Simple Summary
Gauntlet will use Cap Guardian to increase the Borrow Cap for xcUSDC.
| Current Borrow Cap | Recommended Borrow Cap | |
|---|---|---|
| xcUSDC | 400,000 | 560,000 |
Gauntlet will be utilizing the Cap Guardian to enact this change as voted by the community within this forum post and proposal.
Supporting Data
xcUSDC Circulating Supply
The circulating supply of xcUSDC has increased 3x since our last recommendation to 681k xcUSDC, and expect this growth to continue further. The Borrow Cap is intended to accomodate the future growth.
xcUSDC Borrowing
Of the top 10 largest suppliers on xcUSDC, 4 have no debt on their collateral, and the rest are borrowing using both recursive and non-recursive strategies. Gauntlet will continue to monitor these 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.