# Gauntlet Guardian - Base USDC Cap Recommendations (2024-05-24)

**URL:** https://forum.moonwell.fi/t/gauntlet-guardian-base-usdc-cap-recommendations-2024-05-24/950
**Category:** Proposals
**Tags:** base
**Created:** [May 24, 2024, 8:58pm UTC](https://forum.moonwell.fi/t/gauntlet-guardian-base-usdc-cap-recommendations-2024-05-24/950 "2024-05-24T20:58:31Z")
**Posts on this page:** 2
**Page:** 1

<div class="post-metadata">

### Author: ![Gauntlet](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/gauntlet/32/780_2.png) [@Gauntlet](https://forum.moonwell.fi/u/Gauntlet)
#### Post date: [May 24, 2024, 8:58pm UTC](https://forum.moonwell.fi/t/gauntlet-guardian-base-usdc-cap-recommendations-2024-05-24/950/1 "2024-05-24T20:58:31Z")

</div>

## Simple Summary

Gauntlet will use Cap Guardian to Change Borrow and Supply caps for USDC.

| | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
| --- | --- | --- | --- | --- |
| USDC | 75,000,000 | 92,000,000 | 70,000,000 | 84,000,000 |

Gauntlet will be utilizing the Cap Guardians to enact this change as voted by the community within this forum [post](https://forum.moonwell.fi/t/gauntlets-initial-recommendations-for-moonwell-on-base/536) and [proposal](https://gov.moonwell.fi/artemis/proposal/39).

## Supporting Data

### USDC Cap Recommendations

#### Supply Cap and Borrow Cap Usage

The USDC Supply cap and Borrow cap usage has increased over the 75% threshold.

 ![Screenshot 2024-05-24 at 3.03.02 PM](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/1/1b690369dcd2cbecd7f6f89e5458e9a5e96d3d2f.png)

#### USDC Circulating Supply and Holders

 ![Screenshot 2024-05-24 at 2.07.49 PM](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/d/d122c553fa46b1f73f47bbf5a516e5a695e42c2d.png)

The largest [position](https://debank.com/profile/0x53ef1a44c70495d634529e711dbf9b0b4beaee44?chain=base) is borrowing recrusively on base with a Health Factor close to 1.01. The rest of the top 10 largest positions are either supplying USDC to borrow non-stable assets or are borrrowing recursively. Gauntlet will continue to monitor these positions closely.

 ![Screenshot 2024-05-24 at 2.56.21 PM](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/3/30226584899223ab01d4f0ec61c5775b62a02c84.png)

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<div class="post-metadata">

### Author: ![Gauntlet](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/gauntlet/32/780_2.png) [@Gauntlet](https://forum.moonwell.fi/u/Gauntlet)
#### Post date: [May 24, 2024, 9:02pm UTC](https://forum.moonwell.fi/t/gauntlet-guardian-base-usdc-cap-recommendations-2024-05-24/950/2 "2024-05-24T21:02:13Z")

</div>

Guardian [Transaction 1](https://basescan.org/tx/0x44d0baf8ad71d0008a647c6147d08521bf5d7e47c3ebe4b38cbbfd61c3103616) and [Transaction 2](https://basescan.org/tx/0x33dff7c59902bfb29b2fa57b3d677f6a983f93a9bd37fbe5113f44c94bbd494b) have been implemented