compoundSource: Compound governor oz · #421
[Gauntlet] - Cap recommendations (03/24/25)
executedMar 29, 2025, 04:47 AM UTCby7B0x7b3c…cc33
01Summary
AISummary by Kvorumclaude-haiku-4-5
Gauntlet proposes increasing supply caps across 8 assets on multiple Compound V3 Comets to improve capital efficiency. Changes include raising wrsETH cap on Base WETH Comet from 230 to 700, wstETH on Base USDC from 1,400 to 3,000, cbBTC on Base USDC from 180 to 400, LINK on Ethereum USDT from 500,000 to 1,000,000, weETH on Ethereum WETH from 22,500 to 67,500, wstETH on Mainnet USDC from 40,000 to 50,000, sFRAX on Mainnet USDT from 30M to 40M, and WBTC on Mainnet USDT from 1,400 to 1,800.
- Type
- parameter change
Key changes
- Increase Base V3 WETH Comet's wrsETH Supply Cap from 230 to 700(medium)
- Increase Base V3 USDC Comet's wstETH Supply Cap from 1,400 to 3,000(medium)
- Increase Base V3 USDC Comet's cbBTC Supply Cap from 180 to 400(medium)
- Increase Ethereum V3 USDT Comet's LINK Supply Cap from 500,000 to 1,000,000(high)
- Increase Ethereum V3 WETH Comet's weETH Supply Cap from 22,500 to 67,500(high)
- Increase Mainnet V3 USDC Comet's wstETH Supply Cap from 40,000 to 50,000(medium)
- Increase Mainnet V3 USDT Comet's sFRAX Supply Cap from 30M to 40M(medium)
- Increase Mainnet V3 USDT Comet's WBTC Supply Cap from 1,400 to 1,800(low)
Contracts0xA17581A9E3356d9A858b789D68B4d866e593aE940xc3d688B66703497DAA19211EEdff47f25384cdc30x3Afdc9BCA9213A35503b077a6072F3D0d5AB08400x316f9708bb98af7da9c68c1c3b5e79039cd336e3
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
02Description
217 words
[Gauntlet] - Cap recommendations (03/24/25)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
- Increase Base V3 WETH Comet’s wrsETH Supply Cap from 230 to 700.
- Increase Base V3 USDC Comet’s wstETH Supply Cap from 1,400 to 3,000.
- Increase Base V3 USDC Comet’s cbBTC Supply Cap from 180 to 400.
- Increase Ethereum V3 USDT Comet’s LINK Supply Cap from 500,000 to 1,000,000.
- Increase Ethereum V3 WETH Comet’s weETH Supply Cap from 22,500 to 67,500.
- Increase Mainnet V3 USDC Comet’s wstETH Supply Cap from 40,000 to 50,000
- Increase Mainnet V3 USDT Comet’s sFRAX Supply Cap from 30M to 40M
- Increase Mainnet V3 USDT Comet’s WBTC Supply Cap from 1,400 to 1,800
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.
Full proposal and forum discussions can be found in the following posts.
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
9 total
#0updateAssetSupplyCap(address,address,uint128)chain 0x1
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "asset": "0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee", "cometProxy": "0xA17581A9E3356d9A858b789D68B4d866e593aE94", "newSupplyCap": "67500000000000000000000" }- Calldata
#1deployAndUpgradeTo(address,address)chain 0x1
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "cometProxy": "0xA17581A9E3356d9A858b789D68B4d866e593aE94", "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3" }- Calldata
#2updateAssetSupplyCap(address,address,uint128)chain 0x1
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "asset": "0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0", "cometProxy": "0xc3d688B66703497DAA19211EEdff47f25384cdc3", "newSupplyCap": "50000000000000000000000" }- Calldata
#3deployAndUpgradeTo(address,address)chain 0x1
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "cometProxy": "0xc3d688B66703497DAA19211EEdff47f25384cdc3", "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3" }- Calldata
#4updateAssetSupplyCap(address,address,uint128)chain 0x1
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "asset": "0x514910771AF9Ca656af840dff83E8264EcF986CA", "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "newSupplyCap": "1000000000000000000000000" }- Calldata
#5updateAssetSupplyCap(address,address,uint128)chain 0x1
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "asset": "0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599", "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "newSupplyCap": "180000000000" }- Calldata
#6updateAssetSupplyCap(address,address,uint128)chain 0x1
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "asset": "0xA663B02CF0a4b149d2aD41910CB81e23e1c41c32", "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "newSupplyCap": "40000000000000000000000000" }- Calldata
#7deployAndUpgradeTo(address,address)chain 0x1
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840", "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3" }- Calldata
#8sendMessage(address,bytes,uint32)chain 0x1
- Target
- 0x866e…0afa
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "_target": "0x18281dfC4d00905DA1aaA6731414EABa843c468A", "_message": "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", "_minGasLimit": "3000000" }- Calldata
05Tally
Summed from votes
Against0.0%2.4
For100.0%703.9K
Abstain0.0%0.4
Voters154
VP participating703.9K
Outcome (current)For
Current support100%
06Voters
154 total
Filter:
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 660x66cd…65f9 | For | 80.1K | 11.37% | — | 2y ago |
| B90xb933…8dd1 | For | 80K | 11.37% | — | 2y ago |
| 070x0703…961b | For | 80K | 11.37% | — | 2y ago |
| 3F0x3fb1…4c8a | For | 80K | 11.37% | — | 2y ago |
| B40xb49f…7948 | For | 80K | 11.37% | — | 2y ago |
| 220x2210…d02e | For | 53.1K | 7.54% | — | 2y ago |
| B30xb356…c826 | For | 50.3K | 7.15% | — | 2y ago |
| ED0xed11…bb04 | For | 50K | 7.10% | — | 2y ago |
| 050x0579…ca09 | For | 50K | 7.10% | — | 2y ago |
| 4F0x4f89…fd3c | For | 50K | 7.10% | — | 2y ago |
| DC0xdc1f…e432 | For | 50K | 7.10% | — | 2y ago |
| CE0xce8a…8ca3 | For | 400 | 0.06% | — | 2y ago |
| 050x0579…4048 | For | 11.2 | 0.00% | — | 2y ago |
| C30xc33f…0477 | For | 6 | 0.00% | — | 2y ago |
| E40xe459…e666 | For | 5.2 | 0.00% | — | 2y ago |
| 4A0x4a46…c1a6 | For | 3 | 0.00% | — | 2y ago |
| 210x21b3…fa75 | For | 2 | 0.00% | — | 2y ago |
| B70xb792…89d7 | For | 2 | 0.00% | — | 2y ago |
| 2B0x2bb6…7431 | For | 1.1 | 0.00% | — | 2y ago |
| 9B0x9b74…3bd4 | Against | 1 | 0.00% | — | 2y ago |
| 170x1729…b879 | For | 1 | 0.00% | — | 2y ago |
| 7E0x7e43…310d | For | 0.5 | 0.00% | — | 2y ago |
| 690x69c9…8b44 | For | 0.4 | 0.00% | — | 2y ago |
| F70xf713…022c | Against | 0.1 | 0.00% | — | 2y ago |
| B40xb471…94ae | Against | 0.1 | 0.00% | — | 2y ago |
| 390x3910…be0c | Against | 0.1 | 0.00% | — | 2y ago |
| C60xc61b…5657 | For | 0.1 | 0.00% | — | 2y ago |
| 950x95f6…2c83 | For | 0.1 | 0.00% | — | 2y ago |
| FB0xfb2a…00ab | For | 0.1 | 0.00% | — | 2y ago |
| 7F0x7f21…31e0 | For | 0.1 | 0.00% | — | 2y ago |
| 8B0x8bc5…5ffe | Against | 0.1 | 0.00% | — | 2y ago |
| E10xe1f0…8408 | Against | 0.1 | 0.00% | — | 2y ago |
| C60xc691…628d | Abstain | 0.1 | 0.00% | — | 2y ago |
| 7E0x7ef7…a024 | For | 0.1 | 0.00% | — | 2y ago |
| A90xa91d…fa8f | For | 0.1 | 0.00% | — | 2y ago |
| 2B0x2baa…a7a9 | For | 0.1 | 0.00% | — | 2y ago |
| 710x71d7…1847 | Against | 0.1 | 0.00% | — | 2y ago |
| 190x1999…ea70 | Against | 0.1 | 0.00% | — | 2y ago |
| 4F0x4f8b…ba71 | Against | 0.1 | 0.00% | — | 2y ago |
| F70xf7b5…452a | Against | 0.1 | 0.00% | — | 2y ago |
| 040x04a2…21b3 | Abstain | 0.1 | 0.00% | — | 2y ago |
| A90xa947…e8ea | Abstain | 0.1 | 0.00% | — | 2y ago |
| FA0xfae4…4fbc | For | 0.1 | 0.00% | — | 2y ago |
| 520x5259…9350 | For | 0.1 | 0.00% | — | 2y ago |
| 280x28c5…cdeb | Abstain | 0.1 | 0.00% | — | 2y ago |
| 9B0x9b2e…cbb0 | Against | 0.1 | 0.00% | — | 2y ago |
| 630x63db…8d03 | Against | 0.1 | 0.00% | — | 2y ago |
| 750x751c…7252 | Against | 0.1 | 0.00% | — | 2y ago |
| 670x67b9…2cff | Against | 0.1 | 0.00% | — | 2y ago |
| 1E0x1ece…f2e7 | Against | 0.1 | 0.00% | — | 2y ago |
Showing 50
07Forum
- [Gauntlet] Supply Cap Recommendation Proposals ↗discourse · high confidence
AIForum synthesis by Kvorumclaude-haiku-4-5
sentiment · favorablethread · constructive
Arguments for
- Supply cap increases are justified by high utilization rates (75%+) on various assets across chains, indicating market demand and the need to prevent caps from constraining legitimate user activity.— Gauntlet
- Liquidation analysis shows acceptable slippage levels relative to liquidation penalties when caps are increased, indicating that larger caps can be safely accommodated without excessive risk.— Gauntlet
- Top suppliers maintain strong health factors (often >1.4 to >4), demonstrating that large position holders are well-collateralized and pose low liquidation risk even at higher caps.— Gauntlet
- Exchange rate oracles enable safer cap increases for assets like ezETH, wstETH, and weETH because liquidation pathways are constrained, reducing systemic risk from large caps.— Gauntlet
- Asset supplies are growing and circulating supply on various chains supports higher cap levels relative to current utilization, allowing protocol to accommodate organic growth.— Gauntlet
Arguments against
None surfaced.
Unresolved concerns
- sFRAX supply cap was increased since 12/9 but utilization data only shows through 12/8, leaving unclear whether the additional increase to 20M was justified by actual demand.— Tane
- Top supplier data shown in images does not match the supplied amounts, raising questions about whether other large suppliers exist that should be displayed for transparency.— Tane
- Top supplier addresses should be provided in text format rather than images for accessibility and to enable community verification of supplier identities and positions.— Tane
Notable participants
- GauntletPrimary proposer issuing repeated supply cap recommendations backed by utilization data, slippage analysis, and top supplier health metrics.
- TaneCommunity member raising questions about data currency, completeness of supplier disclosure, and format of supplier information.
- dmitriywoofsoftwareCommunity participant who supported and accelerated one proposal to push it on-chain.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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