Summary
Gauntlet will use Cap Guardian to increase the Supply/Borrow Cap for cbBTC and Borrow cap for EURC.
| Asset | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|
| cbBTC | 280 | 560 | 80 | 160 |
| EURC | 8,600,000 | No Change | 3,900,000 | 8,000,000 |
Gauntlet will be utilizing the Cap Guardian to enact this change as voted by the community within this forum post and proposal.
Supporting Data
cbBTC
25% Slippage
Liquidating the recommended cap amounts in the market would incur a price slippage of 25% relative to USDC.
Top 10 Largest Suppliers
The top 5 largest positions are supplying ~$6M and a market liquidation would incur minimal slippage.
EURC
Top 10 Suppliers
Analysis of Moonwell’s top 10 EURC suppliers shows that 4 of these positions have EURC supplies with a corresponding EURC borrow. The rest of the positions are blended with different collateral and borrow assets.
Quick Links
Please click below to learn about our methodologies:
Gauntlet Parameter Recommendation Methodology
Gauntlet Model Methodology
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