Simple Summary
Gauntlet has conducted a review of current Loan-to-Value (LTV) parameters across Euler Arbitrum Theo. Based on market comparisons and internal modeling, we recommend modest upward adjustments to maintain competitiveness while ensuring risk controls remain robust.
Recommendations
Note: We increase Max LTV and LLTV by the same amount in all recommendations. Thus, we only show LLTV. Max LTV will simply be 1% less than this value both before and after.
LLTV
| Collateral / Debt | thBILL | USDC | USDT |
|---|---|---|---|
| USDC | 91%->92% | - | - |
| USDT0 | 91%->92% | - | - |
| thBILL | - | 91%->92% | 91%->92% |
| PT-thBILL-19FEB2026 | - | 91%->92% | 91%->92% |
Rationale
- Competitiveness: LTVs closer to market norms will encourage usage of Euler while keeping a conservative risk buffer.
- Parameter Calibration: Increases align with on-chain liquidity and volatility metrics while maintaining effective liquidation support.
Next Steps
- We welcome community feedback