# Gauntlet Guardian - cbETH Borrow Cap Recommendation on BASE (2024-02-17)

**URL:** <https://forum.moonwell.fi/t/gauntlet-guardian-cbeth-borrow-cap-recommendation-on-base-2024-02-17/795>\
**Category:** Proposals\
**Tags:** base\
**Created:** [February 17, 2024, 3:05pm UTC](https://forum.moonwell.fi/t/gauntlet-guardian-cbeth-borrow-cap-recommendation-on-base-2024-02-17/795 "2024-02-17T15:05:35Z")\
**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:** [February 17, 2024, 3:05pm UTC](https://forum.moonwell.fi/t/gauntlet-guardian-cbeth-borrow-cap-recommendation-on-base-2024-02-17/795/1 "2024-02-17T15:05:35Z")

</div>

## 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](https://forum.moonwell.fi/t/gauntlets-initial-recommendations-for-moonwell-on-base/536) and [proposal](https://gov.moonwell.fi/artemis/proposal/39).

## 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.

 ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/d/dfcda1fbcad12a615d486b83fa9bc85a7534dd83.png)

Link to [chart](https://risk.gauntlet.xyz/protocols/moonwell/markets/base/assets/cbeth?fullscreen=asset_timeseries_borrow_cap_usagehttps://)

### cbETH positions

The largest borrowers of cbETH have mostly recursive positions on cbETH.

 ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/b/bc2591267be385c46cde5ff21f90c29193348b00.png)

### 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 |

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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:** [February 17, 2024, 3:16pm UTC](https://forum.moonwell.fi/t/gauntlet-guardian-cbeth-borrow-cap-recommendation-on-base-2024-02-17/795/2 "2024-02-17T15:16:42Z")

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Guardian [transaction](https://basescan.org/tx/0x36902bba3a43b8491cb0be32231848e5a053956db5dcf0c38820a1e43193519b#eventlog) executed on-chain.