Author

Chaos Labs

Summary

Chaos Labs supports the increase of sUSDe quota limit within the Gearbox’s DAI Pool on Ethereum.

sUSDe (DAI Ethereum)

sUSDe has reached 98% quota limit utilization in the DAI Ethereum Pool following the opening of a $1M credit account position by the user tybg.eth on Dec 5th.

Supply Distribution

The supply of sUSDe in the DAI pool is fairly well distributed, with the largest position representing 14% of the borrowed DAI. Given the high correlation between the collateral and borrowed assets, all accounts maintain a safe health score above 1.05, and no position represents a liquidation risk.

Liquidity

sUSDe’s liquidity against DAI has continued to improve over the last 3 months, supporting an increase in its quota limit.

Recommendation

Given user behavior and on-chain liquidity, we recommend increasing the quota limit to 10,000,000 DAI. This increase is backed by Chaos Labs' risk simulations, which consider user behavior, on-chain liquidity, and price impact, ensuring that the higher quota does not introduce additional risk to the platform.

Specification

Chain	Pool	Token	Recommended quota limit, DAI
Ethereum	DAI	sUSDe	10,000,000

Txs log

Txs log can be found here Md5 checksum is 4f1b6661b6de25df289ef63b2e014a96