# Gauntlet's Risk Recommendation - Increase DAI Supply CAP on BASE

**URL:** https://forum.moonwell.fi/t/gauntlets-risk-recommendation-increase-dai-supply-cap-on-base/610
**Category:** Proposals
**Tags:** base
**Created:** [September 4, 2023, 3:32pm UTC](https://forum.moonwell.fi/t/gauntlets-risk-recommendation-increase-dai-supply-cap-on-base/610 "2023-09-04T15:32:18Z")
**Posts on this page:** 2
**Page:** 1

<div class="post-metadata">

### Author: ![Gauntlet](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/gauntlet/32/780_2.png) [@Gauntlet](https://forum.moonwell.fi/u/Gauntlet)
#### Post date: [September 4, 2023, 3:32pm UTC](https://forum.moonwell.fi/t/gauntlets-risk-recommendation-increase-dai-supply-cap-on-base/610/1 "2023-09-04T15:32:19Z")

</div>

## 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](https://forum.moonwell.fi/t/gauntlets-initial-recommendations-for-moonwell-on-base/536) and [proposal](https://gov.moonwell.fi/artemis/proposal/39).

## Supporting Data

Supply Cap Usage has been hitting the 100% usage past days and currently at 83%:

### DAI’s Supply Cap Usage

 ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/1X/3d003080c51be17b5a52323244c85b0de969fd3c.png)

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 |

### DAI Circulating Growth

 ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/1X/331e99f3c0c932cb6ac58f8048c58974b3f7b436.jpeg)

### Current DAI Supply Balance

 ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/1X/b305f6ad5a768e2c327b55d09614c27e6d8568bd.png)

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<div class="post-metadata">

### Author: ![Gauntlet](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/gauntlet/32/780_2.png) [@Gauntlet](https://forum.moonwell.fi/u/Gauntlet)
#### Post date: [September 5, 2023, 3:08pm UTC](https://forum.moonwell.fi/t/gauntlets-risk-recommendation-increase-dai-supply-cap-on-base/610/2 "2023-09-05T15:08:58Z")

</div>

Cap Guardian [changes](https://basescan.org/address/0xa28b7D23e9F8D8d5346A7901ecC9eC8ea48bAEcD) to DAI have been implemented.