[Gauntlet] Weekly V3 Arbitrum Market Update

[Gauntlet] V3 Arbitrum Market - (2024-01-26 through 2024-02-01)

Gauntlet would like to provide the community with an update on this market over the previous week. Gauntlet is continuing to monitor this market. At this time, we do not recommend any parameter updates, but will keep the community informed.

Summary

This table gives high-level statistics over the time frame in question. Bold lines correspond to weekly average supply cap usage over 75%.

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Current DEX 25% Slippage (Tokens) Current DEX 25% Slippage (USD)
USDC $120.00M $128.00M 46.85% 49.09% 36.18M $36.18M
USDT $35.00M $50.00M 50.00% 38.75% 15.80M $15.79M
DAI $30.00M $50.00M 21.98% 14.65% 8.34M $8.33M
USDC.e $24.00M $26.00M 67.16% 68.90% 60.62M $60.62M
ARB $16.50M $40.00M 9.66% 54.68% 12.67M $22.60M
FRAX $5.50M $7.00M 2.10% 2.01% 4.78M $4.77M
LUSD $1.80M $2.20M 45.55% 49.66% 1.03M $1.03M
LINK $484.49K $1.80M 17.85% 86.24% 463.80K $7.97M
WETH $40.00K $70.00K 67.78% 65.48% 74.98K $172.71M
wstETH $2.40K $60.00K 14.03% 63.00% 4.99K $13.28M
rETH $1.36K $5.10K 6.41% 47.92% 3.91K $9.89M
WBTC $1.11K $4.20K 9.12% 43.80% 810.38 $34.89M

Key Interest Rates Trend

Screenshot 2024-02-02 at 4.11.24 PM

Top Movers

  • LINK’s borrow balance increased WoW by 58% from $1M to $2M.
  • rETH’s borrow balance decreased WoW by -64% from $349K to $125K.
  • LINK’s supply balance increased WoW by 31% from $21M to $27M.
  • LUSD’s supply balance decreased WoW by -14% from $1M to $1M.
  • LINK’s utilization increased WoW by 21% from 6% to 7%.
  • rETH’s utilization decreased WoW by -63% from 6% to 2%.

Weekly Annualized Reserve and Interest Projections

Interest and Reserves Projections

Supply Trend

This graph shows the total supply of all assets over the time frame in question. To see updated statistics, please see the live version of this graph here.

Supply

Borrows Trend

This graph shows the total borrows of all assets over the time frame in question. To see updated statistics, please see the live version of this graph here.

Borrows

Utilization Trend

This graph shows the utilization (borrow / supply) of all assets over the time frame in question.

Utilization

Supply Cap Usage Trend

This graph shows the supply cap usage (supply / supply cap) of all assets over the time frame in question.

Supply Cap Usage

Borrow Cap Usage Trend

This graph shows the borrow cap usage (borrow / borrow cap) of all assets over the time frame in question.

Borrow Cap Usage

[Gauntlet] Weekly Market Update - (2024-02-02 through 2024-02-08)

Gauntlet would like to provide the community with an update on this market over the previous week. Gauntlet is continuing to monitor this market. At this time, we do not recommend any parameter updates, but will keep the community informed.

Summary

Note:

  • Gauntlet has decided to withhold its recommendation to increase the supply cap for LINK considering its liquidity limit on DEX.

This table gives high-level statistics over the time frame in question. Bold lines correspond to weekly average supply cap usage over 75%.

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization Current DEX 25% Slippage (USD)
USDC 120.00M 128.00M 46.63% 49.79% 87.80% $21.87M
USDT 35.00M 50.00M 55.07% 42.83% 90.00% $14.36M
DAI 30.00M 50.00M 21.89% 15.56% 84.43% $8.32M
USDC.e 24.00M 26.00M 66.27% 67.85% 90.16% $44.28M
ARB 16.50M 40.00M 9.11% 61.87% 6.07% $30.65M
FRAX 5.50M 7.00M 2.94% 2.75% 83.97% $7.92M
LUSD 1.80M 2.20M 41.15% 43.59% 77.25% $399.12K
LINK 484.49K 1.80M 25.84% 84.99% 8.18% $6.69M
WETH 40.00K 70.00K 72.44% 65.24% 63.45% $38.61M
wstETH 2.40K 60.00K 17.17% 64.24% 1.07% $9.70M
rETH 1.36K 5.10K 3.23% 47.08% 1.83% $10.45M
WBTC 1.11K 4.20K 9.54% 44.59% 5.68% $28.40M

Key Interest Rates Trend

This week’s USDC variable borrow rates trend support the rationale of keeping current Slope1 parameters.

Screenshot 2024-02-09 at 3.35.07 PM

Top Movers

  • wstETH’s borrow balance increased WoW by 51% from $989K to $1M.
  • EURS’s borrow balance decreased WoW by -29% from $39K to $28K.
  • ARB’s supply balance increased WoW by 16% from $41M to $47M.
  • LUSD’s supply balance decreased WoW by -12% from $1M to $899K.
  • wstETH’s utilization increased WoW by 43% from 1% to 1%.
  • EURS’s utilization decreased WoW by -28% from 78% to 56%.

Liquidations

Liquidated Asset Liquidated Amount (Tokens) Liquidated Amount (USD)
LINK 2.12K $38.34K
USDC 20.93K $20.93K
WETH 1.97 $4.55K
ARB 1.35K $2.43K
WBTC 0.01 $537.04
WSTETH 0.14 $368.22

Weekly Annualized Reserve and Interest Projections

Interest and Reserves Projections

Supply Cap Usage Trend

This graph shows the supply cap usage (supply / supply cap) of all assets over the time frame in question.

Supply Cap Usage

Borrow Cap Usage Trend

This graph shows the borrow cap usage (borrow / borrow cap) of all assets over the time frame in question.

Borrow Cap Usage

[Gauntlet] Weekly Market Update - (2024-02-09 through 2024-02-15)

Gauntlet would like to provide the community with an update on this market over the previous week. Gauntlet is continuing to monitor this market. At this time, we do not recommend any parameter updates, but will keep the community informed.

Summary

This table gives high-level statistics over the time frame in question. Bold lines correspond to weekly average supply/borrow cap usage over 75%.

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization Current DEX 25% Slippage (USD)
USDC 120.00M 128.00M 49.87% 51.51% 90.78% $17.33M
USDT 35.00M 50.00M 57.77% 44.15% 91.59% $23.69M
DAI 30.00M 50.00M 23.51% 15.57% 90.60% $9.41M
USDC.e 24.00M 26.00M 67.56% 68.72% 90.76% $21.93M
ARB 16.50M 40.00M 8.56% 63.41% 5.57% $23.99M
FRAX 5.50M 7.00M 3.27% 2.81% 91.60% $7.95M
LUSD 1.80M 2.20M 41.00% 41.10% 81.63% $187.81K
LINK 484.49K 1.80M 24.72% 87.86% 7.57% $7.49M
WETH 40.00K 70.00K 76.10% 65.34% 66.55% $25.77M
wstETH 2.40K 60.00K 20.52% 65.09% 1.26% $11.42M
rETH 1.36K 5.10K 3.61% 48.65% 1.98% $10.92M
WBTC 1.11K 4.20K 11.12% 45.49% 6.49% $16.89M

Top Movers

  • WBTC’s borrow balance increased WoW by 34% from $5M to $7M.
  • LINK’s borrow balance decreased WoW by -15% from $2M to $2M.
  • rETH’s supply balance increased WoW by 22% from $6M to $8M.
  • FRAX’s supply balance decreased WoW by -6% from $197K to $184K.
  • WBTC’s utilization increased WoW by 15% from 6% to 7%.
  • LINK’s utilization decreased WoW by -26% from 8% to 6%.

Key Interest Rates

Key Interest Rates

Liquidations

Liquidated Asset Liquidated Amount (Tokens) Liquidated Amount (USD)
USDC 31.50K $31.50K
WETH 10.28 $26.52K
WBTC 0.09 $4.59K
WSTETH 1.14 $3.50K
DAI 1.72K $1.72K
LINK 33.02 $661.47
EURS 104.67 $112.07
ARB 53.31 $104.19

Weekly Annualized Reserve and Interest Projections

Interest and Reserves Projections

Supply Trend

This graph shows the total supply of all assets over the time frame in question. To see updated statistics, please see the live version of this graph here.

Supply

Borrows Trend

This graph shows the total borrows of all assets over the time frame in question. To see updated statistics, please see the live version of this graph here.

Borrows

Utilization Trend

This graph shows the utilization (borrow / supply) of all assets over the time frame in question.

Utilization

Supply Cap Usage Trend

This graph shows the supply cap usage (supply / supply cap) of all assets over the time frame in question.

Supply Cap Usage

Borrow Cap Usage Trend

This graph shows the borrow cap usage (borrow / borrow cap) of all assets over the time frame in question.

Borrow Cap Usage

1 Like

Hey @Gauntlet,

Seems you are missing the AAVE token that has been supply capped for several months on Arbitrum. In Polygon is also capped.

I would suggest increasing it to the same number as Optimism, 45K, and polygon maybe to 120K.

Cheers