LlamaRisk proposes Aave V3 cap changes, one-point USDe rate hike

  • LlamaRisk proposed reserve-cap and rate changes across six Aave V3 deployments.
  • USDC Core caps would rise to 3 billion supply and 2.7 billion borrow.
  • USDe base variable rates would rise from 4% to 5% across five markets.

LlamaRisk proposed reserve-cap and interest-rate changes for Aave V3 on Sept. 7 after reviewing utilization, liquidity and borrower data across six deployments. The plan would raise USDC, GHO, wstETH and USD₮0 limits in markets showing stronger demand, while cutting supply caps for underused syrupUSDC, USDe and syrupUSDT. On Aave V3 Core, the USDC supply cap would rise from 2.5 billion to 3 billion and the borrow cap from 2.25 billion to 2.7 billion, following utilization rates of 92.4% and 95.7%, respectively. The proposal also raises GHO limits on Monad, Prime’s wstETH supply cap and the USD₮0 borrow cap on X Layer. Across five USDe markets, the base variable borrow rate would increase from 4% to 5%, while Slope1 would decline by one percentage point, leaving optimal-utilization settings unchanged. LlamaRisk said it intends to implement the package through the Risk Steward process, so the update describes a dated action plan rather than confirming that every proposed value was already active.

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