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 |