Aave risk stewards propose Gnosis cap reductions and a flatter X Layer USDC curve

What happened

LlamaRisk recommended reducing Gnosis reserve caps and lowering X Layer USDC's high-utilization interest-rate slope through the Risk Steward process.

What changed

Proposed Gnosis sDAI supply cap falls from 20M to 5M; WXDAI supply cap from 4M to 1M and borrow cap from 3.7M to 500K. Proposed X Layer USDC Slope 2 falls from 40% to 20%.

What did not change

The cached record does not prove implementation. X Layer USDC's 90% optimal utilization, zero base rate, and 4.50% Slope 1 remain unchanged in the recommendation.

Confirmed

• The official recommendation provides the specified cap and rate changes.
• LlamaRisk cites low Gnosis secondary-market liquidity for the cap reductions.
• The notice states X Layer USDC utilization at 89.4%, below the unchanged optimal point.
• Implementation is described as a next step.

Still open

• Whether stewardship transactions executed and the current parameter values.
• Subsequent X Layer utilization and withdrawal liquidity.
• Remaining Gnosis cap headroom after implementation.

What it means for an advisor

• Monitor transaction execution and update capacity assumptions during the Aave V3 memo review.
• Review how the lower high-utilization slope affects incentives to replenish withdrawal liquidity.