Simple Summary
Gauntlet recommends to increase PYUSD Supply Cap to 20M
Specification
Ethereum Aave V3
| Parameter | Current Value | Recommended Value |
|---|---|---|
| PYUSD Supply Cap | 10,000,000 | 20,000,000 |
Supporting Data
The supply cap for PYUSD was hit within 2 days of listing on the ETH v3 market. There is substantial liquidity within Curve for this non-collateral enabled stablecoin to have the supply cap increase
Link to chart
Next Steps
Once we receive feedback from @ChaosLabs on the above recommendations, we will move forward with Risk Steward actions.
Disclaimer
Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
Copyright
Copyright and related rights waived via CC0.