Steakhouse High Yield USDC EditionBase · Morpho

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

NotableExecutes 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

3 addresses

At stake

$468M TVL · $468M max allocatable

Curator or 2 sentinels (0x639b…c5d6, 0x9e0f…eaf5) can call revoke(data) before 2026-10-26 16:32 UTC. Up to $468M (at current TVL) 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 relative capBefore100%After100%0xbeef…8845

Steakhouse High Yield USDC Edition: relative cap on all markets with mGLO collateral increases from 100% to 100% of vault assets

Raw transaction

increaseRelativeCap · tx 0xb5c7…c915Show calldata ›

Queue tx: 0xb5c753683631bbb7b011a12d6a93a9ee098f6f3a6325fab1cba846b99fbec915
Contract: 0xbeeff2490feffa212fac2f6553682c219e6a8845

{
  "call": {
    "args": {
      "idData": "0x0000000000000000000000000000000000000000000000000000000000000040000000000000000000000000fcc9cc1209651ed8867332d6f664cf82743a2584000000000000000000000000000000000000000000000000000000000000000f636f6c6c61746572616c546f6b656e0000000000000000000000000000000000",
      "newRelativeCap": "1000000000000000000"
    },
    "selector": "0x2438525b",
    "signature": "increaseRelativeCap(bytes,uint256)",
    "decodedWith": "abi",
    "functionName": "increaseRelativeCap"
  },
  "data": "0x2438525b00000000000000000000000000000000000000000000000000000000000000400000000000000000000000000000000000000000000000000de0b6b3a764000000000000000000000000000000000000000000000000000000000000000000800000000000000000000000000000000000000000000000000000000000000040000000000000000000000000fcc9cc1209651ed8867332d6f664cf82743a2584000000000000000000000000000000000000000000000000000000000000000f636f6c6c61746572616c546f6b656e0000000000000000000000000000000000",
  "asset": {
    "symbol": "USDC",
    "decimals": 6,
    "priceUsd": 0.9995933529048807
  },
  "capId": "0x149da4cdd5b28c49e96d3ec77eb259757842f11e519f47adabdde13e36b21d14",
  "idData": {
    "tag": "collateralToken",
    "kind": "collateral",
    "token": "0xfcc9cc1209651ed8867332d6f664cf82743a2584"
  },
  "current": {
    "allocation": "37534923627285",
    "absoluteCap": "100000000000000",
    "relativeCap": "1000000000000000000"
  },
  "dataHash": "0xbcaa1640fa1e0a958418882e09939d60b43ba22fda6d7e5f5c793593f7a73ba3",
  "selector": "0x2438525b",
  "marketExposureUsd": 37519660.16
}

All changes on Steakhouse High Yield USDC Edition ›

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