Gauntlet will use Cap Guardian to increase the Supply and Borrow Cap for the below assets:
| Asset | Chain | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|
| wstETH | Base | 6,300 | 9,000 | 2,400 | No Change |
| VELO | Optimism | 18,000,000 | 25,000,000 | 4,500,000 | 8,000,000 |
| EURC | Base | 8,600,000 | 13,700,000 | 8,000,000 | 11,000,000 |
Gauntlet will be utilizing the Cap Guardian to enact this change as voted by the community within this forum post and proposal.
Supporting Data
Liquidity
wstETH 25% DEX Liquidity
The slippage incurred when liquidating the supply cap stands at 25%. This level of slippage is more than adequate to facilitate the liquidation of substantial user positions effectively.
VELO 25% DEX Liquidity
The slippage incurred when liquidating the supply cap stands at 25%. This level of slippage is more than adequate to facilitate the liquidation of substantial user positions effectively.
Quick Links
Please click below to learn about our methodologies:
Gauntlet Parameter Recommendation Methodology
Gauntlet Model Methodology
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.