Aave risk steward proposal changes stablecoin rates and X Layer collateral capacity

What happened

LlamaRisk proposed interest-rate and supply-cap changes through the Risk Steward process.

What changed

The proposal would raise selected stablecoin Slope1 rates, rebalance USDe rates, and expand X Layer PT collateral capacity.

What did not change

The record does not establish execution or any change to Ketju approval.

Confirmed

• Sixteen stablecoin reserves would receive a 10-basis-point Slope1 increase.
• Five USDe deployments would move the base rate to 6% and reduce Slope1 by one percentage point.
• X Layer PT-USDG-29OCT2026 supply cap would increase from 70 million to 140 million; USD₮0 Slope2 would fall from 40% to 20%.

Still open

• Execution transactions and effective parameters remain unverified.

What it means for an advisor

• Add implementation monitoring to the September 15 Aave memo review and reassess borrowing-cost and stressed-liquidity assumptions before extending market coverage.