Summary
A proposal to:
- Increase GHO’s supply cap on the Arbitrum V3 deployment.
Motivation
GHO (Arbitrum)
GHO is approaching its supply cap while its borrow cap is 21% utilized.
Supply Distribution
Its supply is well distributed, with the largest supplier accounting for nearly 19% of the total supply.
Recommendation
Given on-chain liquidity and user behavior, we recommend increasing the supply cap; there is currently no need to increase the borrow cap.
Specification
| Chain | Asset | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|
| Arbitrum | GHO | 5,000,000 | 10,000,000 | 4,500,000 | - |
Next Steps
We will move forward and implement these updates via the Risk Steward process.
Disclaimer
Chaos Labs has not been compensated by any third party for publishing this ARFC.
Copyright
Copyright and related rights waived via CC0