Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Compound Proposal 197 passed: cUSDCv3’s ARB and WBTC supply caps will be increased

Compound Proposal 197 passed: cUSDCv3’s ARB and WBTC supply caps will be increased

CointimeCointime2023/12/03 02:36
By:Cointime

Compound has announced that Proposal 197, initiated by DeFi risk manager Gauntlet, has reached the quorum threshold and been passed. Certain Compound III parameters for cUSDCv3 on the Arbitrum chain will be adjusted, including:

1. Increasing the ARB supply limit for cUSDCv2 from 4 million to 8 million.

2. Increasing the supply limit for WBTC from 6 million to 12 million.

It is reported that the proposal will be executed within three days after it is passed. At that time, the supply utilization rate of WBTC can be reduced from 92% to 46%, and the supply utilization rate of ARB can be reduced from 100% to 50%, which will further promote the usage and growth of the Compound protocol.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Best 100x Crypto Opportunities Right Now – Nexchain Leads, Unstaked & BTC BULL Follow

Discover top crypto presales in 2025: Nexchain, Unstaked & BTC BULL offer AI, utility, and big ROI potential—get in early today!Nexchain: AI Layer 1 Blockchain Presale Gains SpeedUnstaked: No-Code AI Tools Draw Big CapitalBTC BULL: Bitcoin-Powered Presale with Big FeaturesFinal Thoughts: Nexchain Tops Crypto Presale List

Coinomedia2025/06/09 19:40
Best 100x Crypto Opportunities Right Now – Nexchain Leads, Unstaked & BTC BULL Follow

Avalon Labs Burns 80M Tokens in Major Supply Cut

Avalon Labs burns 80M AVL tokens, slashing its supply by 44% after unclaimed airdrop allocations.Background on the Airdrop and Burn DecisionAvalon’s Roadmap and Strategic Backing

Coinomedia2025/06/09 19:40
Avalon Labs Burns 80M Tokens in Major Supply Cut

Trader Turns $171K Into $9.3M with $KTA in 3 Months

A savvy trader makes a 54x return on $KTA, turning $171K into $9.3M in just three months.Inside the Trade: How It HappenedWhat This Means for Other Investors

Coinomedia2025/06/09 19:40
Trader Turns $171K Into $9.3M with $KTA in 3 Months

Altcoins & ETH Set to Outperform as Market Follows 2020 Roadmap

Crypto market mirrors the 2020/2021 trend. Altcoins and ETH could outpace Bitcoin in the coming months.Crypto Market Sticking to a Familiar PathAltcoins and ETH Ready to OutperformWhat to Expect in the Coming Weeks

Coinomedia2025/06/09 19:40
Altcoins & ETH Set to Outperform as Market Follows 2020 Roadmap