Layer2
Moonwell Cuts Collateral Limits, Drops VELO and wrsETH
The Defiant·November 11, 2026·1 min read
Moonwell cuts collateral limits and drops VELO and wrsETH under MIP-X75, reducing backing available for existing loans on Base and Optimism. Borrowers near their limits face liquidation unless they reduce debt or add eligible collateral. The move tightens risk parameters across the protocol.
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