Morpho USDC Vault Faces Operational Challenges After Elixir Asset Removal

MEV Capital has provided an update on the Morpho USDC vault’s operations, highlighting the removal of the sdeUSD/USDC trading pair associated with Elixir. This removal resulted in a substantial bad debt equivalent to approximately 3.6% of the vault’s total locked value (TVL), as reported by Odaily on X. Notably, the vault no longer possesses any Elixir assets. However, other market parameters and operations remain unchanged. MEV Capital continues to collaborate with relevant parties to facilitate solutions for creditors facing challenges due to Elixir’s recent asset withdrawal.