Summary
This proposal seeks to increase the supply cap of the Euler Yield mMEV vault from 3M to 6M. We believe this increase will further stimulate borrows in Euler Yield and widen Euler’s competitive edge over Morpho.
Rationale
Less than 2 weeks after its listing, the mMEV vault has hit its 3M supply cap on Euler. Its TVL on Midas has grown to 10.2M. The trailing 7-day APY as published by Midas and Ankura Trust is 14.19%, which is highly competitive relative to the prevailing yield environment.
mMEV’s risk profile has not changed materially since Gauntlet’s assessment 18 days ago.
Caps
Modified values in bold.
| Vault | Supply Cap | Borrow Cap |
|---|---|---|
| mMEV | 3M → 6M | 0 |
Author
Objective Labs is a service provider for Euler Labs tasked with product development, risk management, and incentive optimization. Objective Labs is Euler-aligned.