Per Gauntlet’s supply and borrow caps methodology, we recommend the following supply cap increase:
|Current Supply Cap
|Recommended Supply Cap
|Current Borrow Cap
|Recommended Borrow Cap
Gauntlet proposes to increase supply cap for cbETH on BASE v3 market to address the growing supply demand for this strategic LST asset.
Link to chart
The top 3 suppliers of cbETH on Base v3 market are utilizing the asset to borrow WETH.
|DEX 25% Slippage
|Global Volume ($)
Once we receive feedback from @ChaosLabs on the above recommendations, we will move forward with Risk Steward actions or Governance.