Objective Labs: Parameter Updates on Unichain (2025-06-03)
| Market | Vault | Supply Cap | Borrow Cap |
|---|---|---|---|
| Euler Unichain | weETH | 6.75k → 10k | 1.68k → 2.5k |
| Euler Unichain | USDC | 45M → 67.5M | 40.5M → 60.7M |
| Euler Unichain | USD₮0 | 45M → 67.5M | 40.5M → 60.7M |
Rationale
- Euler Unichain weETH has hit 100% supply cap within hours of the last cap raise. Demand has increased after Optimism’s SuperStacks XP campaign that incentivizes this vault.
- Euler Unichain USD₮0 has hit 100% supply cap within hours of the last cap raise. Demand has increased after Optimism’s campaign.
- Euler Unichain USDC is expected to grow in tandem with USD₮0 as leverage traders borrow USDC.
Note: we have posted an out-of-CRS proposal to increase caps on the same Unichain vaults: Increase caps on Euler Unichain vaults. If the timelocked proposal passes before, then this CRS item will be moot. If not, we intend to execute this CRS as soon as possible to satisfy supply demand.