Gauntlet would like to provide the community with an update on the Base market over the previous week. Currently, we do not recommend any changes to the parameters but will continue to keep the community informed.
On-chain Liquidity
This table gives high-level statistics over the time frame in question. Bold lines correspond to weekly average supply cap usage over 75%.
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Current DEX 25% Slippage (Tokens) | Current DEX 25% Slippage (USD) |
|---|---|---|---|---|---|---|
| USDC | 10.00M | 15.00M | 58.50% | 49.76% | 6.77M | $6.77M |
| USDbC | 4.00M | 5.00M | 14.76% | 20.58% | 6.24M | $6.24M |
| DAI | 3.90M | 4.50M | 80.30% | 87.02% | 652.51K | $652.36K |
| WETH | 8.00K | 10.50K | 70.07% | 68.04% | 1.44K | $3.32M |
| cbETH | 1.00K | 6.00K | 53.01% | 59.95% | 745.87 | $1.82M |
| wstETH | 350.00 | 1.00K | 73.54% | 72.02% | 596.33 | $1.59M |
| rETH | 200.00 | 600.00 | 32.09% | 67.82% | 293.44 | $741.62K |
DAI shows the highest demand, with utilization rates of 80.30% for borrowing and 87.02% for supplying, indicating significant market activity. We are closely monitoring DAI and are prepared to make adjustments as necessary.
Top Movers
- wstETH’s borrow balance increased WoW by 121% from $387K to $856K.
- cbETH’s borrow balance decreased WoW by -6% from $1M to $1M.
- wstETH’s supply balance increased WoW by 36% from $2M to $2M.
- DAI’s supply balance decreased WoW by -11% from $4M to $3M.
- wstETH’s utilization increased WoW by 62% from 24% to 39%.
- cbETH’s utilization decreased WoW by -9% from 16% to 15%.
Weekly Annualized Reserve and Interest Projections
Protocol Growth
To see updated statistics, please see the live version of this graph here.
Supply Trend
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.
Borrows Trend
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 Trend
This graph shows the utilization (borrow / supply) of all assets over the time frame in question.
Supply Cap Usage Trend
This graph shows the supply cap usage (supply / supply cap) of all assets over the time frame in question.
Borrow Cap Usage Trend
This graph shows the borrow cap usage (borrow / borrow cap) of all assets over the time frame in question.
