Gauntlet believes this cap increase to 21000 for wstETH on Optimism is premature and instead recommends a cap increase to 18000. Our methodology, as tailored to how LSTs are currently priced, thresholds the supply cap to 50% of the local supply which in this case is 18000. wstETH pricing must move to the synchronized price adapter solution, and the community align on potential “killswitches” in the event of wstETH depeg, for any further cap increases to not add excess market risk.