LlamaRisk supports this change.
The market’s exposure to GHO under the proposed change and potential sUSDe supply cap raise remains limited due to GHO’s current borrow cap (2.5M). GHO is not expected to face high secondary market sell pressure when sUSDe->GHO yield leverage positions are created.
We recommend monitoring GHO liquidity changes before executing any GHO borrow cap increases.
Disclaimer
This review was independently prepared by LlamaRisk, a community-led non-profit decentralized organization funded in part by the Aave DAO. LlamaRisk is not directly affiliated with the protocol(s) reviewed in this assessment and did not receive any compensation from the protocol(s) or their affiliated entities for this work.
The information provided should not be construed as legal, financial, tax, or professional advice.