KVORUM
compoundSource: Compound governor oz · #555

Cap Recommendations on Ethereum USDC,USDT,USDS and wstETH comets

executedApr 1, 2026, 08:39 AM UTCby680x683a…6c02

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet recommends reducing supply caps for six low-utilization assets across three Ethereum Comets: rsETH cap cut from 1,500 to 750 in USDC Comet, and reductions across USDS and USDT Comets affecting SKY, tBTC, weETH, USDe, and mETH tokens.

Type
parameter change

Key changes

  • rsETH supply cap reduced from 1,500 to 750 in Ethereum USDC Comet(medium)
  • SKY supply cap reduced from 96M to 48M in Ethereum USDS Comet(medium)
  • tBTC supply cap reduced from 285 to 142 in Ethereum USDS Comet(medium)
  • weETH supply cap reduced from 12,000 to 6,000 in Ethereum USDS Comet(medium)
  • USDe supply cap reduced from 50M to 25M in Ethereum USDS Comet(medium)
  • mETH supply cap reduced from 4,000 to 2,000 in Ethereum USDT Comet(medium)

Notable concerns

  • All supply cap reductions are 50% decreases applied to low-utilization assets
Contracts0xc3d688B66703497DAA19211EEdff47f25384cdc30x5D409e56D886231aDAf00c8775665AD0f9897b560x3Afdc9BCA9213A35503b077a6072F3D0d5AB08400x316f9708bb98af7da9c68c1c3b5e79039cd336e3
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

172 words

Cap Recommendations on Ethereum USDC,USDT,USDS and wstETH comets

Simple Summary

Gauntlet recommends the following supply cap adjustments to the protocol:

Supply Cap Recommendations

CometAssetSupply Cap
Ethereum USDCrsETH1,500 → 750
Ethereum USDSSKY96M → 48M
Ethereum USDStBTC285 → 142
Ethereum USDSweETH12,000 → 6,000
Ethereum USDSUSDe50M → 25M
Ethereum USDTmETH4,000 → 2,000

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

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": "0xA1290d69c65A6Fe4DF752f95823fae25cB99e5A7",
  "cometProxy": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "newSupplyCap": "750000000000000000000"
}
Calldata
#1deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0xc3d688B66703497DAA19211EEdff47f25384cdc3",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata
#2updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "asset": "0x56072C95FAA701256059aa122697B133aDEd9279",
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "newSupplyCap": "48000000000000000000000000"
}
Calldata
#3updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "asset": "0x18084fbA666a33d37592fA2633fD49a74DD93a88",
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "newSupplyCap": "142000000000000000000"
}
Calldata
#4updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "asset": "0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee",
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "newSupplyCap": "6000000000000000000000"
}
Calldata
#5updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "asset": "0x4c9EDD5852cd905f086C759E8383e09bff1E68B3",
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "newSupplyCap": "25000000000000000000000000"
}
Calldata
#6deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata
#7updateAssetSupplyCap(address,address,uint128)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
updateAssetSupplyCap(address,address,uint128)
Arguments
{
  "asset": "0xd5F7838F5C461fefF7FE49ea5ebaF7728bB0ADfa",
  "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "newSupplyCap": "2000000000000000000000"
}
Calldata
#8deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata

05Tally

Summed from votes

Voters17
VP participating707.1K
Outcome (current)For
Current support100%

06Voters

17 total

No votes recorded yet.

07Forum

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

Arguments for

  • Low utilization markets pose unnecessary risk exposure; reducing caps by 50% for assets averaging below 1% utilization over 30 days decreases protocol risk without affecting current positions.— Gauntlet

Arguments against

None surfaced.

Notable participants

  • GauntletProposer presenting supply cap reduction recommendations based on utilization analysis.
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Open the thread ↗