MEV Capital: The Ethereum Morpho USDC vault no longer holds any Elixir assets
Jinse Finance reported that MEV Capital posted an update on the X platform regarding the latest developments in the operation of the Morpho USDC vault. Currently, the Ethereum Morpho USDC vault has removed the sdeUSD/USDC trading pair from Elixir, resulting in bad debt equivalent to nearly 3.6% of the vault's total value locked (TVL) at that time. The vault no longer holds any Elixir assets, while other markets and parameters remain unchanged. MEV Capital is still cooperating with relevant parties to address the issues faced by Elixir creditors. Previously, Elixir announced that the stablecoin deUSD has been officially retired and no longer holds any value, and will initiate a USDC compensation process for all holders of deUSD and its derivatives (such as sdeUSD). The affected parties include lending platform collateral providers, AMM LPs, Pendle LPs, and others.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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