Simple Summary
Gauntlet will use Cap Guardian to increase Borrow Cap for cbETH.
| Current Borrow Cap | Recommended Borrow Cap | |
|---|---|---|
| cbETH | 1000 | 1800 |
Gauntlet will be utilizing the Cap Guardians to enact this change as voted by the community within this forum post and proposal.
Supporting Data
cbETH Cap Usage
The cbETH Borrow Cap has experienced a large increase in usage the past 2 days and currently sits at 92% threshold.
Link to chart
cbETH positions
The largest borrowers of cbETH have mostly recursive positions on cbETH.
DEX Liquidity and Cap Usage
| Asset | Current Borrow Cap | Current Supply Cap | Borrow Cap Usage | Supply Cap Usage | DEX 25pct Slippage Token | DEX 25pct Slippage USD |
|---|---|---|---|---|---|---|
| cbETH | 1,000 | 6,000 | 92.1% | 63.31% | 958 | $2,334,946.34 |