KVORUM
compoundSource: Compound governor oz · #442

[Gauntlet] - COMP Rewards Recommendations (Part - 1)

executedMay 26, 2025, 06:30 AM UTCby7B0x7b3c…cc33

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet proposes adjusting COMP token rewards across 10 different Comet markets on Ethereum Mainnet and other chains. Supply-side rewards are being reduced on most assets (Base AERO from 30 to 5, Mainnet USDS from 25 to 12.5, etc.), while borrow-side rewards see mixed adjustments. The goal is to optimize utilization rates and reduce COMP token burn. Part 2 recommendations for Base USDS will follow separately.

Type
parameter change

Key changes

  • Base AERO: Supply rewards reduced from 30 to 5 COMP, borrow rewards reduced from 30 to 10 COMP(high)
  • Mantle USDe: Supply rewards reduced from 4 to 0 COMP, borrow rewards unchanged at 8 COMP(medium)
  • Mainnet USDS: Supply rewards reduced from 25 to 12.5 COMP, borrow rewards unchanged at 5 COMP(high)
  • Mainnet wstETH: Supply rewards reduced from 8 to 6 COMP, borrow rewards unchanged at 4 COMP(low)
  • Optimism USDC: Supply rewards reduced from 5 to 2.5 COMP, borrow rewards reduced from 5 to 4 COMP(low)
  • Base WETH: Supply rewards reduced from 6 to 3 COMP, borrow rewards increased from 0 to 3 COMP(medium)
  • Base USDC: Supply rewards unchanged at 13 COMP, borrow rewards increased from 5 to 7 COMP(medium)
  • Base USDS: Supply rewards reduced from 15 to 5 COMP, borrow rewards unchanged at 15 COMP (Part 2 implementation)(high)

Notable concerns

  • Significant supply-side reward reductions on several major markets may reduce deposit incentives
  • Base USDS implementation split across two proposals (Part 1 and Part 2) creates execution complexity
  • Cross-chain message sends to Polygon, Optimism, and Arbitrum introduce multi-chain execution risk
Contracts0x3D0bb1ccaB520A66e607822fC55BC921738fAFE30x5D409e56D886231aDAf00c8775665AD0f9897b560x316f9708bb98af7da9c68c1c3b5e79039cd336e3
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

314 words

[Gauntlet] - COMP Rewards Recommendations (Part - 1)

Summary

Gauntlet would like to recommend adjustments to COMP rewards for both supply and borrow side across comets mentioned below.

CometCurrent COMP Supply RewardsRecommended COMP Supply RewardsCurrent COMP Borrow RewardsRecommended COMP Borrow Rewards
Base AERO3053010
Mantle USDe408No change
Mainnet USDS2512.55No Change
Mainnet wstETH864No Change
Optimism USDC52.554
Base WETH6303
Base USDC13No Change57
Base USDS15515No Change
Arbitrum USDC20No Change1015
Arbitrum USDT15No Change1015

Note :

  • The Base USDS recommendations will be implemented in part 2 of recommendations.
  • The COMP reward adjustments for Polygon are referred in an earlier recommendation (See below).

Motivation

This recommendation aims to adjust COMP rewards for various assets across multiple Comets. Gauntlet recommends to adjust COMP rewards to aide optimal utilization and lower COMP burn.

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
#0setBaseTrackingSupplySpeed(address,uint64)chain 0x1
Target
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Value
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Function
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Calldata
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Target
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Value
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Function
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Arguments
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Calldata
#2setBaseTrackingSupplySpeed(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setBaseTrackingSupplySpeed(address,uint64)
Arguments
{
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}
Calldata
#3deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
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Calldata
#4sendMessageToChild(address,bytes)chain 0x1
Target
0xfe5e…89a2
Value
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Function
sendMessageToChild(address,bytes)
Arguments
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Calldata
#5sendMessage(address,bytes,uint32)chain 0x1
Target
0x25ac…5fa1
Value
0 wei
Function
sendMessage(address,bytes,uint32)
Arguments
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Calldata
#6sendMessage(address,bytes,uint32)chain 0x1
Target
0x676a…7120
Value
0 wei
Function
sendMessage(address,bytes,uint32)
Arguments
{
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Calldata
#7createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)chain 0x1
Target
0x4dbd…ab3f
Value
2985437000000000 wei
Function
createRetryableTicket(address,uint256,uint256,address,address,uint256,uint256,bytes)
Arguments
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Calldata
#8sendMessage(address,bytes,uint32)chain 0x1
Target
0x866e…0afa
Value
0 wei
Function
sendMessage(address,bytes,uint32)
Arguments
{
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Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total
Filter:
VoterChoice% of totalRationale
220x2210…d02eFor198K0.00%—2y ago
B30xb356…c826For94.5K0.00%—2y ago
3F0x3fb1…4c8aFor80K0.00%—2y ago
B40xb49f…7948For80K0.00%—2y ago
050x0579…ca09For50K0.00%—2y ago
4F0x4f89…fd3cFor50K0.00%—2y ago
DC0xdc1f…e432For50K0.00%—2y ago
720x72c5…7708For1.2K0.00%—2y ago
CE0xce8a…8ca3For8780.00%—2y ago
C50xc554…7759For11.20.00%—2y ago
B70xb792…89d7For20.00%—2y ago
010x0151…c3b9For1.10.00%—2y ago
170x1729…b879For10.00%—2y ago
790x79b6…ca6bAgainst0.70.00%—2y ago
2F0x2f2f…f78aFor0.50.00%—2y ago
C60xc6d7…bfb2For0.10.00%—2y ago
610x61ff…9630For0.10.00%—2y ago
9A0x9a0f…8de8For0.10.00%—2y ago
D80xd8de…ae41For0.10.00%—2y ago
0B0x0bef…edf6For00.00%—2y ago
3B0x3b1a…1228For00.00%—2y ago
330x33e8…f2a9For00.00%—2y ago
C10xc1e8…bb3cFor00.00%—2y ago
D60xd636…b468For00.00%—2y ago
FD0xfd52…84aeFor00.00%—2y ago
350x3511…91e6For00.00%—2y ago
910x913d…2a26Abstain00.00%—2y ago
400x4052…833bFor00.00%—2y ago
5E0x5eb9…de53For00.00%—2y ago
520x52e7…de53For00.00%—2y ago
E10xe10a…390fFor00.00%—2y ago
000x000a…8467For00.00%—2y ago
D20xd2f9…399cFor00.00%—2y ago
850x8521…2a38For00.00%—2y ago
5A0x5aa3…bc3cFor00.00%—2y ago
9B0x9bc1…50ddFor00.00%—2y ago
AE0xae80…31d9For00.00%—2y ago
760x767b…cec6For00.00%—2y ago
780x78bd…468dFor00.00%—2y ago
A20xa253…458fFor00.00%—2y ago
1D0x1d1a…a0acFor00.00%—2y ago
930x9351…b486For00.00%—2y ago
9C0x9cb8…1111For00.00%—2y ago
Showing 43

07Forum

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

Arguments for

  • Reducing COMP supply rewards on over-incentivized markets like Base AERO, Mantle USDe, and Mainnet USDS will eliminate excess protocol spend that is not generating commensurate user behavior changes.— Gauntlet
  • Increasing borrow-side rewards on Arbitrum USDC and USDT will foster incremental utilization growth while preserving competitive supply-side liquidity.— Gauntlet
  • Rebalancing incentives on Base WETH by adding borrow-side rewards alongside supply-side cuts will boost utilization and control excess emissions.— Gauntlet
  • The overall recommendation reduces annual COMP spending by approximately $1.02M while still maintaining competitive rates across markets.— Gauntlet
  • Increasing borrow rewards on Base USDC to 7 COMP/day will drive up borrowing demand without cutting supply rewards that would fall below peer lending protocols.— Gauntlet

Arguments against

None surfaced.

Notable participants

  • GauntletProposer presenting comprehensive COMP rewards optimization analysis across multiple Comets with detailed utilization and rate data.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Open the thread ↗