Risk Stewards: Supply Cap Increases on Aave V3 / 2026.07.11

LlamaRisk recommends increasing the supply cap for stcUSD on Aave V3 MegaETH from 40,000,000 to 60,000,000, as the asset has reached 100% supply cap utilization (39,999,614 / 40,000,000). Top suppliers' health factors range from 1.01 to 2.12 with a median of 1.06, and supply is concentrated across 3 addresses, representing moderate concentration risk; positions carry USDm debt against stcUSD in the Stablecoins E-Mode (LT 90%). The increase would bring post-change utilization to approximately 67%, and the updates will be implemented via the Risk Steward process.