb5186a12ddd8b3670x4dbd4fc535ac27206064b68ffcf827b0a60bab3f
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

214 words

[Gauntlet] - Supply Cap Recommendations (2024-10-15) - Part 1

Summary

Gauntlet recommends the following risk recommendations to the protocol:

  • Increase WETH Mainnet ezETH supply cap from 25,000 to 50,000
  • Increase USDT Mainnet wstETH supply cap from 28,000 to 45,000
  • Increase USDC Arbitrum wstETH supply cap from 5,000 to 8,000
  • Increase USDT Optimism wstETH supply cap from 400 to 600
  • Increase USDC Optimism wstETH supply cap from 600 to 960
  • Increase WETH Optimism wrsETH supply cap from 220 to 350
  • Increase WETH Optimism ezETH supply cap from 1,200 to 2,400
  • Increase USDC Scroll wstETH supply cap from 250 to 1,000
  • Increase USDC Scroll WETH supply cap from 2,000 to 4,000

Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. This part 1 of the proposal, part 2 will incorporate wstETH recommendations for USDT and USDC Comets on Optimism.

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

AIMismatch analysis by Kvorum

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

04Actions

7 total
#0updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0xA17581A9E3356d9A858b789D68B4d866e593aE94",
  "1": "0xbf5495Efe5DB9ce00f80364C8B423567e58d2110",
  "2": "50000000000000000000000"
}
Calldata
#1deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
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  "1": "0xA17581A9E3356d9A858b789D68B4d866e593aE94"
}
Calldata
#2updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "0": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "1": "0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0",
  "2": "45000000000000000000000"
}
Calldata
#3deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3",
  "1": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840"
}
Calldata
#4sendMessage(address,bytes,uint32)chain 0x1
Target
0x25ac…5fa1
Value
0 wei
Function
sendMessage(address,bytes,uint32)
Arguments
{
  "0": "0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF",
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  "2": "2500000"
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Calldata
#5sendMessage(address,uint256,bytes,uint256)chain 0x1
Target
0x6774…b367
Value
100000000000000000 wei
Function
sendMessage(address,uint256,bytes,uint256)
Arguments
{
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  "1": "0",
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  "3": "3000000"
}
Calldata
#6createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)chain 0x1
Target
0x4dbd…ab3f
Value
2074953000000000 wei
Function
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)
Arguments
{
  "0": "0x42480C37B249e33aABaf4c22B20235656bd38068",
  "1": "0",
  "2": "1393610000000000",
  "3": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A",
  "4": "0x3fB4d38ea7EC20D91917c09591490Eeda38Cf88A",
  "5": "1362686",
  "6": "500000000",
  "7": "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"
}
Calldata

05Tally

Summed from votes

Voters24
VP participating716K
Outcome (current)For
Current support100%

06Voters

24 total

No votes recorded yet.

07Forum

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

Arguments for

  • Supply caps can be safely increased because liquidation slippage significantly exceeds liquidation penalties across all markets, ensuring effective liquidation of substantial positions.— Gauntlet

Arguments against

None surfaced.

Notable participants

  • GauntletRisk analyst proposing supply cap increases with detailed slippage and liquidation analysis across multiple chains and markets.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Open the thread ↗