# Aave proposes broader stablecoin borrowing-rate increases

> 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%.

- URL: https://riadefi.com/on-chain/2026-09-02-aave-v3-risk-steward-stablecoin-irm/
- Type: Economic change
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-09-02
- Version: 1, published 2026-09-15 (first published 2026-09-15)
- Follow-up: 2026-09-07
- Advisor-relevant: no
- 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

1. [Risk Stewards: Stablecoin IRM Changes on Aave V3 / 2026.09.02](https://governance.aave.com/t/risk-stewards-stablecoin-irm-changes-on-aave-v3-2026-09-02/25586) · LlamaRisk, Aave Risk Steward governance record · 2026-09-02


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.