Summary
A proposal to:
- Increase caps for USDC.e, ZK, and WETH on the zkSync deployment.
Motivation
USDC.e
USDC.e is approaching its supply cap on zkSync.
Recommendation
Given the stable on-chain liquidity, we recommend an increase to both the supply and borrow caps.
ZK
ZK is rapidly approaching its supply cap following deposits in the market, the borrow cap is not close to full utilization.
Recommendation
Given the improving on-chain liquidity and relatively conservative collateral parameters, we recommend increasing the supply cap.
WETH
WETH is also approaching full supply utilization while its borrow cap is underutilized.
Recommendation
Based upon on-chain liquidity, we recommend an increase in WETH’s supply cap.
Specification
| Chain | Asset | Current Supply Cap | Recommended Supply Cap | Current Borrow Cap | Recommended Borrow Cap |
|---|---|---|---|---|---|
| zkSync | USDC.e | 5,000,000 | 6,000,000 | 4,200,000 | 5,400,000 |
| zkSync | ZK | 25,000,000 | 35,000,000 | 12,500,000 | - |
| zkSync | WETH | 2,000 | 3,000 | 1,700 | - |
