Usual: Appropriate caps set for all Morpho markets
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2025-01-12 11:01 8,412
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According to news on January 12, RWA stablecoin project Usual announced that it has set appropriate caps for all Morpho markets and strongly recommends users to migrate their positions to new markets as soon as possible. Rewards from the original market have been abolished, and liquidation and bad debt commitments have been restricted to capped vaults.
Usual said it has successfully protected lenders in its vaults from bad debts but does not recommend continuing to lend directly to the market. Additionally, Usual clarified that no custodian, including MEV Capital, was informed of the floor execution until the on-chain update.
According to previous news, yesterday Usual issued an article regarding the unanchoring of USD0++, saying that it is actively ensuring that there are no bad debt problems in the current lending market. All liquidation proceeds will flow directly into the DAO treasury, ultimately benefiting USUAL holders.