[Moonwell Reduces Collateralization Ratios, Removes VELO and wrsETH from Collateral Qualification] According to TechFlow, on November 12th, The Defiant reported that Moonwell's MIP-X75 risk adjustment has taken effect, reducing the collateralization ratios for certain assets on Base and Optimism, and removing VELO and wrsETH from collateral. On Base, the collateralization ratios for AERO, WELL, and MORPHO have decreased from 58%, 35%, and 40% to 55%, 20%, and 30%, respectively. On Optimism, VELO and wrsETH have decreased from 50% and 20% to zero, respectively, while OP has decreased from 55% to 50%. The decrease in collateralization ratios reduces the available collateral for existing loans, potentially triggering liquidation conditions even if token prices do not fall. Affected borrowers can repay part of their debt or add other eligible collateral to restore a safety margin.