Summary
A proposal to:
- Increase xSolvBTC’s supply cap on Venus’s BNB Core deployment.
xSolvBTC (BNB Core Pool)
xSolvBTC’s supply cap utilization has reached 100%.
Supply Distribution
xSolvBTC’s supply shows moderate concentration, with the top supplier accounting for 34% of the total. Since this position is borrowing BTCB, an asset closely linked to xSolvBTC, we do not consider it to present substantial risk at this stage.
The other major suppliers either have no active borrow positions or sustain strong health scores, both of which lower the likelihood of liquidations.
The largest borrowed asset against xSolvBTC is BTCB, accounting for 81% of the total borrowed distribution.
Liquidity
Currently, a 50 xSolvBTC sell incurring less than 4% price slippage, supporting a supply cap increase.
Recommendation
Given the safe user behavior and on-chain liquidity, we recommend increasing xSolvBTC’s supply cap by 100 xSolvBTC.
Specification
| Market | Asset | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|
| BNB Core | xSolvBTC | 150 | 250 | - | - |
Disclaimer
Chaos Labs has not been compensated by any third party for publishing this recommendation.