Supply cap adjustments for USDe on Mainnet USDC and USDT Comets

Simple Summary

Gauntlet recommends the following supply cap adjustments to the protocol:

Supply Caps

Status	Comet	Collateral	Supply Cap
Current	Mainnet USDC	USDe	30,000,000
Proposed	Mainnet USDC	USDe	15,000,000
Current	Mainnet USDT	USDe	30,000,000
Proposed	Mainnet USDT	USDe	15,000,000

Motivation

Since the initial listing parameter recommendations, the liquidity profile of USDe has changed on Mainnet. Onchain liquidity has declined over the last month with the main DEX pool (Fluid USDe/USDT) reducing by ~$30M.

Full details about these changes can be found below

https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-for-usde-on-mainnet-usdc-usdt-comets-2026-02-26/7662

Note:

A deploy and upgrade action related the USDS Comet has been included in this proposal. This action originates from a previously passed proposal that executed the deploy and upgrade required before setting the market parameters for weETH on the USDS Comet.

It is included here solely to ensure the current supply cap recommendation can be properly implemented and does not introduce any new changes beyond what was already approved.

https://tally.xyz/gov/compound/proposal/549