[ARFC] Avalanche wAVAX Interest Rate Upgrade

Gauntlet Analysis

While utilization of WAVAX has historically been close to the current uoptimal of 45%, the proposed 65% uoptimal should leave the pool sufficient liquidity for liquidations given the $6M collateral usage and $57M supply.
WAVAX
We do, however, recommend a higher base stable rate offset of 4%, as a 1% offset is low given the added risks that stable borrowing poses for the protocol. While stable borrowing remains disabled, a 4% stable borrowing offset would better serve the protocol if stable borrowing does eventually get enabled.