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Memo 0xb07a034c…fe9e3c on Ethereum

# Re-allocate the FiRM Market Ceilings for DOLA/sUSDe LP # Proposal to Re-allocate the FiRM Market Ceilings for DOLA/sUSDe LP Forum Post: https://forum.inverse.finance/t/re-allocate-the-firm-market-ceilings-for-dola-susde-lp/612 ## Summary Rebalance the existing $100 million FiRM debt ceiling for the DOLA / sUSDe collateral by shifting capacity from the Yearn vault to the Convex vault: | Variant | Current Ceiling | Proposed Ceiling | Change | | :---- | :---- | :---- | :---- | | Yearn | $50m | $20m | \-$30m | | Convex | $50m | $80m | \+$30m | | Total | $100m | $100m | 0 | The overall risk exposure stays constant; only its distribution changes. ## Background * **Collateral listing**: DOLA/sUSDe LP ([Convex](https://www.inverse.finance/governance/proposals/mills/241) & [Yearn](https://www.inverse.finance/governance/proposals/mills/240)) was enabled in November 2024\. * **Ceiling increase**: In December 2024 the [DAO raised each vault’s ceiling](https://www.inverse.finance/governance/proposals/mills/253) from $10m to $50m (total $100m). * **Performance**: the DOLA/sUSDe market has consistently been the top-performing (or one of the top-performing) markets on FiRM * **Ethena Sats**: on 22nd October 2025, the Ethena points multiplier to LPs on FiRM was doubled from 15x to 30x, making it far more attractive for users ## Motivation * **Ethena Partnership Milestone**: The Ethena points multiplier for DOLA/sUSDe LPs on FiRM has recently doubled from 15× → 30×, making FiRM’s markets one of the highest-yielding Ethena partner opportunities currently available. This upgrade highlights the strength of Inverse’s collaboration with Ethena and cements DOLA/sUSDe LPs as one of the most attractive points-earning venues in the ecosystem, given the ability to lever it. * **Utilization Disparity:** Despite equal 50M ceilings, the Convex LP is near full utilization (\~40M borrowed) while the Yearn LP remains lightly used (\~10M). Without reallocation, new inflows risk being blocked despite strong borrower demand. * **Unchanged risk profile**: Total debt, LTV parameters, and oracle sources remain exactly as already approved. ## On-Chain Actions * Set the market ceiling of Yearn DOLA/sUSDe FiRM Market to 20m DOLA * Set the market ceiling of Convex DOLA/sUSDe FiRM Market to 80m DOLA