Overview
Following growing demand for Ethena-related assets in the Aave v3 Mantle deployment, we recommend increasing the initial Supply and Borrow Caps for sUSDe and USDe. This adjustment aligns with the previously discussed liquidity and execution profile on Mantle and reflects the observed demand.
Onchain liquidity conditions for both assets remain robust, with sUSDe maintaining over $5M of buy-side depth within a 5% slippage band and USDe supporting similar execution parameters. These profiles, along with the demand communicated, support an increase in the caps to accommodate initial growth.
Specifications
| Asset | Old Supply Cap | New Supply Cap | Old Borrow Cap | New Borrow Cap |
|---|---|---|---|---|
| sUSDe | 20,000,000 | 80,000,000 | - | - |
| USDe | 20,000,000 | 40,000,000 | 17,500,000 | 36,000,000 |
Disclaimer
Chaos Labs has not been compensated by any third party for publishing this update.
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