# Aave Risk Steward authorizes three supply and borrow cap changes

> The delegated steward has specified and authorized implementation of new capacity limits; execution is not established by the cached notice.

- URL: https://riadefi.com/on-chain/2026-09-22-aave-v3-risk-steward-caps/
- Type: Economic change
- Stage: Approved, not executed
- Evidence: confirmed
- Materiality: material
- Event date: 2026-09-22
- Version: 1, published 2026-09-23 (first published 2026-09-23)
- Follow-up: 2026-09-25
- Advisor-relevant: no
- Affects: Aave v3 (protocol)

## What happened

LlamaRisk published three Aave v3 cap changes to be implemented through delegated Risk Steward authority: doubling Core wstETH's borrow cap, sharply reducing Core USDe's borrow cap, and increasing Plasma USDe's supply cap.

## What changed

The delegated steward has specified and authorized implementation of new capacity limits; execution is not established by the cached notice.

## What did not change

No transaction or post-change state observation was supplied. The notice does not change the reviewed memo's narrow Ethereum GHO/sGHO sleeve by itself.

## Confirmed

- Core wstETH's borrow cap is specified to increase from 14,000 to 28,000.
- Core USDe's borrow cap is specified to decrease from 700 million to 100 million.
- Plasma USDe's supply cap is specified to increase from 550 million to 750 million.
- The notice says implementation will proceed through the Risk Steward process.

## Still open

- Execution transactions and effective block numbers.
- Whether market utilization or concentration changed materially after implementation.
- Whether any client or approved position uses the affected reserves.

## What it means for an advisor

- Verify on-chain execution before using the new caps in diligence or position limits.
- Review affected positions for capacity and concentration implications if exposure exists in the named reserves.

## Previous interpretation

The current Aave v3 memo predates these specified reserve-cap changes.

## Sources

1. [Risk Stewards: Supply and Borrow Cap Changes on Aave V3 / 2026.09.22](https://governance.aave.com/t/risk-stewards-supply-and-borrow-cap-changes-on-aave-v3-2026-09-22/25685) · Aave governance / LlamaRisk · 2026-09-22


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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.