Paypal USD MainEthereum · Morpho

Relative cap on market USDe/PYUSD (LLTV 91.5%) via adapter 0xc2a1…34d4 increases from 0% to 100% of vault assets

CriticalExecutes in 2d 20hIncrease relative cap

Etherscan

Status

Executes in 2d 20h

Queued → executable

Oct 15, 15:39 → Oct 18, 15:39 UTC

Can be vetoed by

2 addresses

At stake

$399M TVL · $399M max allocatable

Curator or 2 sentinels (0x74d1…1618, 0x9e39…aac0) can call revoke(data) before 2026-10-18 15:39 UTC. Up to $399M (at current TVL) could then be allocated there. Depositors can withdraw before it executes (instant liquidity $47M; forceDeallocate allows in-kind exit beyond that, for a penalty).

What changed

VaultBeforeAfterAddress

Paypal USD MainIncrease relative capBefore0%After100%0xb576…9fb2

Paypal USD Main: relative cap on market USDe/PYUSD (LLTV 91.5%) via adapter 0xc2a1…34d4 increases from 0% to 100% of vault assets

Raw transaction

increaseRelativeCap · tx 0x9a83…24c1Show calldata ›

Queue tx: 0x9a83fb1d72a1e741e2e64c462ba995887e7b6b9c1291cfc1b97f3790068424c1
Contract: 0xb576765fb15505433af24fee2c0325895c559fb2

{
  "call": {
    "args": {
      "idData": "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",
      "newRelativeCap": "1000000000000000000"
    },
    "selector": "0x2438525b",
    "signature": "increaseRelativeCap(bytes,uint256)",
    "decodedWith": "abi",
    "functionName": "increaseRelativeCap"
  },
  "data": "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",
  "asset": {
    "symbol": "PYUSD",
    "decimals": 6,
    "priceUsd": 0.9996826649470648
  },
  "capId": "0xa81aec708180973101f7b2211daf8797490a0be29611fca81e8bc7c222cd00c1",
  "idData": {
    "tag": "this/marketParams",
    "kind": "market",
    "adapter": "0xc2a11ba52ad80124ccc60774c881f93738f334d4",
    "marketParams": {
      "irm": "0x870ac11d48b15db9a138cf899d20f13f79ba00bc",
      "lltv": "915000000000000000",
      "oracle": "0x5ac5fe8a8a5e29eb4046d8d7979ee6762beec8d7",
      "loanToken": "0x6c3ea9036406852006290770bedfcaba0e23a0e8",
      "collateralToken": "0x4c9edd5852cd905f086c759e8383e09bff1e68b3"
    }
  },
  "market": {
    "id": "",
    "irm": "0x870ac11d48b15db9a138cf899d20f13f79ba00bc",
    "lltv": "915000000000000000",
    "oracle": "0x5ac5fe8a8a5e29eb4046d8d7979ee6762beec8d7",
    "loanToken": "0x6c3ea9036406852006290770bedfcaba0e23a0e8",
    "loanSymbol": "PYUSD",
    "loanDecimals": 6,
    "collateralToken": "0x4c9edd5852cd905f086c759e8383e09bff1e68b3",
    "collateralSymbol": "USDe",
    "totalBorrowAssets": null,
    "totalSupplyAssets": null,
    "totalSupplyShares": null
  },
  "current": {
    "allocation": "0",
    "absoluteCap": "0",
    "relativeCap": "0"
  },
  "dataHash": "0xbf4c6245d8d6fac463d18bbdb477ff377655bea8477b50336b2597ccd557e056",
  "selector": "0x2438525b",
  "marketExposureUsd": 0
}

All changes on Paypal USD Main ›

Not investment advice. Severity marked AI is model-generated.