# \[ARFC\] Gauntlet PYUSD Supply Cap Recommendation on Ethereum Aave v3 (2024-02-15)

**URL:** <https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639>\
**Category:** Governance\
**Created:** [February 15, 2024, 7:52pm UTC](https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639 "2024-02-15T19:52:39Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Gauntlet](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/gauntlet/32/4064_2.png) [@Gauntlet](https://governance.aave.com/u/Gauntlet)\
**Post date:** [February 15, 2024, 7:52pm UTC](https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639/1 "2024-02-15T19:52:39Z")

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## Simple Summary

Gauntlet recommends to increase PYUSD Supply Cap to 20M

## Specification

### Ethereum Aave V3

| Parameter | Current Value | Recommended Value |
| --- | --- | --- |
| PYUSD Supply Cap | 10,000,000 | 20,000,000 |

## Supporting Data

The supply cap for PYUSD was hit within 2 days of listing on the ETH v3 market. There is substantial liquidity within [Curve](https://curve.fi/#/ethereum/pools?search=pyusd) for this non-collateral enabled stablecoin to have the supply cap increase  
 ![image](https://hackmd.io/_uploads/BJcOvynoa.png)  
[Link](https://risk.gauntlet.xyz/protocols/aave/markets/v3-ethereum/assets/pyusd?fullscreen=asset_timeseries_supply_cap_usage) to chart

## Next Steps

Once we receive feedback from @ChaosLabs on the above recommendations, we will move forward with Risk Steward actions.

## Disclaimer

Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.

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.

## Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

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<div class="post-metadata">

**Author:** ![ChaosLabs](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/chaoslabs/32/6850_2.png) [@ChaosLabs](https://governance.aave.com/u/ChaosLabs)\
**Post date:** [February 15, 2024, 8:07pm UTC](https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639/2 "2024-02-15T20:07:09Z")

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We support the recommendation to double the PYUSD supply cap.

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<div class="post-metadata">

**Author:** ![Gauntlet](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/gauntlet/32/4064_2.png) [@Gauntlet](https://governance.aave.com/u/Gauntlet)\
**Post date:** [February 16, 2024, 10:12pm UTC](https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639/3 "2024-02-16T22:12:57Z")

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Risk steward transaction for the above cap recommendation has been submitted

> **[Safe{Wallet}](https://app.safe.global/transactions/queue?safe=eth%3A0x47c71dFEB55Ebaa431Ae3fbF99Ea50e0D3d30fA8)**
>
> Safe (prev. Gnosis Safe) is the most trusted platform to manage digital assets on Ethereum and multiple EVMs. Over $40B secured.

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<div class="post-metadata">

**Author:** ![ChaosLabs](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/chaoslabs/32/6850_2.png) [@ChaosLabs](https://governance.aave.com/u/ChaosLabs)\
**Post date:** [February 16, 2024, 11:10pm UTC](https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639/4 "2024-02-16T23:10:39Z")

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The transaction above was successfully executed

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<div class="post-metadata">

**Author:** ![system](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/e/e11637c36f45ffa158f2146f5c19438d46e0824d.svg) [@system](https://governance.aave.com/u/system)\
**Post date:** [March 17, 2024, 11:11pm UTC](https://governance.aave.com/t/arfc-gauntlet-pyusd-supply-cap-recommendation-on-ethereum-aave-v3-2024-02-15/16639/5 "2024-03-17T23:11:24Z")

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