# \[Gauntlet\] LLTV & Max LTV Revisions on Euler Prime

**URL:** <https://forum.euler.finance/t/gauntlet-lltv-max-ltv-revisions-on-euler-prime/1809>\
**Category:** Markets\
**Created:** [February 4, 2026, 4:29pm UTC](https://forum.euler.finance/t/gauntlet-lltv-max-ltv-revisions-on-euler-prime/1809 "2026-02-04T16:29:03Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**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:** [February 4, 2026, 4:29pm UTC](https://forum.euler.finance/t/gauntlet-lltv-max-ltv-revisions-on-euler-prime/1809/1 "2026-02-04T16:29:03Z")

</div>

# Simple Summary

Gauntlet has conducted a review of current Loan-to-Value (LTV) parameters across Euler Prime. 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 2% less than this value both before and after.

### LLTV

| Collateral / Debt | USDC | USDT | USDtb |
| --- | --- | --- | --- |
| XAUt | 75%→77% | 75%→77% | 75%→77% |
| tETH | 77% | 77% | 77% |
| rsETH | 77%→78% | 77%→78% | 77%→78% |
| ezETH | 77%→78% | 77%→78% | 77%→78% |
| weETH | 80%→82% | 80%→82% | 80%→82% |
| wstETH | 83%→84% | 83%→84% | 87%→88% |
| LBTC | 84%→85% | 84%→85% | 84%→85% |
| WETH | 85%→86% | 85%→86% | 85%→86% |
| cbBTC | 86% | 86% | 86% |
| WBTC | 86% | 86% | 86% |
| TBILL | 93%→94% | 93%→94% | 93%→94% |
| sBUIDL | 93%→94% | 93%→94% | 93%→94% |
| USDtb | 95%→96% | 95%→96% | - |
| USDT | 95%→96% | - | 95%→96% |
| USDC | - | 95%→96% | 95%→96% |

- USDC, USDT, and USDtb receive 1-2% increases per collateral as they are already fairly close to market rates across the board.

| **Collateral / Debt** | LBTC | cbBTC |
| --- | --- | --- |
| **tETH** | 72%→74% | 72%→74% |
| **rsETH** | 72%→74% | 72%→74% |
| **ezETH** | 72%→74% | 72%→74% |
| **weETH** | 75%→77% | 75%→77% |
| **wstETH** | 77%→79% | 77%→79% |
| **WETH** | 78%→80% | 78%→80% |
| **USDtb** | 80%→82% | 80%→82% |
| **USDT** | 80%→82% | 80%→82% |
| **USDC** | 80%→82% | 80%→82% |
| **LBTC** | - | 90%→92% |
| **cbBTC** | 90%→92% | - |
| **WBTC** | 90%→92% | 90%→92% |

- LBTC and cbBTC see 2% increases across the board to maintain consistency and align with high market LTVs for the LBTC/cbBTC pair.

| **Collateral / Debt** | weETH | wstETH |
| --- | --- | --- |
| **LBTC** | 75%→77% | 78%→80% |
| **cbBTC** | 77%→79% | 80%→82% |
| **WBTC** | 77%→79% | 80%→82% |
| **USDtb** | 80%→82% | 83% |
| **USDT** | 80%→82% | 83% |
| **USDC** | 80%→82% | 83% |
| **rsETH** | 90%→92% | 90%→92% |
| **ezETH** | 90%→92% | 90%-92% |
| **tETH** | 90%→92% | 93%→94% |
| **weETH** | - | 93%→94% |
| **wstETH** | 93%→94% | - |
| **WETH** | 93%→94% | 93%→94% |

- weTH and wstETH see 2% LTV increases for collaterals less than 92% LLTV and 1% increases for those equal to or above this threshold. wstETH/stable pairs already has competitive LLTVs with industry rates; however, weETH/stables are increased 2% to bring these more inline.

| **Collateral / Debt** | WBTC |
| --- | --- |
| **tETH** | 67%→69% |
| **rsETH** | 67%→69% |
| **ezETH** | 67%→69% |
| **weETH** | 70%→72% |
| **wstETH** | 72%→74% |
| **WETH** | 73%→75% |
| **USDtb** | 82%→84% |
| **USDT** | 82%→84% |
| **USDC** | 82%→84% |
| **LBTC** | 90%→92% |
| **cbBTC** | 90%→92% |

- WBTC sees 2% LTV increases across the board to maintain consistency and align with high market LTVs for the WBTC/LBTC and WBTC/cbBTC pairs.

| **Collateral / Debt** | WETH |
| --- | --- |
| **LBTC** | 80%→82% |
| **cbBTC** | 82%→84% |
| **WBTC** | 82%→84% |
| **USDtb** | 87% |
| **USDT** | 87% |
| **USDC** | 87% |
| **tETH** | 93%→94% |
| **rsETH** | 93%→94% |
| **ezETH** | 93%→94% |
| **weETH** | 93%→94% |
| **wstETH** | 95%→96% |

- WETH sees stable LTVs already at market rate thus leaving those unchanged. For remaining collateral under 90% Max LTV, a 2% increase is applied and 1% for collaterals over this threshold.

### **Rationale**

- **Competitiveness** : LTVs closer to market norms will encourage usage of Euler while keeping a conservative risk buffer.
- **Parameter Calibration** : Increases are modest (1-2%) and align with on-chain liquidity and volatility metrics while maintaining effective liquidation support.

### **Next Steps**

- We welcome community feedback