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 |
|---|---|---|---|---|---|
| cbETH | Base | 8,000 | 10,000 | 2,400 | No Change |
| VELO | Optimism | 25,000,000 | No Change | 4,500,000 | 8,000,000 |
| WETH | Optimism | 5,000 | 7,500 | 4,000 | No Change |
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
cbETH Base 25% DEX Liquidity
The slippage incurred when liquidating the 9,800 cbETH stands at 25%. This level of slippage is more than adequate to facilitate the liquidation of substantial user positions effectively.
WETH Optimism Top 10 suppliers
The top 10 WETH suppliers are supplying close to $9 Million in WETH, making up over 90% of the total supplies.
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.