Risk Parameter Updates for WBTC, UNI, and COMP
01Summary
Batch update of collateral factors for WBTC, UNI, and COMP to align with community-chosen Moderate risk level. Changes increase Value at Risk slightly but enable substantially higher borrow usage through dynamic risk parameter adjustments.
- Type
- parameter change
Key changes
- Set WBTC collateral factor to 65% (0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4)(medium)
- Set UNI collateral factor to 70% (0x35A18000230DA775CAc24873d00Ff85BccdeD550)(medium)
- Set COMP collateral factor to 70% (0xC11b1268C1A384e55C48c2391d8d480264A3A7F4)(medium)
Notable concerns
- Slight increase in Value at Risk (VaR) from parameter adjustments
- Parameters differ from original risk level consensus due to changing market conditions
Generated by Kvorum
02Description
Risk Parameter Updates for WBTC, UNI, and COMP
Simple Summary
A proposal to adjust three (3) total parameters across three (3) Compound assets.
Background
This proposal is a batch update of risk parameters to align with the Moderate risk level chosen by the Compound community. These parameter updates are the fourth of Gauntlet's regular parameter recommendations as part of Dynamic Risk Parameters.
Full proposal and forum discussion
Motivation and Specification
This set of parameter updates seeks to level set assets to a Moderate risk level of the protocol while making risk trade-offs between specific assets. Note that some are different from the original risk level consensus check as market conditions have changed.

Dashboard
Gauntlet has launched the Compound Risk Dashboard. The community should use the Dashboard to better understand the updated parameter suggestions and general market risk in Compound.
As shown on our dashboard, these changes will slightly increase Value at Risk, but the corresponding increase in borrow usage is substantial.

03Mismatch analysis
The description states this is a batch update touching three parameters across three Compound assets (WBTC, UNI, COMP), consistent with a Gauntlet risk-parameter recommendation. The decoded calldata contains exactly three _setCollateralFactor calls against the Comptroller, each targeting a distinct cToken address and setting a new collateral factor (65%, 70%, 70%). This matches the claimed count of '3 parameters across 3 assets' (one parameter change per asset), and collateral factor is the standard lever Gauntlet adjusts in these routine proposals. The description does not include the specific numeric targets in the text itself (they are shown only in a linked image), so I cannot independently verify that 65%/70%/70% correspond exactly to the intended WBTC/UNI/COMP values or that the addresses map correctly to those tickers — this limits confidence to medium rather than high. However, nothing in the calldata contradicts the description: there are no unexpected extra actions, no transfers of funds, and no unrelated targets. Given the structural match (3 assets, 3 single-parameter collateral-factor updates) and the routine nature of this Gauntlet parameter proposal, I assess this as consistent with only the caveat that the exact numeric mapping to specific assets could not be confirmed from text alone.
Generated by Kvorum
04Actions
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _setCollateralFactor(address,uint256)
- Arguments
{ "0": "0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4", "1": "650000000000000000" }- Calldata
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _setCollateralFactor(address,uint256)
- Arguments
{ "0": "0x35A18000230DA775CAc24873d00Ff85BccdeD550", "1": "700000000000000000" }- Calldata
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _setCollateralFactor(address,uint256)
- Arguments
{ "0": "0xC11b1268C1A384e55C48c2391d8d480264A3A7F4", "1": "700000000000000000" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- Risk Parameter Updates 2021-11-30 ↗discourse · high confidence
- Dynamic Risk Parameters ↗discourse · high confidence
Arguments for
- Parameter updates align with the community-chosen Moderate risk level and represent Gauntlet's fourth regular recommendation under the Dynamic Risk Parameters framework.— pauljlei
- The changes will substantially increase borrow usage on the protocol while only slightly increasing Value at Risk.— pauljlei
- The $413k increase in reserves provides a safety buffer against potential risks from the collateral factor increases.— pauljlei
Arguments against
- A typo in the WBTC implementation that updated only the legacy pool instead of the active WBTC collateral factor indicates quality control issues in Gauntlet's process and raises concerns about future mistakes that could compromise user funds.— eggbagels
Unresolved concerns
- Whether Gauntlet has established adequate processes to prevent similar implementation bugs or typos in future parameter update proposals.— eggbagels
Notable participants
- pauljleiProposer of the risk parameter updates on behalf of Gauntlet.
- eggbagelsCommunity member who identified a critical implementation bug in the WBTC collateral factor update and raised quality control concerns.
Generated by Kvorum
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