[ARFC] Gauntlet Supply Cap Recommendations for Base v3 2023-11-06

Governance
1

Per Gauntlet’s supply and borrow cap methodology, we recommend increasing cbETH supply cap on Base v3 to 2000.

Specifications

Chain Asset Cap Current Recommended
Base cbETH Supply 1000 2000

Motivation

cbETH supply cap usage is at ~88% on Base v3.

Next Steps

Once we receive feedback from @ChaosLabs on the above recommendations, we will move forward with Risk Steward.

2

Chaos Labs supports the recommended cap increase for cbETH on Base to 2,000.

3

Risk steward txn for above cap update is below.

4

The transaction above was successfully executed.

5

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