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Chaos Labs proposed to double the supply caps for certain assets on GnosisChain and set borrow caps at 90% of these, with community feedback leading to a revised proposal that was executed to meet market demand. The community's positive response and the successful governance process reflect the market's adaptability and growth potential.
Chaos Labs has put forward a proposal to increase the supply and borrow caps for various assets on the GnosisChain market. This action is in response to the high demand and utilization rates observed since the market's inception. The proposal specifically suggests doubling the supply cap for WXDAI, sDAI, USDC, and EURe, while setting the borrow cap at 90% of the respective supply caps. Additionally, for wstETH, the proposal recommends increasing the supply cap to 5,000.
The community reaction to the proposal has been generally positive. MarcZeller showed complete support for the proposal [MarcZeller2]. Gauntlet, while supporting the increases for wstETH and sDAI, advised more conservative cap increases for WXDAI, USDC, and EURe, citing concerns about weaker liquidity and lower usage rates [Gauntlet3]. Following this feedback, ChaosLabs updated the proposal with the recommendations provided by Gauntlet and prepared the payload for execution [ChaosLabs4]. Gauntlet later confirmed that the proposal had been executed via the risk steward process [Gauntlet5].
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Posted a month ago
Last reply 24 days ago
Summary updated 15 days ago
Last updated 09/12 13:52