Oracle move liquidates $36M in leveraged PT-reUSD positions on Morpho
A roughly 2.6-3% oracle price move liquidated $36M in leveraged PT-reUSD positions on Morpho. Pendle and Steakhouse stated the system worked as designed with no bad debt, while one researcher suggested possible manipulation with a single party grabbing 96% of the collateral.
Detected & updated continuously · Source: Nebula
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@nulltxnews
A "normal" 2.6–3% oracle move just liquidated $36M in leveraged PT-reUSD positions on #Morpho. Full story: https://t.co/h7uHlgIYNu #Pendle & Steakhouse: system worked as designed, no bad debt. One researcher: possible manipulation, single party grabbed 96% of the collateral https://t.co/bb3F78JYz3
@StaniKulechov
There has been recently discussion around oracle misconfigurations and the right PT token methodology. This is a great piece form talented LlamaRisk team on how to apply credible neutral computation and protocol-owned risk layer infra on complex oracle configurations such as PT