[ARFC] Gauntlet's Borrow Cap Recommendation - Optimism Aave v3 - 2023-12-29

Per Gauntlet’s supply and borrow caps methodology, we recommend the following borrow cap increase:

Chain Asset Current Supply Cap Recommended Supply Cap Current Borrow Cap Recommended Borrow Cap
Optimism OP 10,000,000 No Change 500,000 1,000,000


Gauntlet proposes to increase borrow cap for OP on optimism v3 market to address the demand for borrowing.


Borrow Cap Usage

Link to chart


Asset Circulating Supply DEX 25% Slippage Global Volume ($) Global 2% Depth ($) Top 3 Wallet Amt Top 5 Wallet Amt
OP 4,294,967,296 474,582 $499,620,680.36 $20,894,103.76 2,389,685,398 2,679,984,839

Next Steps

Once we receive feedback from @ChaosLabs on the above recommendation, we will move forward with Risk Steward actions or Governance.

We support the recommendations above.

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We’ve prepared the below payload for the above recommendation to be executed via risk steward.

The transaction above was successfully executed.

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