After re-analyzing the risks associated with deploying Aave V3 on the BNB chain in context of current market conditions, Gauntlet affirms its original parameter recommendations. Liquidity, market depth and token concentration have not substantially changed for the relevant tokens since the original analysis. We agree that placing CAKE in isolation mode is a good balance between risk management and participating in the BNB ecosystem. As we mentioned in our collateral recommendation, Gauntlet has not quantified the centralization risk associated with USDT so this recommendation abstracts from any risks around a USDT de-peg. Further, given how market conditions have improved around USDC, we recommend increasing USDC LT to 80% in line with our recent proposal. We believe these settings lay a good foundation for Aave to expand onto BNB with the understanding that they are conservative and meant to mitigate risks at inception. Once V3 is live on BNB, we will reevaluate the parameter recommendations in line with our Borrow and Supply Cap methodology to maximize risk-adjusted value accretion to the Aave community.