# \[May 2025\] Non-critical Parameter Updates by Risk Stewards

**URL:** <https://forum.euler.finance/t/may-2025-non-critical-parameter-updates-by-risk-stewards/1391>\
**Category:** Markets\
**Created:** [May 2, 2025, 4:59am UTC](https://forum.euler.finance/t/may-2025-non-critical-parameter-updates-by-risk-stewards/1391 "2025-05-02T04:59:39Z")\
**Posts on this page:** 1\
**Showing post:** 12

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**Author:** ![Objective](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/objective/32/830_2.png) [@Objective](https://forum.euler.finance/u/Objective)\
**Post date:** [May 16, 2025, 12:57pm UTC](https://forum.euler.finance/t/may-2025-non-critical-parameter-updates-by-risk-stewards/1391/12 "2025-05-16T12:57:28Z")

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# Objective Labs: Parameter Updates on Ethereum (2025-05-16)

| Market | Vault | Supply Cap | Borrow Cap |
| --- | --- | --- | --- |
| Euler Yield | PT-eUSDE-29MAY2025 | 45M → **60M** | 0 |
| Euler Yield | PT-cUSDO-19JUN2025 | 54M → **70M** | 0 |

| Market | Vault | Base rate | Kink | Rate at kink | Rate at 100% (max) |
| --- | --- | --- | --- | --- | --- |
| Euler Yield | USDC, USDT, PYUSD, RLUSD, wM, USDS, DAI, USD0, USDe, USDtb | 0% | 90% | 7% → **7.5%** | 40% |
| Euler Yield | rUSD | 0% | 90% | 6% → **7%** | 80% → **40%** |

## Rationale

- Euler Yield PT-eUSDE-29MAY2025 has hit 87% supply cap with 13% supply growth in the last 7d.
- Euler Yield PT-cUSDO-19JUN2025 has hit 83% supply cap with 24% supply growth in the last 7d.
- Comparative borrow rates on Morpho have increased to 7-9%, prompting a 50 bps increase for Euler Yield’s borrowable stablecoins to keep competitive. Morpho’s srUSD/rUSD pair has hit 7.5% borrow APY, prompting a proactive 100 bps increase.

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