Per Gauntlet’s supply and borrow cap methodology, we recommend increasing the USDC supply cap on Arbitrum v3 to 64,000,000.
|Market||Asset||Parameter||Current Value||Recommended Value|
|Arbitrum v3||USDC||Supply Cap||41M||64M|
The supply cap for Native USDC surpassed the 75% threshold to 77.8% usage on Arbitrum Aave V3.
USDC on-chain token supply has experienced 90% growth since early October.
Once we receive feedback from @ChaosLabs on the above recommendations, we will move forward with Risk Steward actions.