Aave proposes broader stablecoin borrowing-rate increases
The Ledger · · Ketju Research
Affects: Aave v3 (protocol)
What happened
LlamaRisk proposed USDe repricing and higher slope1 values for fifteen other stablecoin reserves.
What changed
USDe base rates would rise from 2% to 3%; Core and Avalanche USDe slope1 would fall from 4% to 3%. Fifteen other stablecoin reserves would move slope1 from 4.1% to 4.3%.
What did not change
The proposed optimal utilization points remain unchanged. The record does not prove execution.
Confirmed
- The USDe base-rate proposal covers five deployments.
- The other stablecoin slope1 increases cover fifteen reserves across eleven deployments.
- Implementation is stated as a next step.
Still open
- Execution timing and the current values after subsequent proposal rounds.
What it means for an advisor
- Track reserve-specific execution and update borrowing-cost assumptions; do not apply proposal APR estimates as current realized rates.
Sources
- Risk Stewards: Stablecoin IRM Changes on Aave V3 / 2026.09.02 · LlamaRisk, Aave Risk Steward governance record ·
Version 1, published . We check this event again on . Educational research, not investment advice.