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Morpho CEO: rsETH exposure is limited, with approximately 1 million USD worth of ETH collateralized as rsETH lent out.

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PANews
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1 hour ago
AI summarizes in 5 seconds.

PANews April 19 news, regarding the Kelp DAO attack incident, Morpho CEO Paul Frambot stated that the Morpho smart contracts are secure and operating normally. Exposure is limited, and the curator has taken preventive measures at the first opportunity; only about 1 million dollars worth of ETH is borrowed as collateral in rsETH across two isolated markets (among thousands of markets). In approximately 500 Morpho Vaults (with deposits exceeding 10,000 dollars), only 2 are involved in these markets, and the final impact still depends on the subsequent development of the event; due to Morpho's fully isolated market design, all other Vaults remain unaffected. Although the direct impact on Morpho is limited, there may still be second-order effects due to the broader ecosystem exposure.

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