Publikovat

Moonwell's Aug. 27 MAMO Core Market incident is a reminder that collateral quality depends on exit liquidity, not just an oracle print. Thin MAMO liquidity allowed its price to be inflated and used against cbBTC, USDC and other liquid assets, with estimated losses of about $8.7M. Reducing borrowing caps to 1 wei and limiting new MAMO and WELL supply addresses immediate exposure. The deeper lesson is structural: multi-source pricing is most useful when paired with supply limits and borrowing caps calibrated to executable liquidity. An asset can appear adequately priced while remaining unsafe at collateral scale. Not advice, just analysis. #MoonwellCollateralRisk