Gauntlet's Risk Recommendation - Increase wstETH Caps on BASE via Guardian

Simple Summary

Gauntlet will use Cap Guardian to increase Supply and Borrow Cap on wstETH.

Current Recommended
Borrow Cap 80 160
Supply Cap 180 360

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

Borrow Cap Usage

Circulating Supply of wstETH

Asset Current Borrow Cap Current Supply Cap Borrow Cap Usage Supply Cap Usage DEX 25pct Slippage Token DEX 25pct Slippage USD
wstETH 80 180 83% 80% 160 $352k
1 Like

Hey Moonwell Community,
Guardian Action has been implemented. Here are the borrow cap transaction and supply cap transaction.