[AAVE] [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.
Off-Chain Vote
YAE
9 HVAXVC69.2%
NAY
3 HVAXVC23.1%
Abstain
1 HVAXVC7.7%
Timeline
Jan 23, 2024Proposal created
Jan 24, 2024Proposal vote started
Jan 26, 2024Proposal vote ended
Apr 08, 2026Proposal updated