Tl;DR

To prevent capital flight, we must respond to changing borrow APRs in the DeFi ecosystem.

We suggest increasing borrow APRs for USDC.e.

We suggest decreasing borrow APRs for WETH.

Some markets deserve higher risk factors (LTV/LT).
Summary of changes by market
bridgeETHv6
Use WETH IR curve in the following markets: wstETH, ARB, wBTC, rETH, GRAIL
stableHighCapV5
Use USDC.e IR curve in the following markets: wstETH, ARB, wBTC, rETH, stEUR, LUSD
stableHighCapV6
Use USDC.e IR curve in the following markets: PENDLE, RDNT, GRAIL, GMX, MAGIC
stableHighCapV7
Use USDC.e IR curve in the following markets: SILO, WOO, GNS, JONES, PREMIA
stableHighCapV8
Use USDC.e IR curve in the following markets: PLS, Y2K, JOE
volatileOpt65Base9p1
Use RDNT IR curve in the following markets: RDNT
Find all IR curves here
Full Changes
wstETHWETHUSDC market
A Increase market efficiency
wstETH
 Increase LT to 90%
 Increase LTV to 80%
WETH
 Increase LT to 90%
 Increase LTV to 85%
B Update IRM params
Use bridgeETHv6 parameters for WETH
 uopt: 80%
 IR at 70%: 3.2%
 Minimal rate at 100% U: 14%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
Use stableHighCapV5 parameters for USDC.e
 Set clin at 14%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
wBTCWETHUSDC market
A Increase market efficiency
wBTC
 Increase LT to 85%
 Increase LTV to 80%
WETH
 Increase LT to 90%
 Increase LTV to 80%
B Update IRM params
Use bridgeETHv6 parameters for WETH
 uopt: 80%
 IR at 70%: 3.2%
 Minimal rate at 100% U: 14%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
Use stableHighCapV5 parameters for USDC.e
 Set clin at 14%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
ARBWETHUSDC market
A Increase market efficiency
ARB
 Increase LT to 80%
 Increase LTV to 70%
B Update IRM params
Use bridgeETHv6 parameters for WETH
 uopt: 80%
 IR at 70%: 3.2%
 Minimal rate at 100% U: 14%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
Use stableHighCapV5 parameters for USDC.e
 Set clin at 14%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
rETHWETHUSDC market
A Update IRM params
Use bridgeETHv6 parameters for WETH
 uopt: 80%
 IR at 70%: 3.2%
 Minimal rate at 100% U: 14%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
Use stableHighCapV5 parameters for USDC.e
 Set clin at 14%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
PENDLEWETHUSDC market
 Update IRM params
Use stableHighCapV6 parameters for USDC.e
 Set clin at 16%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
RDNTWETHUSDC market
USDC.e
Use stableHighCapV6 parameters for USDC.e
 Set clin at 16%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
RDNT
Use volatileOpt65Base9p1 parameters for RDNT
GRAILWETHUSDC market
A Update IRM params
WETH
Use bridgeETHv6 parameters for WETH
 uopt: 80%
 IR at 70%: 3.2%
 Minimal rate at 100% U: 14%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
USDC.e
Use stableHighCapV6 parameters for USDC.e
 Set clin at 16%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
stEURWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV5 parameters for USDC.e
 Set clin at 15%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
GMXWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV6 parameters for USDC.e
 Set clin at 16%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
WOOWETHUSDC market
1 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
SILOWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
GNSWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
MAGICWETHUSDC market
1 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
WINRWETHUSDC market
USDC.e
 Update IRM params
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
JONESWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
LUSDWETHUSDC market
USDC.e
1 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
JOEWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
PREMIAWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV7 parameters for USDC.e
 Set clin at 18%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
Y2KWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV8 parameters for USDC.e
 Set clin at 20%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)
PLSWETHUSDC market
 Update IRM params
USDC.e
Use stableHighCapV8 parameters for USDC.e
 Set clin at 20%
 Use a slow growth rate
 Set the minimal rate at 27% when utilization is 100%
 APR is to drop to the floor rate immediately when utilization drops to below optimal (80%)