Steakhouse High Yield USDC EditionBase · Morpho

Absolute cap on market mGLO/USDC (LLTV 91.5%) via adapter 0x4a70…1165 increases from 0 USDC to 100M USDC (currently allocated 0 USDC)

CriticalExecutes in 2d 19hIncrease absolute cap

Basescan

Status

Executes in 2d 19h

Queued → executable

Oct 23, 16:32 → Oct 26, 16:32 UTC

Can be vetoed by

3 addresses

At stake

$468M TVL · $100M max allocatable

Curator or 2 sentinels (0x639b…c5d6, 0x9e0f…eaf5) can call revoke(data) before 2026-10-26 16:32 UTC. Up to $100M could then be allocated there. Depositors can withdraw before it executes (instant liquidity $36.9M; forceDeallocate allows in-kind exit beyond that, for a penalty).

What changed

VaultBeforeAfterAddress

Steakhouse High Yield USDC EditionIncrease absolute capBefore0 USDC ($0)After100M USDC ($100M)0xbeef…8845

Steakhouse High Yield USDC Edition: absolute cap on market mGLO/USDC (LLTV 91.5%) via adapter 0x4a70…1165 increases from 0 USDC to 100M USDC (currently allocated 0 USDC)

Raw transaction

increaseAbsoluteCap · tx 0xb5c7…c915Show calldata ›

Queue tx: 0xb5c753683631bbb7b011a12d6a93a9ee098f6f3a6325fab1cba846b99fbec915
Contract: 0xbeeff2490feffa212fac2f6553682c219e6a8845

{
  "call": {
    "args": {
      "idData": "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",
      "newAbsoluteCap": "100000000000000"
    },
    "selector": "0xf6f98fd5",
    "signature": "increaseAbsoluteCap(bytes,uint256)",
    "decodedWith": "abi",
    "functionName": "increaseAbsoluteCap"
  },
  "data": "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",
  "asset": {
    "symbol": "USDC",
    "decimals": 6,
    "priceUsd": 0.9995933529048807
  },
  "capId": "0x706a7ee66696eb06683e4fc44f7ceae620be8e81318ab6a9648777116905adce",
  "idData": {
    "tag": "this/marketParams",
    "kind": "market",
    "adapter": "0x4a70dc70cef79f51cc7f79c08f863b2841311165",
    "marketParams": {
      "irm": "0x46415998764c29ab2a25cbea6254146d50d22687",
      "lltv": "915000000000000000",
      "oracle": "0xbfa7db7a65d24ac807de09419a18eca44a56c5be",
      "loanToken": "0x833589fcd6edb6e08f4c7c32d4f71b54bda02913",
      "collateralToken": "0xfcc9cc1209651ed8867332d6f664cf82743a2584"
    }
  },
  "market": {
    "id": "",
    "irm": "0x46415998764c29ab2a25cbea6254146d50d22687",
    "lltv": "915000000000000000",
    "oracle": "0xbfa7db7a65d24ac807de09419a18eca44a56c5be",
    "loanToken": "0x833589fcd6edb6e08f4c7c32d4f71b54bda02913",
    "loanSymbol": "USDC",
    "loanDecimals": 6,
    "collateralToken": "0xfcc9cc1209651ed8867332d6f664cf82743a2584",
    "collateralSymbol": "mGLO",
    "totalBorrowAssets": null,
    "totalSupplyAssets": null,
    "totalSupplyShares": null
  },
  "current": {
    "allocation": "0",
    "absoluteCap": "0",
    "relativeCap": "0"
  },
  "dataHash": "0xe1dd5ef2bef572dcef1707c95ace518b2a7fdd3ef04ad5133e875193d29ca5a7",
  "selector": "0xf6f98fd5",
  "marketExposureUsd": 0
}

All changes on Steakhouse High Yield USDC Edition ›

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