[Gauntlet] Recommendations for Low Utilization Assets - Base
01Summary
Gauntlet proposes reducing supply caps for two low-utilization assets on Base WETH comet: weETH from 15,000 to 7,500 (50% reduction) and ezETH from 2,000 to 1,000 (50% reduction). The proposal uses cross-chain messaging to update these parameters via the Configurator.
- Type
- parameter change
Key changes
- Reduce weETH supply cap on Base WETH from 15,000 to 7,500(high)
- Reduce ezETH supply cap on Base WETH from 2,000 to 1,000(high)
Notable concerns
- Changes affect utilized assets on Base network which may impact user positions
- Both assets experience 50% supply cap reduction which could constrain liquidity
Generated by Kvorum
02Description
[Gauntlet] Recommendations for Low Utilization Assets - Base
Simple Summary
Gauntlet recommends the following supply cap adjustments to the protocol:
Supply Cap Recommendations
| Status | Comet | Asset | Supply Cap |
|---|---|---|---|
| Current | Base WETH | weETH | 15000 |
| Proposed | Base WETH | weETH | 7500 |
| Current | Base WETH | ezETH | 2000 |
| Proposed | Base WETH | ezETH | 1000 |
Motivation
Full proposal and forum discussions can be found in the following post.
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.xyz/tos
03Mismatch analysis
A calldata-vs-description analysis is not generated yet. Review the decoded actions →
04Actions
- Target
- 0x866e…0afa
- Value
- 0 wei
- Function
- sendMessage(address,bytes,uint32)
- Arguments
{ "_target": "0x18281dfC4d00905DA1aaA6731414EABa843c468A", "_message": "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", "_minGasLimit": "5000000" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- [Gauntlet] Recommendations for Low Utilization Assets - Base ↗discourse · high confidence
Arguments for
None surfaced.
Arguments against
None surfaced.
Notable participants
- GauntletProposer of supply cap reductions for low-utilization assets (weETH and ezETH) on Base WETH comet.
Generated by Kvorum
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