Simple Summary
Gauntlet will use Cap Guardian to increase Supply Cap on rETH:
| Current | Recommended | |
|---|---|---|
| rETH Supply Cap | 500 | 600 |
Gauntlet will not increase caps on DAI.
Gauntlet will be utilizing the Cap Guardians to enact this change as voted by the community within this forum post and proposal.
Supporting Data
rETH Cap Recommendations
Supply Cap Usage
rETH collateral usage equates to $346k with most top rETH collateral positions either borrowing recursively or with highly correlated assets.
Top rETH Suppliers
rETH Circulating Supply and Holders
Since our last recommendation, circulating supply of rETH has increase from 780 to 870.
DAI Cap Recommendations
DAI Circulating Supply and Holders
Gauntlet does not recommend to increase DAI caps based on current on-chain liquidity and current concentration of DAI on the protocol. Gauntlet will continue to monitor market conditions and increase caps once on-chain liquidity improves. Collateral Usage is at $4M with most large collateralize positions having a recursive position.
Top DAI Suppliers
DEX Liquidity and Cap Usage
| Asset | Borrow Cap | Supply Cap | Borrow Cap Usage | Supply Cap Usage | DEX 25pct Slippage Token | DEX 25pct Slippage USD |
|---|---|---|---|---|---|---|
| DAI | 6,000,000 | 7,500,000 | 85.10% | 89.77% | 2,176,861 | $2,176,780.33 |
| rETH | 100 | 500 | 42.97% | 78.90% | 483 | $1,223,618.57 |