This is the monthly continuation of CapRiskSteward updates.
Previous update threads:
Summary
Euler Labs and Objective Labs recently developed the CapRiskSteward smart contract as a fast lane for non-critical parameter updates. Following its implementation for the Euler DAO markets, we propose that service providers follow a notification process for in-scope changes. By establishing this process we seek to give the Euler community full transparency into the work done by service providers to optimize and grow Euler DAO markets.
[Gauntlet] Supply Cap Update for XAut on Euler Prime
| Market |
Vault |
Supply Cap |
Borrow Cap |
| Euler Prime |
XAUt |
200→300 |
- |
Rationale
XAUt has demonstrated strong user demand on Euler Prime, consistently exceeding 90% utilization over the past 30 days. To accommodate this ongoing demand and support market growth, we recommend increasing the Supply Cap to 300. There is adequate liquidity to support a swap to USDC of this full cap with minimal slippage.
Next Steps
- We welcome community feedback.
[Gauntlet] Parameter Updates for Euler Base (2026-1-20)
| Vault |
Kink Rate |
| USDC |
6.5%→6.0% |
USDC
Utilization has been consistently under ~80% for the last 30 days. Reduced kink rate should encourage this market to move towards optimal utilization.
Next Steps
- We welcome community feedback.
[Gauntlet] Parameter Updates for Euler Unichain (2026-1-20)
| Vault |
Kink Rate |
| WETH |
2.7%→2.4% |
WETH
Utilization has been consistently under 70% for the last 30 days. Reduced kink rate should encourage this market to move towards optimal utilization.
Next Steps
- We welcome community feedback.
[Gauntlet] Parameter Updates for Euler Prime (2026-1-20)
| Vault |
Kink Rate |
| WETH |
2.8%→2.3% |
WETH
Utilization has been consistently under ~85% for the last 30 days and has been declining. Reduced kink rate should encourage this market to move towards optimal utilization.
Next Steps
- We welcome community feedback.
[Gauntlet] Parameter Updates for Euler Yield (2026-1-20)
| Vault |
Kink Rate |
| RLUSD/USDT/USDC/USDe/frxUSD/eUSDe |
6.5%→6.0% |
RLUSD
Utilization has been consistently under ~50% for the last 30 days (aside from a temporary spike in early January). Reduced kink rate should encourage this market to move towards optimal utilization.
USDT
Utilization has been consistently under 70% for the last 30 days. Reduced kink rate should encourage this market to move towards optimal utilization.
USDC
Utilization has been consistently under 70% for the last 30 days. Reduced kink rate should encourage this market to move towards optimal utilization.
USDe
Utilization has been consistently under 50% for the last 30 days. Reduced kink rate should encourage this market to move towards optimal utilization.
frxUSD
Utilization has been consistently under 50% for the last 30 days. Reduced kink rate should encourage this market to move towards optimal utilization.
eUSDe
Utilization has been consistently under 85% for the last 30 days and has declined substantially. Reduced kink rate should encourage this market to move towards optimal utilization.
Next Steps
- We welcome community feedback.
