Moonwell Slashes Collateral Limits and Delists VELO and wrsETH
Key Highlights: Moonwell governance proposal MIP-X75 introduces collateral factor reductions across Optimism and Base, prompting liquidation warnings for affected borrowers. The deprecation of $VELO follows Chainlink’s planned retirement of the VELODROME/USD price oracle feed on November 11. Risk management firm Anthias Labs estimated the parameter updates could push dozens of accounts across Optimism and Base ...