The Compound community proposed to raise the WETH supply cap of the Comet USDC market to 150,000

ChainCatcher news, Paul J. Lei from the DeFi risk management protocol Gauntlet has submitted a proposal regarding Compound to increase the WETH supply cap in the Comet USDC market. The proposal requests a 100% increase in the WETH supply cap. If approved, the cap for the Comet USDC market will rise to 150,000 WETH (approximately $194 million).

It is reported that Comet (Compound III) is the third version of the DeFi lending protocol, launched in August, and is the first iteration of a multi-chain platform supporting EVM-compatible networks. Currently, the Comet dashboard shows that the WETH supply cap in the Comet market (75,000 WETH) is nearing its limit, with only 14 WETH ($18,000) remaining until the cap is reached. (The Block)