Gauntlet Guardian - Increase Caps for Native USDC on Base

Simple Summary

Gauntlet will use Cap Guardian to Change Borrow Caps and Supply caps for USDC.

Current Supply Cap Recommended Supply Cap Current Borrow Cap Recommended Borrow Cap
USDC 20,000,000 40,000,000 18,200,000 36,400,000

Gauntlet will be utilizing the Cap Guardians to enact this change as voted by the community within this forum post and proposal.

Supporting Data

USDC Cap Recommendations

Supply Cap and Borrow Cap Usage

The USDC Supply cap and Borrow cap usage has increased over the 75% threshold.

USDC Circulating Supply and Holders

Gauntlet recommends an increase in both the Supply cap to 20,000,000 and Borrow cap to 18,200,000.

The top 10 largest positions supplying USDC are borrowing correlated assets or borrrowing recursively. Gauntlet will continue to monitor these positions closely.

USDC Supply has increased exponentially in the past few days with equal increase in holders signalling strong demand for this asset.

DEX Liquidity and Cap Usage

Asset Borrow Cap Supply Cap Borrow Cap Usage Supply Cap Usage DEX 25pct Slippage Token DEX 25pct Slippage USD
USDC 18,200,000 20,000,000 79.29% 99.98% 6,913,693 $6,913,850.36

Quick Links

Please click below to learn about our methodologies:

Gauntlet Parameter Recommendation Methodology
Gauntlet Model Methodology

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