[Gauntlet] - Caps Recommendation Proposals

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-02-06)

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
rETH	Base	1,320	No change	450	900

Supporting Data

Utilization

Top Positions

Slippage

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-02-07)

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
WELL	Base	150,000,000	No change	37,500,000	75,000,000

Supporting Data

Utilization

Top Positions

Slippage

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-03-11)

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
rETH	Base	1,320	2,600	900	No Change

Supporting Data

Utilization

Top Positions

Slippage

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-04-23)

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
MORPHO	Base	1M	2M	500,000	1M

Supporting Data

Utilization

Top Positions

Slippage

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-04-30)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
wrsETH	Base	1,300	200.0	430	No Change
wrsETH	Optimism	800	20.0	160	No Change

Supporting Data

On April 30, 2025, Kelp DAO confirmed that a recent upgrade introduced a bug in their fee minter contract, causing excess rsETH to be minted to the fee address. This means that rsETH tokens were created without proper backing, disrupting the intended peg and collateral structure of the liquid restaking system.

Even with funds safe, a minting error—especially in fee logic—may raise questions around:

• Contract audit coverage
• QA processes during upgrades
• Fee transparency and governance over emissions

The surplus rsETH remains untouched in the DAO’s fee address. To mitigate risk prior to the team executing the burn and restoring balance, we recommend temporarily limiting caps.

Utilization

On both Base and Optimism, supply cap utilization is under 30%.

Base

Optimism

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-05)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
WETH	Optimism	12,000	16,000	11,000	15,000

Supporting Data

Utilization

Top Positions

Liquidity

Excluding recursive or looping positions, the largest non-looping WETH supplier positions combined contribute less than $1 million in WETH supply. Given the current state of market liquidity, there is sufficient depth to support an increase in the supply cap without introducing significant concentration or risk.

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-18)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
USDT0	Optimism	1,000,000	5,000,000	900K	4,500,000

Supporting Data

Utilization

Liquidity

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-20)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
USDT0	Optimism	5,000,000	15,000,000	4,500,000	13,500,000

Supporting Data

Top Positions

Redemption

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-21)

Summary

Gauntlet will use Cap Guardian to set the Borrow Cap for all assets on Moonbeam and Moonriver to 0.1, streamlining management and promoting more efficient protocol upkeep.

Specifications

Moonbeam

Moonriver

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-22)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
WETH	Optimism	16,000	32,000	15,000	30,000

Supporting Data

Top Positions

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-25)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
USDT0	Optimism	15,000,000	45,000,000	13,500,000	No Change

Supporting Data

Utilization

Redemption

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-28)

Gauntlet has observed that weETH has reached high supply cap utilization on Optimism. However, due to concerns around concentration risk and current user position profiles, we recommend against increasing the supply cap at this time.

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
weETH	Optimism	860	No Change	110	No Change

Supporting Data

Utilization

Onchain Circulation

Onchain Circulation: ~1.6K

Current cap is over 50% of the total onchain circulation.

Top Positions

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-05-29)

Gauntlet has observed that weETH has reached high borrow cap utilization on Optimism. However, due to concerns around current user position profiles, we recommend against increasing the borrow cap at this time.

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
weETH	Optimism	860	No Change	110	No Change

Supporting Data

Utilization

weETH Borrow Cap Utilization

Top Borrower Positions

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.

[Gauntlet]

[Gauntlet] - Cap Recommendations (2025-06-03)

Gauntlet will use Cap Guardian to adjust the Supply and Borrow Cap for the below assets:

Asset	Chain	Current Supply Cap	Recommended Supply Cap	Current Borrow Cap	Recommended Borrow Cap
OP	Optimism	2,800,000	5,600,000	650,000	No Change

Supporting Data

Utilization

Top Positions

slippage

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.