$XRP $USDC : Morpho loan stress exposes cbXRP, but spares native XRP
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• 6 snapshot placed 8.84 million USDC across 1,070 positions within a further 10% oracle decline, assuming unchanged debt and collateral.
• A 10% decline from the collateral price recorded around 13:24 UTC on Nov.
• 6 would make positions carrying about 8.84 million USDC of debt eligible for liquidation in a Morpho lending market on Base.
• The snapshot covered 1,070 positions borrowing USDC against cbXRP, Coinbase's XRP-backed token.
• A smaller 5% decline would bring 462 of those positions, carrying about 3.23 million USDC of debt, to or beyond the same boundary.
#XRP #Crypto
Source - CryptoSlate
━━━━━━━━━━━━━━━━━━━━
• 6 snapshot placed 8.84 million USDC across 1,070 positions within a further 10% oracle decline, assuming unchanged debt and collateral.
• A 10% decline from the collateral price recorded around 13:24 UTC on Nov.
• 6 would make positions carrying about 8.84 million USDC of debt eligible for liquidation in a Morpho lending market on Base.
• The snapshot covered 1,070 positions borrowing USDC against cbXRP, Coinbase's XRP-backed token.
• A smaller 5% decline would bring 462 of those positions, carrying about 3.23 million USDC of debt, to or beyond the same boundary.
#XRP #Crypto
Source - CryptoSlate
