[ARFC] Increase wstETH supply cap on Optimism

Governance
1

Summary

Gauntlet recommends supply cap changes for wstETH on Optimism, per our LST supply cap methodology.

Increase wstETH supply cap from 18k to 20k on Optimism.

Motivation

The supply cap utilization has hit 90% for wstETH on Optimism.

Specifications

Parameter Current Value Recommended Value
wstETH Supply Cap (Optimism) 18000 20000

Next Steps

  • Once we receive feedback from @ChaosLabs on the above recommendations, we will be able to move forward to implement these updates via the Risk Steward process.
2 Likes
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As we’ve recommended here, we support the proposed increase to wstETH cap on Optimism.

1 Like
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The wstETH supply cap increase on Optimism has been queued up via Risk Steward.

4

We have executed the update to the wstETH supply cap on Optimism via Risk Steward.

1 Like
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