ARFC: Gauntlet Supply Cap Updates for USDT on ETH Aave V3 2023-08-01


Gauntlet recommends supply cap changes for one asset on ETH Aave V3.

Per Gauntlet’s supply and borrow cap methodology, we recommend increasing USDT supply cap to 320,000,000.


USDT supply cap is at (80%) usage on Ethereum Aave V3 .


Ethereum Aave V3

Parameter Current Value Recommended Value
USDT Supply Cap 200,000,000 320,000,000


Next Steps

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

As we’ve already proposed here, we recommend increasing the USDT supply cap on V3 Ethereum to 300M.

We will move forward to increase USDT Supply cap to 300M and will implement Risk Steward actions shortly.

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This has been executed via Risk Steward.