Moonwell’s MIP-X75 risk adjustment had taken effect as of a November 12, 2026 report by TechFlow, citing The Defiant. It reduced collateral factors for several assets on Base and Optimism and removed VELO and wrsETH as eligible collateral on Optimism.
| Network | Asset | Previous collateral factor | New collateral factor |
|---|---|---|---|
| Base | AERO | 58% | 55% |
| Base | WELL | 35% | 20% |
| Base | MORPHO | 40% | 30% |
| Optimism | VELO | 50% | 0% |
| Optimism | wrsETH | 20% | 0% |
| Optimism | OP | 55% | 50% |
A lower collateral factor reduces how much an existing loan’s collateral can support. A position could therefore become eligible for liquidation even if the collateral token’s price does not fall. Affected borrowers can repay part of their debt or add other eligible collateral to restore a safety margin.
Original report: TechFlow, published November 12, 2026, at 00:15 (UTC+08:00).