MEV Capital: Ethereum Morpho USDC vault no longer holds any Elixir assets.

According to Odaily Planet Daily, MEV Capital updated its Morpho USDC vault operations on the X platform. The Ethereum Morpho USDC vault has removed the Elixir sdeUSD/USDC trading pair, resulting in bad debt equivalent to nearly 3.6% of the vault's total value locked (TVL) at the time. The vault no longer holds any Elixir assets. Other markets and parameters remain unchanged. MEV Capital continues to work with relevant parties to address the issues faced by Elixir creditors.

Previously, Elixir announced that its stablecoin deUSD has been officially retired and no longer has any value. It will also initiate a USDC compensation process for all holders of deUSD and its derivatives (such as sdeUSD), including lenders, AMM LPs, Pendle LPs, etc.