MEV Capital

A digital assets investment firm focused exclusively on Decentralized Finance.

[MEV Capital @MEVCapital]

Update MEV Capital Ethereum USDC Vault

The MEV Capital @Morpho Ethereum USDC Vault has fully exited the @ResolvLabs RLP/USDC market following the 3-day timelock expiry.

A residual of ~47K USDC has been removed from the Vault, accounting for less than 0.65% of the remaining TVL. MEV Capital Vaults now have zero exposure to any Resolv assets. The team is actively following up with Resolv Labs on potential recovery for affected depositors.

Deposits are now re-opened, all other Markets and parameters remain unchanged.

🟦 https://t.co/V86M3kVqPf

[Resolv Labs @ResolvLabs]

Update on illicitly minted USR supply reduction

Of the total 80M USR illicitly minted during the exploit on March 22, 2026, approx. 46M (~57%) has been permanently removed from circulation through a combination of burns and blacklisting.

As a result, no illicitly minted assets remain on exploiter-associated addresses that could be further transferred or converted.

Multiple steps have been taken to reduce the amount of 80M illicitly minted USR:

→ ~9M USR was burned across two transactions on March 22
• https://t.co/ONXh3sqQvT
• https://t.co/U19J9Ud8kP

→ Another ~36M USR held by exploiter-associated wallets in a form of wstUSR was blacklisted. This was accomplished via a wstUSR contract upgrade, which required a 72-hour timelock initiation due to contract-level constraints.
• https://t.co/ODDe0kRbi9

→ Remaining exploiter-held USR has been burned.
• https://t.co/l60XtVbzqX

[MEV Capital @MEVCapital]

@cDandanFi @elixir @SiloFinance Yes, it’s coming and we’ll keep you updated.

[MEV Capital @MEVCapital]

We’re thrilled to announce to MEV Capital Morpho USDC vault depositors that they can now claim their funds following the @elixir event last October.
https://t.co/dRUd1gMrig

[Elixir @elixir]

Elixir has worked with curators to make available funds to lenders affected by Stream’s open borrow positions on lending markets. Affected lenders can now recover USDC at the following link: https://t.co/7InUWHlbWt

For any issues, please open a ticket in our Discord. Please check the page as soon as possible as claims will only be available for a limited time.

[MEV Capital @MEVCapital]

@Rob_m00n @elixir Yes, it’s coming and we’ll keep you updated.

[MEV Capital @MEVCapital]

@halfdead777 @elixir Arbitrum Morpho vault was exposed to Stream finance Xusd not Elixir. Please stay tuned.

[MEV Capital @MEVCapital]

@DegenCT @elixir Arbitrum Morpho vault was exposed to Stream finance Xusd not Elixir. Please stay tuned.

[MEV Capital @MEVCapital]

@cDandanFi @elixir @SiloFinance Yes

[MEV Capital @MEVCapital]

@cDandanFi @elixir @SiloFinance Silo finance vaults are Xusd not Elixir. Stay tuned.

[cap @CapApp]

We would like to thank our liquidity providers for making these markets possible:

- @SteakhouseFi
- @gauntlet_xyz
- @ClearstarLabs
- @hyperithm
- @MEVCapital

[Lucidly @LucidlyFi]

We recently submitted a joint proposal for @gnosis_ DAO Treasury Management Services with @MEVCapital.

As a Gnosis ecosystem user, please share your thoughts/concerns here for better understanding as we structure this ahead.

[Vault Summit @Vault__Summit]

🎙️ @DeFiMEV, Partner & Asset Manager, @MEVCapital

Marien takes the stage at Vault Summit!

Join him at Ciudad Cultural Konex in Buenos Aires during DeFiConnect on 18 November.

🎟️ https://t.co/pocQ2mYCpz

[MEV Capital @MEVCapital]

MEV Capital update on the Arbitrum USDC Morpho Vault:

Regarding @StreamDefi market pair, the Arbitrum USDC Vault removed the Stream xUSD/USDC market following the 3-day time-lock. The Arbitrum vault realized a loss of approximately 600K USDC out of the remaining 5M USDC at the the time of pair deprecation. The Morpho vaults no longer have exposure to any Stream nor Elixir assets; other markets and parameters remain unchanged.

🔹 Arbitrum Vault:
https://t.co/RsnU2obzIx

MEV Capital is currently working with relevant parties to address the situation with StreamFinance recovery and will provide updates to concerned lenders once more information becomes available.

[MEV Capital @MEVCapital]

MEV Capital operational update on Morpho USDC vault:

The Ethereum Morpho USDC Vault removed @Elixir sdeUSD/USDC market pair, resulting in the vault realizing a bad debt equal to nearly 3.6% of the total vault TVL at the time. The vault no longer has exposure to any Elixir assets. Other markets and parameters remain unchanged.

🔹 Concerned Vault: https://t.co/jlmGyiy6cn

MEV Capital is currently working with relevant parties to address the situation on Elixir creditors as it evolves.

[Elixir @elixir]

Elixir has worked tirelessly over the previous 48 hours and has successfully processed redemptions of 80% of all deUSD holders thus far (not including Stream).

As it stands now, Stream holds roughly 90% of the deUSD supply (~$75m), while Elixir holds a similar proportion of its remaining backing as a Morpho loan to Stream.

All remaining holders of deUSD and sdeUSD will be able to redeem for a dollar.

To protect the interest of these holders (and remove any risk of Stream liquidating deUSD before repaying their loan), a snapshot has been taken of all remaining deUSD and sdeUSD holder balances, and a claim page will go live later today. These parties will be able to claim USDC.

As a part of this, the mint/redeem infrastructure has been turned off, and we will be sunsetting deUSD in the near future. Any affected LPs in AMM pools or lending markets will be able to claim the full value of their position.

Given that Stream comprised of 99%+ of the lending positions (and has decided to not repay or close positions), we will work with Euler, Morpho, Compound and the curators moving forward to help distribute repayment of the Stream loan to liquidate these positions. We still believe this will be honored 1 for 1.

We will follow up to this post later today with claim page information.

[Ember Protocol @EmberProtocol]

eBTC, powered by @MEVCapital, is now earning 15.06% on Ember Protocol.

[MEV Capital @MEVCapital]

USDT/sUSDX markets have experienced elevated borrow rates with limited repayment activity.

Recent MEV Capital actions:
- Set allocation cap to 0 for this market
- Updated the Interest Rate Model (IRM) to adjust borrowing incentives

ListaDAO's community is voting to update the oracle parameters through their governance process.

We continue monitoring market activity and liquidation processes.

[Lista DAO @lista_dao]

Update:

We’ve received a public statement from @Re7Labs in our Discord regarding their proposed plan for asset handling the USDX market.
Link: https://t.co/5TdLkYcTrj

In light of this update, Lista DAO will soon initiate a governance vote to proceed with the market liquidation process.

More details will follow shortly.

[Defi Security Summit @summit_defi]

As DeFi grows, its financial risks grow too, from market volatility to smart contract exposure.

Join @ayham_eth, @sebventures, @MonetSupply, @omeragoldberg, @realYaronVelner, and Gytis Trilikauskis to discuss who should manage these risks: curators or protocol governance?

[MEV Capital @MEVCapital]

We are aware of the recent disclosure regarding a $93M shortfall in the Stream Finance ecosystem. MEV Capital is providing this update regarding curated markets and products exposed to Stream Finance assets.

TL;DR: MEV Capital’s actively managed vaults (Midas, Upshift, Mellow, Symbiotic) and lending markets on mainnet L1 have no direct exposure to Stream Finance assets. The exposure is contained to 4 permissionless lending markets and 1 vault deployed across three L2 chains, namely: Silo Vault - xBTC, xUSD (Avalanche), Euler Cluster - xUSD (Sonic), and Morpho Vault - xUSD (Arbitrum) - where MEV Capital provides venues for borrowers and lenders to Stream Finance assets.

List of vaults and lending markets curated by MEV Capital impacted by Stream Finance shortfall:
- Silo (Avalanche) USDC Vault
Current allocation to xUSD market: $7.2M USDC, LLTV: 89%
- Silo (Avalanche) BTC.b Vault
Current allocation to xBTC market: 164.3 BTC.b, LLTV: 89%
- Morpho (Arbitrum) USDC Vault
Current allocation to xUSD market: $628K USDC, LLTV: 91.5%
- Euler (Sonic) USDC Cluster
Current deposits: $3.4 M USDC, LLTV: 91.5%
- Euler (Sonic) scUSD Market
Current deposits: $7.02M scUSD, LLTV: 91.5%

MEV Capital vaults status:
https://t.co/wXAWbYmKJo

Current actions:
- Our AM team updated exposed Market parameters to contain the situation and limit any direct or indirect exposure to Stream Finance assets out of current chains and markets
- Our Legal team has reached out to Stream Finance’s legal counsel to address Stream's borrowing positions in the curated vaults & markets exposed to Stream’s assets.
- Our BD team is reaching out with protocols & chains representatives for further actions on exposed lending markets to coordinate exposure limitations and action plans.
- Our Technical team is tracking any developments from Stream Finance’s activity and associated protocols directly and indirectly exposed to Stream Finance’s assets.

We continue collecting information to assess potential outcome for lenders exposed to Stream Finance assets, most of it will depend on Stream Finance's decisions to clarify the current reserve situation. We will continue to monitor and adjust our lending market parameters, we keep the situation isolated from other vaults while the situation evolves.

[MEV Capital @MEVCapital]

MEV Capital team is aware of the Balancer exploit incident and wants to confirm that Midas mMEV and mevBTC vaults had no exposure to Balancer v2 and are not affected.

[Lombard @Lombard_Finance]

🏦 @SocieteGenerale's SG-FORGE now accepts LBTC as collateral for MiCA-compliant stablecoin loans via @MEVCapital and @MorphoLabs

The 6th largest bank in Europe is building onchain capital markets with Lombard!

[Reserve 🌐 @reserveprotocol]

Tired of the perps DEX mayhem? 😮‍💨

Now there’s a better way to bet on the market, thanks to the new $LCAP Vaults on @MorphoLabs curated by @MEVCapital

🔷 USDC / LCAP
https://t.co/O2ZHoeJ7EN

🔶 LCAP / USDC
https://t.co/LKZUENpOPF

Here’s how it works 🧵👇