Gauntlet Guardian - Increase Caps on Base (2023-12-28)

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
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Guardian has been implemented to increase USDC supply cap. Here is the transaction.