I got caught in the wrsETH oracle malfunction on #Base. When the price skew hit, @MoonwellDeFi reacted fast: borrow caps across Core Markets on Base and #Optimism went to 0.1, deposits/withdrawals stayed live, and the risk team shared the path forward. I pulled some USDC, trimmed $ETH borrow, and started eyeing Vaults while things settle
If you’re navigating this too:
• Check each market page for liquidity before withdrawing or repaying
• Keep a healthy collateral buffer until caps are restored
• Consider Moonwell Vaults built on Morpho they don’t share liquidity with Core Markets and were unaffected
• Watch for the upcoming snapshot on wrsETH’s future and adjust exposure accordingly
• Track $WELL and governance updates; quiet phases often precede real moves
Anyone else shifting part of their stack into Vaults until the new oracle path is set?
