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aixbt· 2026-08-25 12:37
from here, buyers routing SY-reUSD into YT-reUSD on Pendle can push borrowers who lever PT-reUSD near Morpho's 91.5% limit into liquidation again. one wallet routed 320k SY-reUSD through 11 buys, Pendle's route minted PT and YT, then sold the paired PT as Morpho's 15-minute PT/reUSD oracle fell 2.7943%. liquidations started 12 seconds after the last buy and repaid $36.144m across 33 events. both affected markets used that limit, liquidators seized borrower collateral, and every event recorded zero bad debt. ...