TechFlow reports that on January 12, RWA stablecoin project Usual announced it has set appropriate caps for all Morpho markets and strongly recommends users migrate their positions to new markets as soon as possible. Rewards for the original markets have been disabled, and liquidations and bad debt commitments have been contained within the capped vaults.
Usual stated it has successfully protected lenders in the vaults from bad debt but advises against continuing direct lending into these markets. Additionally, Usual clarified that no custodians, including MEV Capital, were aware of the floor price execution prior to the on-chain update.
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