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ChaosLabs proposed to increase the supply and borrow caps for several Ethereum assets (RPL, MKR, UNI, cbETH) due to high utilization rates, with the main supplier for RPL identified as account 0x6e...929a. The changes, agreed upon by Gauntlet, have been implemented via the Risk Steward process, marking a significant development in the management of these assets.
The discussion primarily revolved around the proposal by ChaosLabs to increase the supply and borrow caps for several Ethereum assets due to their high utilization rates. The assets in question were RPL, MKR, UNI, and cbETH. The proposed changes included doubling the supply cap for RPL, MKR, and UNI, while leaving the borrow cap unchanged for RPL and UNI. For MKR, the borrow cap was proposed to be doubled, and for cbETH, only the borrow cap was suggested to be doubled while the supply cap remained the same.
These recommendations were made after a thorough analysis of user positions for each asset, using Chaos' supply and borrow cap methodologies. Notably, the main supplier for RPL was identified as account 0x6e...929a, which supplied nearly 65% of all RPL tokens.
The proposed changes were met with agreement from Gauntlet and have been prepared for implementation via the Risk Steward process. The changes have been executed as per posts 1,2,3,4. This marks a significant development in the management of these Ethereum assets, with the potential to impact their utilization and distribution in the community.
Posted 3 months ago
Last reply 3 months ago
Summary updated 2 months ago
Last updated 03/12 08:00