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 proposal.

Guardian transactions have been completed: