0x309a862bbC1A00e45506cB8A802D1ff10004c8C0.setNextProposalId()

[Timelock](https://etherscan.io/address/0x6d903f6003cca6255d85cca4d3b5e5146dc33925).setPendingAdmin("0x309a862bbC1A00e45506cB8A802D1ff10004c8C0")

0x309a862bbC1A00e45506cB8A802D1ff10004c8C0.__acceptAdmin()

## Proposal Details 

This proposal will upgrade Compound's GovernorBravoDelegator and GovernorBravoDelegate contracts. **This proposal also marks the beginning of a moratorium period where new proposals should not be submitted to the governor until after the execution of this proposal. This period will end around Feb. 4th.** The design approach for the new governor was discussed in [this forum post](https://www.comp.xyz/t/new-compound-governor-design-approach/5748) and the upgrade details are discussed in [this forum post](https://www.comp.xyz/t/governance-contracts-upgrade-and-proposal-moratorium-period/6220). 

We've used the latest contracts from OpenZeppelin(OZ) library with some modifications to preserve many of the existing features of the Governors including:

Enumerable Proposal IDs: Unlike out of the box OZ governors, where proposalIds are calculated from hashing the contents of a proposal, we will keep the incrementing proposalId pattern of Governor Bravo. To implement this, we will use the GovernorStorage extension with some modifications to incorporate enumerability of proposalIds.

Proposal Guardian, Whitelist Guardian, and whitelisted proposers: Current Governor Bravo's flow of cancelling a proposal will be preserved. The DAO will have control over the management of the roles mentioned above.

The upgrade comes with a number of advantages outlined in [the original upgrade proposal](https://www.comp.xyz/t/new-compound-governor-design-approach/5748) and also additional benefits such as:

Updatable Governor Settings: Proposal threshold, Voting Delay, and Voting Period will be adjustable through the governance process without min and max bounds.

Updatable Quorum: The DAO will also be able to set the quorum, which will be a non-fractional, updatable value using a simple, customized extension contract.

Extended quorum when it is reached late: As a way to help protect against various Governance attacks, we will implement OZ's extension that automatically extends quorum if it is reached late in the voting cycle.

No Limits: There will be no limits on the number of operations a proposal can have.

Flexible Voting: Flexible Voting is an extension to the OZ Governor developed by ScopeLift. It allows for the integration of novel voting schemes without changing or compromising the core security model of the DAO. Examples include voting with tokens while earning yield in DeFi, cross chain voting, shielded voting, and more. Flexible Voting is supported by Tally. It's been audited and is now an OZ governor extension.

Upgradeability: We will use the upgradeable versions of the OZ contracts, and any future upgrades can be done through the upgradeable proxy functionality.

Compound Governor Contracts Upgrade 

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setFactory("[cUSDCv3](https://etherscan.io/address/0xc3d688b66703497daa19211eedff47f25384cdc3)", "0x1fA408992e74A42D1787E28b880C451452E8C958")

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setFactory("[cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56)", "0x1fA408992e74A42D1787E28b880C451452E8C958")

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setFactory("[cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840)", "0x1fA408992e74A42D1787E28b880C451452E8C958")

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setExtensionDelegate("[cUSDCv3](https://etherscan.io/address/0xc3d688b66703497daa19211eedff47f25384cdc3)", "0xA70a0227028aD005F4Fc9376a82cd1462e3AAedC")

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setExtensionDelegate("[cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56)", "0xd4eC911B8FD79139736950235a93d3ea9c3f68ed")

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setExtensionDelegate("[cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840)", "0xe3458a0BdBd5A413d3731595C5Eb7C4CD6a14DD1")

Deploy and upgrade new implementation for [cUSDCv3](https://etherscan.io/address/0xc3d688b66703497daa19211eedff47f25384cdc3) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3)

Deploy and upgrade new implementation for [cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3)

Deploy and upgrade new implementation for [cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3)

## Proposal summary

Compound Growth Program [AlphaGrowth] proposes to update 3 Comet to a new version, which supports up to 24 collaterals. This proposal takes the governance steps recommended and necessary to update a Compound III USDC, USDT and USDS markets on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario).

Detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/904), [deploy market GitHub action run](<>) and [forum discussion](https://www.comp.xyz/t/increase-amount-of-collaterals-in-comet/5465).


## Proposal Actions

The first action sets the factory for cUSDCv3 to the newly deployed factory.

The second action sets the factory for cUSDSv3 to the newly deployed factory.

The third action sets the factory for cUSDTv3 to the newly deployed factory.

The fourth action sets the extension delegate for cUSDCv3 to the newly deployed contract.

The fifth action sets the extension delegate for cUSDSv3 to the newly deployed contract.

The sixth action sets the extension delegate for cUSDTv3 to the newly deployed contract.

The seventh action deploys and upgrades cUSDCv3 to a new version.

The eighth action deploys and upgrades cUSDSv3 to a new version.

The ninth action deploys and upgrades cUSDTv3 to a new version.

Update USDC, USDT and USDS Comets on Mainnet to support more collaterals

Summary:



To activate [Safe Harbor](https://immunefi.com/safe-harbor/) for the [Compound Finance Bug Bounty Program](https://immunefi.com/bug-bounty/compoundfinance/information/#top) on Immunefi, we are pleased to share the full details of the program to align the Compound DAO.



Safe Harbor:



Safe Harbor is a legal framework developed by the [Security Alliance (SEAL)](https://github.com/security-alliance/safe-harbor) for protocols to empower whitehat security researchers to rescue protocol funds during an active blackhat attack — and redirect those funds back to a protocol-controlled [Vault](https://immunefi.com/vaults/) on Immunefi. In return, whitehats receive 10% of the funds saved, with a maximum of up to 60% of the project’s maximum critical reward.



Safe Harbor provides Compound Finance a secure solution for the whitehat recovery of funds during an active blackhat exploit. Immunefi’s implementation of the Security Alliance’s robust Safe Harbor framework, coupled with our extensive community of security researchers, provides a solution that integrates seamlessly with Compound’s bug bounty infrastructure. This ensures that our top-tier security researcher community has a credible and safe channel for returning funds when other security measures fail.



Cost:



If Safe Harbor is utilized during a blackhat attack, the payment to the security researcher is 10% of the funds saved, up to 60% of the project’s maximum critical reward. With Compound Finance’s $1M max critical payout, the rewards paid to a whitehat security researcher would be capped at $600,000.



There are no additional costs payable to Immunefi or to SEAL.



Activation of Safe Harbor:



Once we have the full support of the Compound DAO for the activation of Safe Harbor, the current program administrators will be able to activate Safe Harbor through the Immunefi dashboard, which is where the program administrators are receiving bug reports from the security researcher community.



Once Safe Harbor is activated, we will include all [assets](https://immunefi.com/bug-bounty/compoundfinance/scope/#top) that are currently in scope of the bug bounty program on Safe Harbor. A vault address will also be provided which is the address that security researchers will use to return Compound’s funds.



By approving this proposal, you agree to the unified [Terms & Conditions](https://docs.google.com/document/d/1v83f6s-2_Oav7PtPsaPEeHPA7tf_uLsG/edit) for Safe Harbor Program.

Compound Safe Harbor

This proposal will upgrade Compound's GovernorBravoDelegator and GovernorBravoDelegate contracts. We'll use the latest contracts from OpenZeppelin(OZ) library with some modifications to preserve many of the existing features of the Governors including:

Enumerable Proposal IDs: Unlike out of the box OZ governors, where proposalIds are calculated from hashing the contents of a proposal, we will keep the incrementing proposalId pattern of Governor Bravo. To implement this, we will use the GovernorStorage extension with some modifications to incorporate enumerability of proposalIds.

Proposal Guardian, Whitelist Guardian, and whitelisted proposers: Current Governor Bravo's flow of cancelling a proposal will be preserved. The DAO will have control over the management of the roles mentioned above.

The upgrade comes with a number of advantages outlined in the original upgrade proposal 5 and also additional benefits such as:

Updatable Governor Settings: Proposal threshold, Voting Delay, and Voting Period will be adjustable through the governance process without min and max bounds.

Updatable Quorum: The DAO will also be able to set the quorum, which will be a non-fractional, updatable value using a simple, customized extension contract.

Extended quorum when it is reached late: As a way to help protect against various Governance attacks, we will implement OZ's extension that automatically extends quorum if it is reached late in the voting cycle.

No Limits: There will be no limits on the number of operations a proposal can have.

Flexible Voting: Flexible Voting is an extension to the OZ Governor developed by ScopeLift. It allows for the integration of novel voting schemes without changing or compromising the core security model of the DAO. Examples include voting with tokens while earning yield in DeFi, cross chain voting, shielded voting, and more. Flexible Voting is supported by Tally. It's been audited and is now an OZ governor extension.

Upgradeability: We will use the upgradeable versions of the OZ contracts, and any future upgrades can be done through the upgradeable proxy functionality.

Untitled

Bridge wrapped actions to Polygon with [BridgeReceiver](https://polygonscan.com/address/0x18281dfC4d00905DA1aaA6731414EABa843c468A)

0x6774Bcbd5ceCeF1336b5300fb5186a12DDD8b367.sendMessage("0xC6bf5A64896D679Cf89843DbeC6c0f5d3C9b610D", 0, "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", 3000000)

# Summary

Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 8 of the overarching recommendations to be implemented. In this proposal we specifically target Polygon USDC and USDT comet's IR curves along with Scroll USDC comet's IR curves.


**Stablecoin Comets** 


The recommended curves are for the following comets:

| Comet             |
| ----------------- |
| Ethereum USDC     |
| Ethereum USDT     |
| Ethereum USDS     |
| Arbitrum USDC Native     |
| Arbitrum USDT     |
| Base USDC Native        |
| Polygon USDC      |
| Polygon USDT      |
| Optimism USDT     |
| Optimism USDC     |
| Scroll USDC       |

| Parameter                          | Current Value | Recommended Value |
|------------------------------------|---------------|-------------------|
| Annual Borrow Interest Rate Base   | 0.015         | 0.015             |
| Annual Borrow Interest Rate Slope Low | 0.0333      | 0.05            |
| Borrow Kink                        | 0.9           | 0.9               |
| Annual Borrow Interest Rate Slope High | 4      | 3.4               |
| Annual Supply Interest Rate Base   | 0             | 0                 |
| Annual Supply Interest Rate Slope Low | 0.039      | 0.054             |
| Supply Kink                        | 0.9           | 0.9               |
| Annual Supply Interest Rate Slope High | 3.6       | 3.034               |




# Motivation


* Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the [full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ir-curve-and-incentive-recommendations-for-stablecoin-and-weth-comets/6038?u=gauntlet) for more details.

# Specification
The proposal updates the parameters by using the respective methods on the Configurator.

***By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos***

[Gauntlet] - IR Curve and Incentive Recommendations for Stablecoin and WETH Comets - Part 8

Set supply cap for [tBTC](https://etherscan.io/address/0x18084fba666a33d37592fa2633fd49a74dd93a88) on [cUSDCv3](https://etherscan.io/address/0xc3d688b66703497daa19211eedff47f25384cdc3) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 570.00

Set supply cap for [cbBTC](https://etherscan.io/address/0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf) on [cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 1000.00

# Summary

Gauntlet recommends the following risk recommendations to the protocol:

- Increase Ethereum V3 USDT Comet’s cbBTC Supply Cap from 500 to 1,000.
- Increase Ethereum V3 USDC Comet’s tBTC Supply Cap from 285 to 570.





# Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. 

Full proposal and forum discussions can be found in the following posts.

* [Jan 15](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/20?u=gauntlet)
* [Jan 21](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/22?u=gauntlet)

# Specification
The proposal updates the parameters by using the respective methods on the Configurator.

***By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos***

[Gauntlet] - Cap recommendations  (01/21/25)

0x25ace71c97B33Cc4729CF772ae268934F7ab5fA1.sendMessage("0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF", 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2500000)

[BaseL1CrossDomainMessenger](https://etherscan.io/address/0x866E82a600A1414e583f7F13623F1aC5d58b0Afa).sendMessage("0x18281dfC4d00905DA1aaA6731414EABa843c468A", "0x000000000000000000000000000000000000000000000000000000000000008000000000000000000000000000000000000000000000000000000000000000e000000000000000000000000000000000000000000000000000000000000001400000000000000000000000000000000000000000000000000000000000000260000000000000000000000000000000000000000000000000000000000000000200000000000000000000000045939657d1ca34a8fa39a924b71d28fe8431e581000000000000000000000000bde8f31d2ddda895264e27dd990fab3dc87b372d0000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000a0000000000000000000000000000000000000000000000000000000000000002a73657442617365547261636b696e67426f72726f77537065656428616464726573732c75696e743634290000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000236465706c6f79416e6455706772616465546f28616464726573732c616464726573732900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000a0000000000000000000000000000000000000000000000000000000000000004000000000000000000000000046e6b214b524310239732d51387075e0e70970bf0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000004000000000000000000000000045939657d1ca34a8fa39a924b71d28fe8431e58100000000000000000000000046e6b214b524310239732d51387075e0e70970bf", 3000000)

# Summary

Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 7 of the overarching recommendations to be implemented. In this proposal we specifically target Optimism USDC and USDT comet's IR curves along with COMP reward recommendations for Base WETH and all Optimism Comets.


**Stablecoin Comets** 


The recommended curves are for the following comets:

| Comet             |
| ----------------- |
| Ethereum USDC     |
| Ethereum USDT     |
| Ethereum USDS     |
| Arbitrum USDC Native     |
| Arbitrum USDT     |
| Base USDC Native        |
| Polygon USDC      |
| Polygon USDT      |
| Optimism USDT     |
| Optimism USDC     |
| Scroll USDC       |

| Parameter                          | Current Value | Recommended Value |
|------------------------------------|---------------|-------------------|
| Annual Borrow Interest Rate Base   | 0.015         | 0.015             |
| Annual Borrow Interest Rate Slope Low | 0.0333      | 0.05            |
| Borrow Kink                        | 0.9           | 0.9               |
| Annual Borrow Interest Rate Slope High | 4      | 3.4               |
| Annual Supply Interest Rate Base   | 0             | 0                 |
| Annual Supply Interest Rate Slope Low | 0.039      | 0.054             |
| Supply Kink                        | 0.9           | 0.9               |
| Annual Supply Interest Rate Slope High | 3.6       | 3.034               |



| Comet | Current COMP Supply Rewards | Recommended COMP Supply Rewards | Current COMP Borrow Rewards | Recommended COMP Borrow Rewards | 
| -----| -------| --------| -------|---------| 
| Ethereum WETH 	|	35		| No Change	|	20	|	5	|
| Arbitrum WETH 	|	6		| 10	    |	15	|	5	|
| Base WETH 		|	6		| No Change	|	1	|	0	|
| Optimism WETH 	|	4		| No Change	|	3	|	0	|
|  Ethereum USDC 	|	70		| No Change	|	71	|	35	|
|  Ethereum USDT 	|	70		| No Change	|	50	|	25	|
|  Ethereum USDS 	|	25		| No Change	|	25	|	5	|
|  Arbitrum USDC 	|	17		| 20		|	50	|	10	|
|  Arbitrum USDT 	|	7		| 15	 	|	35	|	10	|
|  Base USDC		|	13		| No Change	|	5	|	0	|
|  Polygon USDC 	|	8		| 0				|	3	|	0	|
|  Polygon USDT 	|	8		| 0				|	4	|	0	|
|  Optimism USDT 	|	5		| No Change	|	5	|	0	|
|  Optimism USDC 	|	5		| No Change	|	5	|	0	|
|  Scroll USDC 		|	6		| No Change	|	2	|	0	|





# Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. 

Full proposal and forum discussions can be found in the following posts.

* Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the [full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ir-curve-and-incentive-recommendations-for-stablecoin-and-weth-comets/6038?u=gauntlet) for more details.

# Specification
The proposal updates the parameters by using the respective methods on the Configurator.

***By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos***

[Gauntlet] - IR Curve and Incentive Recommendations for Stablecoin and WETH Comets - Part 7

Set supply cap for [cbBTC](https://etherscan.io/address/0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf) on [cUSDCv3](https://etherscan.io/address/0xc3d688b66703497daa19211eedff47f25384cdc3) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 900.00

Set supply cap for [cbBTC](https://etherscan.io/address/0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf) on [cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 500.00

Set supply cap for 0xA663B02CF0a4b149d2aD41910CB81e23e1c41c32 on [cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 30000000.00

Set supply cap for [wstETH](https://etherscan.io/address/0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0) on [cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 60000.00

0x25ace71c97B33Cc4729CF772ae268934F7ab5fA1.sendMessage("0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF", "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", 2500000)

[BaseL1CrossDomainMessenger](https://etherscan.io/address/0x866E82a600A1414e583f7F13623F1aC5d58b0Afa).sendMessage("0x18281dfC4d00905DA1aaA6731414EABa843c468A", "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", 3000000)

# Summary

Gauntlet recommends the following risk recommendations to the protocol:

- Increase USDC Mainnet cbBTC supply cap from 650 to 900
- Increase USDT Mainnet cbBTC supply cap from 93 to 500
- Increase USDT Mainnet sFRAX supply cap from 20,000,000 to 30,000,000
- Increase USDT Mainnet wstETH supply cap from 45,000 to 60,000



Along with the above Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 6 of the overarching recommendations to be implemented. In this proposal we specifically target Base WETH and Optimism WETH comet's IR curves.


**WETH Comets** 

The recommended curves are for the following comets:

| Comet             |
| ----------------- |
| Ethereum WETH     |
| Arbitrum WETH     |
| Base WETH         |
| Optimism WETH     |
| Scroll WETH       |


| Parameter                          | Current Value | Recommended Value |
|------------------------------------|---------------|-------------------|
| Annual Borrow Interest Rate Base   | 0.01         | 0.01             |
| Annual Borrow Interest Rate Slope Low | 0.0145      | 0.0155            |
| Borrow Kink                        | 0.9           | 0.9               |
| Annual Borrow Interest Rate Slope High | 1.5      | 1.26               |
| Annual Supply Interest Rate Base   | 0             | 0                 |
| Annual Supply Interest Rate Slope Low | 0.0165      | 0.0216             |
| Supply Kink                        | 0.9           | 0.9               |
| Annual Supply Interest Rate Slope High | 1.2       | 1.125               |




# Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. 

Full proposal and forum discussions can be found in the following posts.

* [Jan 4](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/18?u=gauntlet)
* Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the [full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ir-curve-and-incentive-recommendations-for-stablecoin-and-weth-comets/6038?u=gauntlet) for more details.

# Specification
The proposal updates the parameters by using the respective methods on the Configurator.

***By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos***

[Gauntlet] - IR Curve and Incentive Recommendations for Stablecoin and WETH Comets - Part 6 & Cap recommendations

Set supply cap for [cbBTC](https://etherscan.io/address/0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf) on [cUSDCv3](https://etherscan.io/address/0xc3d688b66703497daa19211eedff47f25384cdc3) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 650.00

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setBorrowPerYearInterestRateSlopeLow("[cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56)", 50000000000000000)

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setBorrowPerYearInterestRateSlopeHigh("[cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56)", 3400000000000000000)

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setSupplyPerYearInterestRateSlopeLow("[cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56)", 54000000000000000)

[Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3).setSupplyPerYearInterestRateSlopeHigh("[cUSDSv3](https://etherscan.io/address/0x5D409e56D886231aDAf00c8775665AD0f9897b56)", 3034000000000000000)

0x25ace71c97B33Cc4729CF772ae268934F7ab5fA1.sendMessage("0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF", "0x0000000000000000000000000000000000000000000000000000000000000080000000000000000000000000000000000000000000000000000000000000010000000000000000000000000000000000000000000000000000000000000001800000000000000000000000000000000000000000000000000000000000000320000000000000000000000000000000000000000000000000000000000000000300000000000000000000000084e93ec6170ed630f5ebd89a1aae72d4f63f271300000000000000000000000084e93ec6170ed630f5ebd89a1aae72d4f63f271300000000000000000000000024d86da09c4dd64e50db7501b0f695d030f397af00000000000000000000000000000000000000000000000000000000000000030000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000003000000000000000000000000000000000000000000000000000000000000006000000000000000000000000000000000000000000000000000000000000000c00000000000000000000000000000000000000000000000000000000000000120000000000000000000000000000000000000000000000000000000000000002d7570646174654173736574537570706c7943617028616464726573732c616464726573732c75696e743132382900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000002d7570646174654173736574537570706c7943617028616464726573732c616464726573732c75696e74313238290000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000236465706c6f79416e6455706772616465546f28616464726573732c616464726573732900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000003000000000000000000000000000000000000000000000000000000000000006000000000000000000000000000000000000000000000000000000000000000e000000000000000000000000000000000000000000000000000000000000001600000000000000000000000000000000000000000000000000000000000000060000000000000000000000000e36a30d249f7761327fd973001a32010b521b6fd0000000000000000000000005a7facb970d094b6c7ff1df0ea68d99e6e73cbff00000000000000000000000000000000000000000000002b5e3af16b188000000000000000000000000000000000000000000000000000000000000000000060000000000000000000000000e36a30d249f7761327fd973001a32010b521b6fd00000000000000000000000087eee96d50fb761ad85b1c982d28a042169d61b100000000000000000000000000000000000000000000001c30731cec03200000000000000000000000000000000000000000000000000000000000000000004000000000000000000000000084e93ec6170ed630f5ebd89a1aae72d4f63f2713000000000000000000000000e36a30d249f7761327fd973001a32010b521b6fd", 2500000)

[BaseL1CrossDomainMessenger](https://etherscan.io/address/0x866E82a600A1414e583f7F13623F1aC5d58b0Afa).sendMessage("0x18281dfC4d00905DA1aaA6731414EABa843c468A", "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", 3000000)

# Summary

Gauntlet recommends the following risk recommendations to the protocol:

1. Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 440 to 520.
2. Increase Optimism V3 WETH Comet’s weETH Supply Cap from 600 to 800.
3. Increase Mainnet V3 USDC Comet’s cbBTC Supply Cap from 180 to 650.
4. Increase Base V3 WETH Comet’s weETH Supply Cap from 4,200 to 15,000.



Along with the above Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 5 of the overarching recommendations to be implemented. In this proposal we specifically target Mainnet USDS and Base USDC comet's IR curves.


**Stablecoin Comets** 


| Comet             |
| ----------------- |
| Ethereum USDC     |
| Ethereum USDT     |
| Ethereum USDS     |
| Arbitrum USDC Native     |
| Arbitrum USDT     |
| Base USDC Native        |
| Polygon USDC      |
| Polygon USDT      |
| Optimism USDT     |
| Optimism USDC     |
| Scroll USDC       |

----

| Parameter                          | Current Value | Recommended Value |
|------------------------------------|---------------|-------------------|
| Annual Borrow Interest Rate Base   | 0.015         | 0.015             |
| Annual Borrow Interest Rate Slope Low | 0.0333      | 0.05            |
| Borrow Kink                        | 0.9           | 0.9               |
| Annual Borrow Interest Rate Slope High | 4      | 3.4               |
| Annual Supply Interest Rate Base   | 0             | 0                 |
| Annual Supply Interest Rate Slope Low | 0.039      | 0.054             |
| Supply Kink                        | 0.9           | 0.9               |
| Annual Supply Interest Rate Slope High | 3.6       | 3.034               |




# Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. 

Full proposal and forum discussions can be found in the following posts.

* [Dec 11 ](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/14?u=gauntlet)
* [Dec 16 ](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/16?u=gauntlet)
* [Dec 19](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/17?u=gauntlet)
* Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the [full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ir-curve-and-incentive-recommendations-for-stablecoin-and-weth-comets/6038?u=gauntlet) for more details.

# Specification
The proposal updates the parameters by using the respective methods on the Configurator.

***By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos***

[Gauntlet] - IR Curve and Incentive Recommendations for Stablecoin and WETH Comets - Part 5 & Cap recommendations

Set supply cap for 0xA663B02CF0a4b149d2aD41910CB81e23e1c41c32 on [cUSDTv3](https://etherscan.io/address/0x3Afdc9BCA9213A35503b077a6072F3D0d5AB0840) via [Configurator](https://etherscan.io/address/0x316f9708bb98af7da9c68c1c3b5e79039cd336e3) to 24000000.00

0x25ace71c97B33Cc4729CF772ae268934F7ab5fA1.sendMessage("0xC3a73A70d1577CD5B02da0bA91C0Afc8fA434DAF", "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", 2500000)

[BaseL1CrossDomainMessenger](https://etherscan.io/address/0x866E82a600A1414e583f7F13623F1aC5d58b0Afa).sendMessage("0x18281dfC4d00905DA1aaA6731414EABa843c468A", "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", 3000000)

# Summary

Gauntlet recommends the following risk recommendations to the protocol:

1. Increase Optimism V3 WETH Comet’s wrsETH Supply Cap from 440 to 520.
1. Increase Ethereum V3 USDT Comet’s sFRAX Supply Cap from 20,000,000 to 24,000,000.
1. Increase Base V3 WETH Comet’s weETH Supply Cap from 4,200 to 15,000.
1. Increase Base V3 USDC Comet’s wstETH Supply Cap from 700 to 2,100.

Along with the above Gauntlet recommends updating the interest rate curves as well as COMP rewards for WETH and Stablecoin Comets. This proposal is Part 5 of the overarching recommendations to be implemented. In this proposal we specifically target Mainnet USDS and Base USDC comet's IR curves.


**Stablecoin Comets** 


| Comet             |
| ----------------- |
| Ethereum USDC     |
| Ethereum USDT     |
| Ethereum USDS     |
| Arbitrum USDC Native     |
| Arbitrum USDT     |
| Base USDC Native        |
| Polygon USDC      |
| Polygon USDT      |
| Optimism USDT     |
| Optimism USDC     |
| Scroll USDC       |

----

| Parameter                          | Current Value | Recommended Value |
|------------------------------------|---------------|-------------------|
| Annual Borrow Interest Rate Base   | 0.015         | 0.015             |
| Annual Borrow Interest Rate Slope Low | 0.0333      | 0.05            |
| Borrow Kink                        | 0.9           | 0.9               |
| Annual Borrow Interest Rate Slope High | 4      | 3.4               |
| Annual Supply Interest Rate Base   | 0             | 0                 |
| Annual Supply Interest Rate Slope Low | 0.039      | 0.054             |
| Supply Kink                        | 0.9           | 0.9               |
| Annual Supply Interest Rate Slope High | 3.6       | 3.034               |




# Motivation

This recommendation aims to increase supply caps for various assets across multiple Comets. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets. 

Full proposal and forum discussions can be found in the following posts.

* [Dec 11 ](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/14?u=gauntlet)
* [Dec 16 ](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-proposals/5886/16?u=gauntlet)
* Gauntlet recommends updating the interest rate curve parameters across all WETH and Stablecoin comets to align with market demand. See the the [full proposal and forum discussion](https://www.comp.xyz/t/gauntlet-ir-curve-and-incentive-recommendations-for-stablecoin-and-weth-comets/6038?u=gauntlet) for more details.

# Specification
The proposal updates the parameters by using the respective methods on the Configurator.

***By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos***

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