Simple Summary
Gauntlet will use Cap Guardian to increase Supply Cap on DAI.
| Current (#) | Current (USD) | Recommended (#) | Recommended (USD) | |
|---|---|---|---|---|
| Supply Cap | 6,000,000 | $6,000,000 | 10,000,000 | $10,000,000 |
Gauntlet will be utilizing the Cap Guardians to enact this change as voted by the community within this forum post and proposal.
Supporting Data
Supply Cap Usage has been hitting the 100% usage past days and currently at 83%:
DAI’s Supply Cap Usage
Liquidity and circulating supply of DAI have continue to grow on-chain. Based on the DAIs onchain and global liquidity, we support an increase of supply cap to 10M.
| Total Circulating Supply | Percentage of Circulating Supply | 25% Liquidity DEX Depth USD | 2% Global Depth Liquidity | |
|---|---|---|---|---|
| DAI | 23,761,651 | 25.25% | $1,100,000.00 | $15,048,012.91 |
