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Memo 0x069e5b84…2929f4 on Ethereum

# Supply cap adjustments for USDe on Mainnet USDC and USDT Comets ## Simple Summary Gauntlet recommends the following supply cap adjustments to the protocol: ## Supply Caps | Status | Comet | Collateral | Supply Cap | | ------------ | ---------------- | ---------- | -------------- | | Current | Mainnet USDC | USDe | 30,000,000 | | **Proposed** | **Mainnet USDC** | **USDe** | **15,000,000** | | Current | Mainnet USDT | USDe | 30,000,000 | | **Proposed** | **Mainnet USDT** | **USDe** | **15,000,000** | ## Motivation Since the initial listing parameter recommendations, the liquidity profile of USDe has changed on Mainnet. Onchain liquidity has declined over the last month with the main DEX pool (Fluid USDe/USDT) reducing by ~$30M. Full details about these changes can be found below [https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-for-usde-on-mainnet-usdc-usdt-comets-2026-02-26/7662](https://www.comp.xyz/t/gauntlet-supply-cap-recommendation-for-usde-on-mainnet-usdc-usdt-comets-2026-02-26/7662)