Simple Summary
Gauntlet will use Cap Guardian to increase the Supply and Borrow Cap for cbBTC.
| Asset | Current Supply Cap | Recommended Supply Cap |
|---|---|---|
| cbETH | 30 | 50 |
Gauntlet will be utilizing the Cap Guardian to enact this change as voted by the community within this forum post.
Supporting Data
The largest supply position (0xea6a5607d6563) in cbETH is utilizing 90% of the available supply cap liquidity, despite having no active borrow positions. The absence of collateralized positions against cbETH currently limits risk exposure to the OP market.
cbETH Liquidity
Liquidity Sources
| Dex Category | Pool address | TVL(mil) |
|---|---|---|
| kyberswap_elastic_optimism | 0x7c026964f94820808d7013b115bfe99a1b0aab7c | 0.18 |
The liquidity for cbETH is primarily concentrated within this KyberSwap v3 pool. Any further increases to the cbETH supply cap will be constrained unless there is a significant enhancement in cbETH’s overall liquidity profile.
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.
