Aave V4 Caps for wstETH, weETH and USDC Rise in LlamaRisk Proposal
The November 13 risk note would lift the wstETH add cap from 30,000 to 40,000 and the weETH add cap from 25,000 to 35,000 on Aave V4 Ethereum Core.
Key Takeaways
- LlamaRisk proposed raising Aave V4 caps on November 13, 2026, in a note on Aave's governance forum.
- The wstETH add cap would move from 30,000 to 40,000 and the weETH add cap from 25,000 to 35,000 on Ethereum Core.
- USDC add capacity would rise from 75 million to 85 million, with the draw cap moving from 50 million to 60 million.
- LlamaRisk said it will implement the set through the Risk Steward process, which is not a finished governance vote.
Risk service provider LlamaRisk proposed raising Aave V4 caps on November 13, 2026, in a note for Aave (AAVE) governance, covering wstETH, weETH and USDC on Ethereum Core and USDt, USDe and EURC on Avalanche. LlamaRisk said it will implement the set through the Risk Steward process, which is not a finished governance vote.
Which Aave V4 Caps Would Change
The proposal is laid out in LlamaRisk's risk note on Aave's governance forum. On the Ethereum Core Main Spoke, the wstETH add cap would move from 30,000 to 40,000, with 23,253 in use at 77.5% utilization. The weETH add cap would move from 25,000 to 35,000 at 83.7% utilization. USDC add capacity would rise from 75 million to 85 million and the draw cap from 50 million to 60 million, at 76.1% and 80.6% utilization.
On Avalanche, USDt add would move from 110 million to 150 million, and the USDt draw cap on the Ethena Ecosystem Spoke from 100 million to 140 million. USDe add would rise from 120 million to 150 million. The EURC draw cap on Ethereum Bluechip would move from 300,000 to 600,000. Every figure in the note reflects November 13 utilization, the day LlamaRisk posted it.
How the Cap Increases Would Go Live
The Risk Steward process is the path LlamaRisk named for the changes. The note lists each market's current utilization next to its proposed cap, so the demand behind each raise is visible. Until that path completes, the caps stay at their current levels, and the note says the set is not a finished governance vote.
Earlier Aave Cap Moves
Risk stewards proposed higher USDC and USDe caps on Aave V3 Core on November 10, covered in our earlier report on the V3 caps. The market's last month is visible on the AAVE 30-day chart.
Frequently Asked Questions
What Did LlamaRisk Propose for Aave V4?
On November 13, 2026, LlamaRisk proposed raising Aave V4 caps for wstETH, weETH and USDC on Ethereum Core and for USDt, USDe and EURC on Avalanche.
How High Would the wstETH and weETH Caps Go on Aave V4?
The wstETH add cap would move from 30,000 to 40,000, and the weETH add cap from 25,000 to 35,000.
Is the Aave V4 Cap Increase Approved?
No. LlamaRisk said it will implement the set through the Risk Steward process, which is not a finished governance vote as of November 15, 2026.
What Utilization Did the Proposal Cite?
wstETH stood at 77.5% and weETH at 83.7% utilization on Ethereum Core, with USDC add and draw at 76.1% and 80.6% on November 13.
Did Aave Raise Supply Caps Before?
Yes. Risk stewards proposed higher USDC and USDe caps on Aave V3 Core on November 10, 2026.
Sources
- Risk Stewards: Cap increases on Aave V4 · Aave Governance
- Prices and market data · Coinranking
