Under the current implementation for LST Emode, Gauntlet believes this cap increase for MaticX is premature. 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 27m. MaticX pricing must move to the synchronized price adapter solution, and the community align on potential “killswitches” in the event of MaticX depeg, for this cap increase to not add excess market risk.