Citing TechFlow, on November 13, MEV Capital announced on X that the Ethereum Morpho USDC vault has removed the Elixir sdeUSD/USDC trading pair, resulting in bad debt equivalent to approximately 3.6% of the vault's total value locked (TVL) at the time. The vault no longer holds any Elixir assets, with other markets and parameters remaining unchanged. MEV Capital is continuing to collaborate with relevant parties to address issues faced by Elixir creditors. Previously, Elixir announced that its stablecoin deUSD has been officially retired and no longer holds any value, initiating a USDC compensation process for all deUSD and derivative (e.g., sdeUSD) holders, including borrowers, AMM liquidity providers, and Pendle liquidity providers.
MEV Capital: Ethereum Morpho USDC Vault No Longer Holds Elixir Assets
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