Gauntlet's Risk Recommendation - Increase USDC Borrow Cap on BASE

Simple Summary

Gauntlet will use Cap Guardian to increase Borrow Cap on USDC.

Current Recommended
Borrow Cap 5,000,000 8,500,000

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

Supporting Data

Borrow Cap Usage is currently above 84%.

Link to Chart.

Asset Current Borrow Cap Current Supply Cap Borrow Cap Usage Supply Cap Usage DEX 25pct Slippage Token DEX 25pct Slippage USD
USDC 5,000,000 10,000,000 84.16% 56.44% 2,816,581 $2,816,805.87
1 Like

Gauntle has utilized the Borrow Cap Guardian. Here is the transaction.