Authors

Chaos Labs, desnake

Summary

It's proposed to increase csUSDL limits in USDC and USDT pools and set DVstETH limit to 0 in wstETH pool on Mainnet.

Motivation

csUSDL has demonstrated strong growth across both the USDC and USDT pools, reaching 100% utilization in the USDC pool and 97% utilization in the USDT pool. DVstETH hasn't gained any traction as collateral, so it's proposed to cut its limit to focus on expanding rstETH usage.

Specification

USDC, USDT v3 Pools on Mainnet

Asset	Recommended Quota Limit
csUSDL	2,200,000

wstETH v3 Pool on Mainnet

Asset	Recommended Quota Limit
DVstETH	0

Authors

Chaos Labs, desnake

Summary

It's proposed to increase csUSDL limits in USDC and USDT pools and set DVstETH limit to 0 in wstETH pool on Mainnet.

Motivation

csUSDL has demonstrated strong growth across both the USDC and USDT pools, reaching 100% utilization in the USDC pool and 97% utilization in the USDT pool. DVstETH hasn't gained any traction as collateral, so it's proposed to cut its limit to focus on expanding rstETH usage.

Specification

USDC, USDT v3 Pools on Mainnet

Asset	Recommended Quota Limit
csUSDL	2,200,000

wstETH v3 Pool on Mainnet

Asset	Recommended Quota Limit
DVstETH	0
Note: zeroing the limit doesn't impact existing positions, it only prohibits creating new ones.

Transaction log

Txn log can be found here Md5 checksum is 27eec0845c2c578517e8c06f2ea17d33.

Execution

It's proposed to sign the txn listed above by the Technical Multisig as soon as the quorum is gathered (contingent on winning choice being "For"). Txn will be timelocked for 36 hours to be executed dependent on the actual result of the vote after it ends.

This structure is proposed to be able to execute the increase as early as possible.

Transaction log

Txn log can be found here Md5 checksum is 27eec0845c2c578517e8c06f2ea17d33.

Execution

It's proposed to sign the txn listed above by the Technical Multisig as soon as the quorum is gathered (contingent on winning choice being "For"). Txn will be timelocked for 36 hours to be executed dependent on the actual result of the vote after it ends.

This structure is proposed to be able to execute the increase as early as possible