Paypal USD MainEthereum · Morpho

Relative cap on all markets with USDe collateral increases from 0% to 100% of vault assets

CriticalExecutes in 2d 20hIncrease relative cap

Etherscan

Status

Executes in 2d 20h

Queued → executable

Oct 15, 15:25 → Oct 18, 15:25 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 15:25 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 all markets with USDe collateral increases from 0% to 100% of vault assets

Raw transaction

increaseRelativeCap · tx 0xb126…0c04Show calldata ›

Queue tx: 0xb12675f6696bf1ee106dc306e6687d96683c4bb96b4313ce1021645a723a0c04
Contract: 0xb576765fb15505433af24fee2c0325895c559fb2

{
  "call": {
    "args": {
      "idData": "0x00000000000000000000000000000000000000000000000000000000000000400000000000000000000000004c9edd5852cd905f086c759e8383e09bff1e68b3000000000000000000000000000000000000000000000000000000000000000f636f6c6c61746572616c546f6b656e0000000000000000000000000000000000",
      "newRelativeCap": "1000000000000000000"
    },
    "selector": "0x2438525b",
    "signature": "increaseRelativeCap(bytes,uint256)",
    "decodedWith": "abi",
    "functionName": "increaseRelativeCap"
  },
  "data": "0x2438525b00000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000de0b6b3a7640000000000000000000000000000000000000000000000000000000000000000008000000000000000000000000000000000000000000000000000000000000000400000000000000000000000004c9edd5852cd905f086c759e8383e09bff1e68b3000000000000000000000000000000000000000000000000000000000000000f636f6c6c61746572616c546f6b656e0000000000000000000000000000000000",
  "asset": {
    "symbol": "PYUSD",
    "decimals": 6,
    "priceUsd": 0.9995740023720756
  },
  "capId": "0x8d5c935729c5c5c53eda1ea8613dcb5c2a1cd68a9d14be5f6f6cd8e4a0b99599",
  "idData": {
    "tag": "collateralToken",
    "kind": "collateral",
    "token": "0x4c9edd5852cd905f086c759e8383e09bff1e68b3"
  },
  "current": {
    "allocation": "0",
    "absoluteCap": "0",
    "relativeCap": "0"
  },
  "dataHash": "0x3f4e7e63df98439d2b287063d860d6dac8640fcead29d5591730d66cae894336",
  "selector": "0x2438525b",
  "marketExposureUsd": 0
}

All changes on Paypal USD Main ›

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