# \[Aug 2025\] Non-critical Parameter Updates by Risk Stewards **URL:** \ **Category:** Markets\ **Created:** [August 4, 2025, 6:42am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596 "2025-08-04T06:42:48Z")\ **Posts on this page:** 10\ **Page:** 3
**Author:** ![Gauntlet](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/gauntlet/32/611_2.png) [@Gauntlet](https://forum.euler.finance/u/Gauntlet)\ **Post date:** [August 25, 2025, 1:59pm UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/41 "2025-08-25T13:59:15Z")
Gauntlet is aligned with the Objective Labs recommendations for PT-USDe-25SEP2025, PT-pUSDe-16OCT2025, and PT-tUSDe-16OCT2025 on Euler Yield. There has been strong user demand for these Pendle PTs, and the increase in caps align with the risk metrics. ---
**Author:** ![willray](https://avatars.discourse-cdn.com/v4/letter/w/ecae2f/32.png) [@willray](https://forum.euler.finance/u/willray)\ **Post date:** [August 26, 2025, 3:58am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/42 "2025-08-26T03:58:16Z")
You keep increasing the upper limit of PT supply without increasing the slope of USDT USDC. This will make the liquidity of Euler tight, and will not attract more PT owners to loop, nor will it attract more people to lend USDT/USDC. ---
**Author:** ![Objective](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/objective/32/830_2.png) [@Objective](https://forum.euler.finance/u/Objective)\ **Post date:** [August 26, 2025, 5:19am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/43 "2025-08-26T05:19:15Z")
# **Objective Labs: Parameter Updates on Ethereum (2025-08-26)** | **Market** | **Asset** | **Base Rate** | **Kink (%)** | **Rate @ Kink** | **Rate @ 100% (Max)** | | --- | --- | --- | --- | --- | --- | | **Euler Yield** | USDC, USDT, | 5% | 90% | 10% | 15% **→ 20%** | ## **Rationale** Since updating the Max Interest Rate of Euler Yield to 15%, the utilization for both USDC and USDT has hovered above the kink threshold over 84% of the time. Based on this persistent overutilization, Objective Labs recommends increasing the maximum interest rate to 20% to help attract additional supply and restore healthier pool utilization levels. **USDC Kink Utilization** ![image](https://canada1.discourse-cdn.com/flex007/uploads/euler/original/1X/092dc3e18e12eada22ab52af83ccc966c02bd19c.png) **USDT Kink Utilization** ![image](https://canada1.discourse-cdn.com/flex007/uploads/euler/original/1X/67bc8fcfb1283e82aaaa9c3915968612841d0687.jpeg) ![image](https://canada1.discourse-cdn.com/flex007/uploads/euler/original/1X/e29ea24204a84d78f3d430727db7eeb602e3fae1.png) ---
**Author:** ![willray](https://avatars.discourse-cdn.com/v4/letter/w/ecae2f/32.png) [@willray](https://forum.euler.finance/u/willray)\ **Post date:** [August 26, 2025, 5:36am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/44 "2025-08-26T05:36:18Z")
I am glad that you have taken my suggestion seriously. But 20% is not enough, it should be 25%. ---
**Author:** ![Gnome](https://avatars.discourse-cdn.com/v4/letter/g/87869e/32.png) [@Gnome](https://forum.euler.finance/u/Gnome)\ **Post date:** [August 26, 2025, 3:35pm UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/45 "2025-08-26T15:35:45Z")
You’re 100% correct, but it looks like Gauntlet clowns may counter your suggestion ---
**Author:** ![Gauntlet](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/gauntlet/32/611_2.png) [@Gauntlet](https://forum.euler.finance/u/Gauntlet)\ **Post date:** [August 27, 2025, 11:38am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/46 "2025-08-27T11:38:34Z")
Gauntlet is aligned with the Objective Labs recommendations for USDC and USDT IRMs on Euler Yield. Recommend using the same recomendations for frxUSD on Euler Yield as well. ---
**Author:** ![Gauntlet](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/gauntlet/32/611_2.png) [@Gauntlet](https://forum.euler.finance/u/Gauntlet)\ **Post date:** [August 29, 2025, 4:37am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/47 "2025-08-29T04:37:52Z")
### **[Gauntlet] Parameter Updates on Arbitrum (2025-08-28)** | **Market** | **Vault** | **Supply Cap** | Borrow Cap | | --- | --- | --- | --- | | Euler Arbitrum | TETH | 100 → 150 | 50 → 75 | ### Rationale Gauntlet recommends increasing the caps for TETH as caps have reached their limits. There is enough DEX liquidity to support the cap increase. A 150 TETH swap to WETH has an estimated slippage of 0.7%. ### **Next Steps** - We welcome community feedback. ---
**Author:** ![Objective](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/objective/32/830_2.png) [@Objective](https://forum.euler.finance/u/Objective)\ **Post date:** [August 29, 2025, 6:53am UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/48 "2025-08-29T06:53:24Z")
Objective is aligned with Gauntlet’s CRS update recommendations for tETH on Arbitrum. ---
**Author:** ![Gauntlet](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/gauntlet/32/611_2.png) [@Gauntlet](https://forum.euler.finance/u/Gauntlet)\ **Post date:** [August 29, 2025, 5:10pm UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/49 "2025-08-29T17:10:00Z")
# [Gauntlet] Parameter Updates on Ethereum (2025-08-29) | **Market** | **Vault** | **Supply Cap** | | --- | --- | --- | | Euler Yield | PT-pUSDe-16OCT2025 | 50M → **60M** | ### Rationale Gauntlet has applied a VaR (Value at Risk) Framework to evaluate the supply cap for PT-pUSDe. Using the 95th percentile value, which can be swapped at \<5% slippage under stressed scenarios, we recommend increasing pUSDe’s PT supply cap to 60M. ### **Next Steps** - We welcome community feedback. ---
**Author:** ![Objective](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/objective/32/830_2.png) [@Objective](https://forum.euler.finance/u/Objective)\ **Post date:** [August 29, 2025, 5:16pm UTC](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596/50 "2025-08-29T17:16:27Z")
Objective is aligned with Gauntlet’s recommendation for PT-pUSDe. [Previous page](https://forum.euler.finance/t/aug-2025-non-critical-parameter-updates-by-risk-stewards/1596.md?page=2)