Gauntlet aims to provide the community with weekly updates on this market. We plan to post these updates every Friday, keeping the community informed about the market conditions on Base.
Simple Summary
- rETH’s borrow balance increased WoW by 93.53% from $79.48K to $153.83K.
- DAI’s borrow balance decreased WoW by -29.59% from $4.16M to $2.93M.
- rETH’s supply balance increased WoW by 32.80% from $740.68K to $983.62K.
- DAI’s supply balance decreased WoW by -37.55% from $5.85M to $3.65M.
- rETH’s utilization increased WoW by 45.73% from 10.73% to 15.64%.
- wstETH’s utilization decreased WoW by -14.83% from 28.42% to 24.20%.
Total Supply
This graph shows the total supply of all assets over the time frame in question.
To see updated statistics, please see the live version of this graph here.
Total Borrows
This graph shows the total borrows of all assets over the time frame in question.
To see updated statistics, please see the live version of this graph here.
Utilization
This graph shows the utilization (borrow / supply) of all assets over the time frame in question.
Supply Cap Usage
This graph shows the supply cap usage (supply / supply cap) of all assets over the time frame in question.
Gauntlet has lowered the DAI supply cap within the Base market due to deteriorating liquidity. This reduction in the supply cap temporarily restricts any further minting of DAI until the supply falls below the cap.Here is the forum post.
Borrow Cap Usage
This graph shows the borrow cap usage (borrow / borrow cap) of all assets over the time frame in question.
On-chain Liquidity
This table gives high-level statistics over the time frame in question.
| Asset | Borrow Cap | Supply Cap | Borrow Cap Usage | Supply Cap Usage | DEX 25pct Slippage Token | DEX 25pct Slippage USD |
|---|---|---|---|---|---|---|
| USDC | 10,000,000 | 15,000,000 | 54.96% | 46.56% | 4,910,434 | $4,910,873.93 |
| WSTETH | 320 | 800 | 47.17% | 77.93% | 522 | $1,337,593.94 |
| WETH | 8,000 | 10,500 | 68.98% | 67.39% | 1,268 | $2,814,461.98 |
| rETH | 200 | 600 | 31.60% | 67.42% | 301 | $732,088.37 |
| cbETH | 1,000 | 6,000 | 59.70% | 61.02% | 754 | $1,766,316.83 |
| USDbC | 4,000,000 | 5,000,000 | 13.88% | 20.92% | 4,223,273 | $4,223,651.94 |
| DAI | 4,500,000 | 5,000,000 | 76.95% | 85.15% | 462,924 | $463,018.02 |
Weekly Annualized Reserve and Interest Projections
Protocol Growth
To see updated statistics, please see the live version of this graph here.