LlamaRisk recommends a 55% collateral factor and a 37,000-token cap, with larger liquidations dependent on redemptions or derivatives hedges.

The deployment launched Sept. 16 with four reserve assets. Its Forex market lets borrowers pledge EURC, which is not eligible collateral in Arc’s Main market.

The proposal would keep collateral on Bitcoin but use WBTC to settle permissionless liquidations. Risk settings and further governance votes are still pending.

The new reserve has filled its 30 million-token supply cap, with Aave displaying $29.67 million supplied.

Aave’s Ethereum USDT reserve showed $169.54 million in available liquidity on Oct. 8, after withdrawals coincided with double-digit borrowing rates.

The first Aave-powered products will target stablecoins and tokenized gold, with outside investors expected to join GSR in the vaults. Opening dates are still to come.

The GHO Risk Council also lifted Prime’s base rate, while Ethereum’s USDC conversion module remained nearly empty.

The agents can adjust pricing and borrowing parameters for a principal token with $36.72 million supplied, subject to fixed step limits and cooldowns.

Six outflows followed a borrower-whitelist change. The proceeds were redeemed for wstETH, with some later entering bridge withdrawals toward Ethereum.

Phase 1 would create a Cayman Islands entity and appoint independent officers; trademark, domain and codebase transfers would require later governance votes.