Gauntlet Guardian - wstETH cap recomendations

Simple Summary

Gauntlet will use Cap Guardian to increase Borrow Caps and Supply caps for wstETH.

Current Supply Cap Recommended Supply Cap Current Borrow Cap Recommended Borrow Cap
wstETH 1000 1300 350 500

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

Supporting Data

wstETH Cap Recommendations

Cap Usage

The wstETH Borrow & Supply Cap has increased over the 75% threshold.

wstETH positions

The largest supplier positions of wstETH either have no debt or are borrowing recursive/correlated assets. Gauntlet will continue to monitor these positions.

Dex Liquidity

The 25pct Depth for wstETH has also been increasing steadily YTD.

DEX Liquidity and Cap Usage

Asset Current Borrow Cap Current Supply Cap Borrow Cap Usage Supply Cap Usage DEX 25pct Slippage Token
wstETH 350 1000 91.4% 82.4% 593.95
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Guardian transactions 1 and 2 were executed on-chain.

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