Morpho loan stress exposes cbXRP, but spares native XRP
Headline from CryptoSlate
Key points
- A recent stress test on Morpho loans highlighted vulnerabilities in wrapped XRP positions, specifically cbXRP, following market fluctuations.
- The snapshot from November 6 revealed that 8.84 million USDC across 1,070 positions faced potential liquidations under a further 10 percent oracle price decline.
- However, native XRP holdings remained unaffected by the underlying loan protocol issues.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoSlateMorpho loan stress exposes cbXRP, but spares native XRP · 45 minutes agoRead on CryptoSlate
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