# Aave Risk Steward proposes higher USDe base rates and expanded X Layer PT capacity

> The proposal raises USDe base rates by 100 basis points on five deployments, doubles the X Layer PT-USDG supply cap, and lowers X Layer USD₮0 and USDG slope1 by 50 basis points.

- URL: https://riadefi.com/on-chain/2026-09-04-aave-v3-risk-steward-cap-irm/
- Type: Economic change
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-09-04
- 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 a new Risk Steward parameter round.

## What changed

The proposal raises USDe base rates by 100 basis points on five deployments, doubles the X Layer PT-USDG supply cap, and lowers X Layer USD₮0 and USDG slope1 by 50 basis points.

## What did not change

The record does not establish execution. USDe slopes and optimal utilization are unchanged in this proposal.

## Confirmed

- Proposed USDe base rates rise from 3% to 4% on Core, Plasma, Monad, Mantle, and Avalanche.
- The proposed PT-USDG-29OCT2026 supply cap rises from 35 million to 70 million.
- Proposed X Layer USD₮0 and USDG slope1 values fall from 5% to 4.5%.
- Implementation is described as a next step through the Risk Steward process.

## Still open

- Execution transactions and effective reserve configurations.

## What it means for an advisor

- Monitor implementation and refresh affected borrowing-cost and PT exit-liquidity assumptions before relying on the expanded capacity.

## Sources

1. [Risk Stewards: Cap and IRM Changes on Aave V3 / 2026.09.04](https://governance.aave.com/t/risk-stewards-cap-and-irm-changes-on-aave-v3-2026-09-04/25594) · LlamaRisk, Aave Risk Steward governance record · 2026-09-04


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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.