MEV Capital posted an update on the latest progress of the operation of the Morpho USDC vault on the X platform. At present, the Ethereum Morpho USDC vault has removed Elixir's sdeUSD/USDC trading pair, resulting in the vault generating bad debts equivalent to nearly 3.6% of the total locked value (TVL) of the vault at that time. The vault no longer holds any Elixir assets. Other markets and parameters remain unchanged. MEV Capital is still working with relevant parties to address the issues facing Elixir creditors.
Previously, Elixir announced that the stablecoin deUSD has been officially retired and no longer has any value, and will start the USDC compensation process for all holders of deUSD and its derivatives (such as sdeUSD), including lending platform collateral holders, AMM LP, Pendle LP, etc.
MEV Capital: Ethereum Morpho USDC vault no longer holds any Elixir assets
2025-11-13 05:40:06
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