Gauntlet Guardian - Increase WETH Supply and Borrow Caps

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

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Guardian Transaction 1 and Transaction 2 have been implemented.

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