Gauntlet Guardian - Cap Recommendations on BASE
Simple Summary
Gauntlet will use Cap Guardian to increase Supply Cap on USDC:
| Current | Recommended | |
|---|---|---|
| USDC Supply Cap | 10,000,000 | 15,000,000 |
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 Usage
The USDC Supply Cap has increased over the 75% threshold.
Link to Dashboard
USDC Circulating Supply and Holders
Although the USDC total supply has been fluctuating, the active holders for USDC are up 200%+ MoM
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 | 8,500,000 | 10,000,000 | 72% | 75% | 4,918,053.8 | 4,918,618.2 |