Summary
Should the community choose to onboard PT-jrUSDe-02APR2026 and PT-srUSDe-02APR2026 to Euler Yield, Gauntlet recommends the following parameters:
Cap Recommendations
The current maturities support ~8M and ~20M swaps for jrUSDe and srUSDe, respectively. Given ~43.9M of reserves support for jrUSDe and ~183.31M for srUSDe on Strata, the outlined caps retain plenty of buffer on both a Pendle swap and Strata redemption.
| Asset | Supply Cap | Borrow Cap |
|---|---|---|
| PT-jrUSDe-02APR2026 | 8M | - |
| PT-srUSDe-02APR2026 | 20M | - |
jrUSDe
srUSDe
LLTVs
Gauntlet recommends the same LLTVs as the previous maturities.
IRMs
No IRMs are needed as these assets will be non-borrowable.
Oracles
Gauntlet recommends the same oracle strategy as the previous maturities.
Next Steps
- We welcome community feedback