What is exactly the use-case for eMode on stables?
To me it seems like it’s mostly for arbitraging between stables, so there’s not much use when market conditions are stable and might make the situation worse for aave in case one of the assets is depegged(like last week) as liquidators have a very small window of profitable liquidations not hurting the protocol.
Considering that removing assets from an eMode is essentially impossible, would it make sense to gradually derisk the eMode - instead of exploring different assets in stable eMode?
It might make sense to reconsider how reasonable “97.5% LT, 97% LTV, and 1% LB” are as risk parameters for stable eMode are at all?
I would imagine that with e.g. 93% LT, 92% LT and 2%LB(disclaimer: random numbers) the overall situation would have been better/ less bad as liquidations would have happened earlier and been more attractive? Ofc, at 88ct liquidations would still have happened with a loss.