Proposals

Proposals

/

Proposal

Executed

Supply cap adjustments for USDe on Mainnet USDC and USDT Comets

User profile image

by

by

0x7B3c54e17d618CC94daDFe7671c1e2F50...

0x7B3c...cc33

ID 550

ID 550

Compound Governor

Compound Governor

Proposed on: Mar 9th, 2026

Proposed on: Mar 9th, 2026

Votes

Actions

Type

Address

Details

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Proposal

Simple Summary

Gauntlet recommends the following supply cap adjustments to the protocol:

Supply Caps

StatusCometCollateralSupply Cap
CurrentMainnet USDCUSDe30,000,000
ProposedMainnet USDCUSDe15,000,000
CurrentMainnet USDTUSDe30,000,000
ProposedMainnet USDTUSDe15,000,000

Motivation

Since the initial listing parameter recommendations, the liquidity profile of USDe has changed on Mainnet. Onchain liquidity has declined over the last month with the main DEX pool (Fluid USDe/USDT) reducing by ~$30M.

Full details about these changes can be found below

https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-for-usde-on-mainnet-usdc-usdt-comets-2026-02-26/7662

Votes
Status