Steakhouse High Yield USDCBase · Morpho

Relative cap on market mGLO/USDC (LLTV 91.5%) via adapter 0xfaaf…18c2 increases from 0% to 100% of vault assets

CriticalExecutes in 2d 19hIncrease relative cap

Basescan

Status

Executes in 2d 19h

Queued → executable

Oct 23, 16:32 → Oct 26, 16:32 UTC

Can be vetoed by

2 addresses

At stake

$31.4M TVL · $31.4M max allocatable

Curator or 1 sentinel (0x639b…c5d6) can call revoke(data) before 2026-10-26 16:32 UTC. Up to $31.4M (at current TVL) could then be allocated there. Depositors can withdraw before it executes (instant liquidity $6.4M; forceDeallocate allows in-kind exit beyond that, for a penalty).

What changed

VaultBeforeAfterAddress

Steakhouse High Yield USDCIncrease relative capBefore0%After100%0xbeef…8100

Steakhouse High Yield USDC: relative cap on market mGLO/USDC (LLTV 91.5%) via adapter 0xfaaf…18c2 increases from 0% to 100% of vault assets

Raw transaction

increaseRelativeCap · tx 0xb5c7…c915Show calldata ›

Queue tx: 0xb5c753683631bbb7b011a12d6a93a9ee098f6f3a6325fab1cba846b99fbec915
Contract: 0xbeeff7ae5e00aae3db302e4b0d8c883810a58100

{
  "call": {
    "args": {
      "idData": "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",
      "newRelativeCap": "1000000000000000000"
    },
    "selector": "0x2438525b",
    "signature": "increaseRelativeCap(bytes,uint256)",
    "decodedWith": "abi",
    "functionName": "increaseRelativeCap"
  },
  "data": "0x2438525b00000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000de0b6b3a7640000000000000000000000000000000000000000000000000000000000000000012000000000000000000000000000000000000000000000000000000000000000e0000000000000000000000000faaf20a032aefada97278c165345b6be1afc18c2000000000000000000000000833589fcd6edb6e08f4c7c32d4f71b54bda02913000000000000000000000000fcc9cc1209651ed8867332d6f664cf82743a2584000000000000000000000000bfa7db7a65d24ac807de09419a18eca44a56c5be00000000000000000000000046415998764c29ab2a25cbea6254146d50d226870000000000000000000000000000000000000000000000000cb2bba6f17b80000000000000000000000000000000000000000000000000000000000000000011746869732f6d61726b6574506172616d73000000000000000000000000000000",
  "asset": {
    "symbol": "USDC",
    "decimals": 6,
    "priceUsd": 0.9995933529048807
  },
  "capId": "0x4296af28fb3206c6180b8e6d8d3151b8a6611256881f9f12f03ffe349666acc8",
  "idData": {
    "tag": "this/marketParams",
    "kind": "market",
    "adapter": "0xfaaf20a032aefada97278c165345b6be1afc18c2",
    "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": "0xc54da5ba7319ec7e135b4970686f79d67c6c5892d5dc2c01a0b08fd4589ca249",
  "selector": "0x2438525b",
  "marketExposureUsd": 0
}

All changes on Steakhouse High Yield USDC ›

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