Gauntlet will use Cap Guardian to decrease Supply and Borrow caps for DAI.
|Current Supply Cap
|Recommended Supply Cap
|Current Borrow Cap
|Recommended Borrow Cap
The sustained high utilization of the DAI cap, coupled with diminishing on-chain liquidity, necessitates a reduction in both the supply and borrow caps.
The circulating supply of DAI has continued to drop since the last cap recommendation, now sitting at 5.3 million compared to 6.1 million. The recommendations above are made as a preventive measure to avoid accumulating bad debt for the protocol.
The largest positions supplying DAI are borrowing corellated assets or borrrowing recursively. Gauntlet will continue to monitor these positions closely.
|Borrow Cap Usage
|Supply Cap Usage
|DEX 25pct Slippage Token
Please click below to learn about our methodologies:
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