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

**URL:** <https://forum.euler.finance/t/gauntlet-lltv-max-ltv-revisions-on-euler-yield/1810>\
**Category:** Markets\
**Created:** [February 5, 2026, 3:22pm UTC](https://forum.euler.finance/t/gauntlet-lltv-max-ltv-revisions-on-euler-yield/1810 "2026-02-05T15:22:32Z")\
**Posts on this page:** 1\
**Page:** 1

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**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 5, 2026, 3:22pm UTC](https://forum.euler.finance/t/gauntlet-lltv-max-ltv-revisions-on-euler-yield/1810/1 "2026-02-05T15:22:32Z")

</div>

# Simple Summary

Gauntlet has conducted a review of current Loan-to-Value (LTV) parameters across Euler Yield. 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 | eUSDe | USDe | RLUSD | frxUSD |
| --- | --- | --- | --- | --- | --- | --- |
| **PT-jrUSDe-2APR2026** | 65%→70% | 65%→70% | 65%→70% | 65%→70% | 65%→70% | 65%→70% |
| **PT-stcUSD-23JUL2026** | 85%→87% | 85%→87% | 85%→87% | 85%→87% | 85%→87% | 82%→84% |
| **PT-cUSD-23JUL2026** | 85%→87% | 85%→87% | 85%→87% | 85%→87% | 85%→87% | 82%→84% |
| **PT-srUSDe-2APR2026** | 87%-89% | 87%-89% | - | 92.5%→93.5% | 87%→89% | 82%→84% |
| **eUSDe** | 88%→90% | 88%→90% | - | - | 88%→90% | 87%→89% |
| **USDe** | 90%→92% | 90%→92% | - | - | 90%→92% | 87%→89% |
| **frxUSD** | 92%→93% | 92%→93% | - | 92%→93% | 92%→93% | - |
| **TBILL** | 95%→96% | 95%→96% | - | 95%→96% | 95%→96% | - |
| **sBUIDL** | 95%→96% | 95%→96% | - | 95%→96% | 95%→96% | 94%→95% |
| **RLUSD** | 95%→96% | 95%→96% | - | 95%→96% | - | 92%→93% |
| **USDT** | 95%→96% | - | - | 95%→96% | 95%→96% | 92%→93% |
| **USDC** | - | 95%→96% | - | 95%→96% | 95%→96% | 92%→93% |

### **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