Moonwell BASE Recommendations (2023-09-11)

[Gauntlet]

USDbC Supply and Borrow Caps have been implemented via Guardian.

Moonwell Guardian USDbC Supply/Borrow Caps

Guardian Action Gauntlet implemented Cap Guardian to decrease the following caps: Risk Parameter Current Value Recommended Value USDbC Supply Cap 40,000,000 20,000,000 USDbC Borrow Cap 32,000,000 16,000,000 cbETH Borrow Cap 1,200 1,000 The rationale for these actions have been explained in Gauntlet’s BASE recommendation forum post and Base Supply/Borrow Cap forum post. Gauntlet utilized the Cap Guardian to enact this change as voted by the community within this forum post and pr…