🛟 Circle's Chief Economist Gordon Liao proposed raising the maximum borrowing rate for USDC on Aave from 14% to 50% to resolve the liquidity crisis in the protocol.



In addition, he suggests lowering the "optimal" USDC utilization ratio from 92% to 85% — to create a liquidity buffer during withdrawals. The current level, which has been around five days, remains close to 100%.
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