Gauntlet has reviewed Objective Labs’ recommendation to increase the proposed LLTVs against stablecoin borrows to 88%. We are amenable to this change, with the additional change of setting all corresponding Borrow LTVs to 84%. These amends will facilitate higher capital efficiency while presenting a minimal increase in insolvency risk due to a tail depeg of USDe, while shielding against liquidations from accruing debt positions combined with observed intraday fluctuations in USDe/USD.