Chaos Labs - Risk Parameter Updates - 02/03/24

1

Summary

  1. FDUSD (Core Pool) - increase supply to 15,000,000

Analysis

FDUSD

The supply cap for FDUSD on Venus Core Pool is currently at 100% utilization.

Untitled

The recent increase in FDUSD supply is mainly due to 2 users:

  1. 0x989536719a72cfd50348ccd5521256c7eb41a999 - this user is supplying 2.7M FDUSD, in addition to 4.07m in USDT amounting to 27% of the total supply. The user is currently borrowing $4.33M (in BTCB and WETH) against his $6.76M collateral, bringing his health score to 1.22.
  2. 0xa61ca9d2a4486540e00839bd63a99913ddb00a0d - this user is supplying 1.5M FDUSD, amounting to 15% of the total supply. The user is currently borrowing 1.1M in USDT against his collateral.

Utilizing our supply cap methodology we recommend increasing the cap to 15M.

Current Supply Cap Recommended Supply Cap Current Borrow Cap Recommended Borrow Cap
FDUSD 10,000,000 15,000,000 8,000,000 No Change
4 Likes
2

Stablecoins in demand should increase supply and aim to diversify suppliers.

3

it’s acceptable! We need to increase the supply cap of $FDUSD

4

Sounds reasonable, let’s implement the proposal as soon as possible.

5

Seems we got some whales there. Let’s add some FUSD to the colleteral pool then.