Gauntlet will use Cap Guardian to increase the Supply Cap for cbBTC.
| Asset | Current Supply Cap | Recommended Supply Cap |
|---|---|---|
| cbBTC | 110 | 220 |
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 Borrowing
Top 10 Suppliers
Analysis of Moonwell’s top 10 suppliers shows that majority of cbBTC positions have USDC debt with a few positions having WETH debt.
cbBTC Liquidity
cbBTC is very liquid, the current supply cap, if liquidated would only incur a 6.5% slippage against USDC.
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.