Shift DeFi Pulls USDC Vault From Morpho After Liquidity Drop, No Losses
- —Automated risk system exited all Morpho positions with no loss of funds
- —Deposits into the Liquid USDC Vault paused, withdrawals remain open
- —Vault held roughly $1.17 million in TVL at the time of the event
- —Cause of the liquidity drop and size of exited positions undisclosed
Why it matters: The event adds scrutiny to Morpho's risk model after a $36.4 million oracle exploit in August.
Source: The Crypto Times