Gauntlet supports these cap increases on Ethereum.
We also recommend increasing 1INCH supply cap on Ethereum from 22M to 30M.
1INCH
As seen in our dashboard, the 1INCH supply cap utilization has significantly increased in the last two weeks, from 6% utilization to 81% utilization.
In addition, the 1INCH debt ceiling is 62%.
Per our supply cap methodology and given the debt ceiling, we recommend increasing the 1INCH supply cap from 22M to 30M.
Specification
| Chain | Asset | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|
| Ethereum | SNX | 3,000,000 | 4,500,000 | 1,100,000 | No Change |
| Ethereum | ENS | 1,000,000 | 1,500,000 | 40,000 | No Change |
| Ethereum | 1INCH | 22,000,000 | 30,000,000 | 720,000 | No Change |