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The proposal to double the borrow cap for WETH on Metis v3 from 30 to 60, put forth by Gauntlet due to nearing usage limit, was approved by ChaosLabs. The approved change will be implemented in a single payload with other modifications, reflecting the community's adaptability to user demand and market conditions.
The discussion primarily revolved around the proposal to increase the borrow cap for WETH on Metis v3. This suggestion was put forth by Gauntlet, who noted that the current usage was nearing its limit at 97%. In order to accommodate the growing demand, Gauntlet proposed to double the cap from 30 to 60. This recommendation was not made arbitrarily, but was based on Gauntlet's supply and borrow cap methodology, a well-regarded approach within the community.
The proposal was then passed on to ChaosLabs for review and feedback. After careful consideration, ChaosLabs gave their approval for the increase. They further stated that they would implement this change along with other approved modifications in a single payload. This approach would streamline the process and ensure that all changes are implemented simultaneously, reducing the potential for errors or conflicts.
In conclusion, the discussion led to the decision to increase the borrow cap for WETH on Metis v3 from 30 to 60. This change, approved by ChaosLabs, will be implemented in a single payload along with other approved modifications. This decision reflects the community's commitment to adapt and evolve in response to user demand and market conditions.
Posted 5 months ago
Last reply 4 months ago
Summary updated 2 months ago
Last updated 06/12 00:43