Simple Summary
Gauntlet will use Cap Guardian to increase Supply and Borrow caps for wETH.
| Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap | |
|---|---|---|---|---|
| WETH | 18000 | 22000 | 14000 | 16000 |
Gauntlet will be utilizing the Cap Guardians to enact this change as voted by the community within this forum post and proposal.
Supporting Data
WETH Cap Recommendations
Cap Usage
The WETH Supply Cap and Borrow Cap has increased over the 75% threshold.
WETH positions
The top 10 positions supplying WETH are borrowing correlated assets with exception for two positions borrowing USDC. Gauntlet will continue to monitor these positions. These top 10 positions make up more than 50% of all WETH borrows
