[ARFC] Gauntlet USDC.e Supply and Borrow Cap Recommendation on Optimism Aave v3

Summary

A proposal to make parameter changes on Aave Optimism V3. For more details, see the full forum post here.

Motivation

Gauntlet recommends increasing supply and borrow caps for the following assets that have utilization rate of above 75%. The recommendations are made to improve capital efficiency - Gauntlet has not received any guidance from Circle on OP about removing support to USDC.e. Note that the supply and borrow caps for USDC.e on Optimism were reduced in AIP-409 to onboard native USDC across Aave markets, however, we recommend the following specification from a capital efficiency & risk perspective.

Specification

Asset	Chain	Current Supply Cap	New Supply Cap	Current Borrow Cap	New Borrow Cap
USDC.e	Optimism v3	18,000,000	30,000,000	15,500,000	28,000,000

Disclaimer: Gauntlet reserves the right to not move forward with any parameter changes recommended in Snapshot polls, if market conditions change meaningfully.

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.