Gauntlet will use Cap Guardian to increase Supply Cap on rETH.
Link to chart
300 of rETH can be swap to WETH for 1% slippage on Balancer.
Balancer’s rETH/WETH pool is overweight with WETH in which this allows relatively low slippage when swapping rETH to WETH in relation to circulating supply of rETH token on-chain (379 rETH). Gauntlet will continue to monitor rETH liquidity.
Since Moonwell listed rETH, rETH has not experience substantial growth of the circulating supply on the BASE chain and the current liquidity source is concentrated within one pool on Balancer. As such, Gauntlet recommends a conservative increase to the supply cap.
|Current Supply Cap
|Supply Cap Usage
|DEX 1pct Slippage Token
|DEX 1pct Slippage USD