🍿>$750M stuck in @MorphoLabs vaults and counting...
Time for curators to step up and show their true colors
Update: the situation has largely normalised👌
@SteakhouseFi, @MEVCapital, @gauntlet_xyz and @ClearstarLabs vaults are liquid again.
High borrow rates prompted loopers to unwind, easing utilisation across many isolated markets. Curators were able to restore liquidity for those who wanted to exit their positions.
A few vaults still need time to complete this process, but that’s just the market doing its thing. Liquidity should continue improving over the next few days.
No reason to panic.
To clarify: “stuck” in the original post referred to a temporary state of illiquidity, not permanent loss of access.
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