The MSUSD sell-off has pushed the Morpho USDC market to a 100% utilization rate, and the interruption in the proof of reserves has led to a repricing of the lending pool risks.
Protocols like MORPHO are particularly sensitive to trust breakdowns in collateral assets; a sharp drop in MSUSD will force the market to reevaluate liquidation, redemption, and liquidity risks.
$MORPHO #MORPHO
Protocols like MORPHO are particularly sensitive to trust breakdowns in collateral assets; a sharp drop in MSUSD will force the market to reevaluate liquidation, redemption, and liquidity risks.
$MORPHO #MORPHO