---
# System prepended metadata

title: '[Gauntlet] Weekly Market Update - (2024-02-02 through 2024-02-08)'

---

# [Gauntlet] Weekly Market Update - (2024-02-02 through 2024-02-08)

Gauntlet would like to provide the community with an update on this market over the previous week. Gauntlet is continuing to monitor this market. At this time, we do not recommend any parameter updates, but will keep the community informed.

## Summary

This table gives high-level statistics over the time frame in question. Bold lines correspond to weekly average supply cap usage over 75%.
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | Current DEX 25% Slippage (USD) |
|-------|------------|------------|------------------|------------------|---------------------------|------------------------|
| USDC | 10.00M | 15.00M | 64.94% | 54.61% | 79.28% | $6.02M |
| USDbC | 4.00M | 5.00M | 15.08% | 18.58% | 64.94% | $6.94M |
| **DAI** | **3.90M** | **4.50M** | **73.23%** | **79.80%** | **79.54%** | **$491.17K** |
| WETH | 8.00K | 10.50K | 73.38% | 71.18% | 78.54% | $4.65M |
| cbETH | 1.00K | 6.00K | 56.39% | 60.45% | 15.55% | $2.23M |
| wstETH | 500.00 | 1.30K | 65.99% | 67.81% | 37.43% | $1.82M |
| **rETH** | **200.00** | **600.00** | **42.65%** | **78.74%** | **18.06%** | **$961.81K** |

## Top Movers
- rETH's borrow balance increased WoW by 61% from $160K to $259K.
- USDbC's borrow balance decreased WoW by -4% from $629K to $607K.
- rETH's supply balance increased WoW by 34% from $1M to $1M.
- USDbC's supply balance decreased WoW by -9% from $948K to $862K.
- rETH's utilization increased WoW by 20% from 16% to 19%.
- DAI's utilization decreased WoW by -6% from 85% to 80%.

## Liquidations

| Liquidated Asset | Liquidated Amount (Tokens) | Liquidated Amount (USD) |
|-------|----------|----------|
| mWETH | 0.29 | $676.56 |
| mUSDC | 213.71 | $213.74 |

## Weekly Annualized Reserve and Interest Projections
![Interest and Reserves Projections](https://storage.googleapis.com/gauntlet-forum-post-assets/root/weekly-update-forum-posts/moonwell_base/2024-02-08/reserves_and_interest.png)


## Protocol Growth

![image](https://hackmd.io/_uploads/HkVW574s6.png)


To see updated statistics, please see the live version of this graph [here](https://risk.gauntlet.network/protocols/moonwell/markets/base?fullscreen=market_health_timeseries_accounts).

## Supply Trend

This graph shows the total supply of all assets over the time frame in question. To see updated statistics, please see the live version of this graph [here](https://risk.gauntlet.network/protocols/moonwell/markets/base?fullscreen=market_health_timeseries_asset_supply).

![image](https://hackmd.io/_uploads/HyOfcQVoa.png)


## Borrows Trend

This graph shows the total borrows of all assets over the time frame in question. To see updated statistics, please see the live version of this graph [here](https://risk.gauntlet.network/protocols/moonwell/markets/base?fullscreen=market_health_timeseries_asset_borrows).

![image](https://hackmd.io/_uploads/HJG49Q4j6.png)


## Utilization Trend

This graph shows the utilization (borrow / supply) of all assets over the time frame in question.

![image](https://hackmd.io/_uploads/HynBqmVjT.png)


## Supply Cap Usage Trend

This graph shows the supply cap usage (supply / supply cap) of all assets over the time frame in question.

![Supply Cap Usage](https://storage.googleapis.com/gauntlet-forum-post-assets/root/weekly-update-forum-posts/moonwell_base/2024-02-08/supply_cap_usage.png)

## Borrow Cap Usage Trend

This graph shows the borrow cap usage (borrow / borrow cap) of all assets over the time frame in question.

![Borrow Cap Usage](https://storage.googleapis.com/gauntlet-forum-post-assets/root/weekly-update-forum-posts/moonwell_base/2024-02-08/borrow_cap_usage.png)