RWA stablecoin project Usual posted on X that all Morpho markets have been assigned appropriate caps and all positions are eligible to migrate to the new market.
Usual strongly recommends users to migrate their positions as soon as possible. The rewards of the old market have been abandoned, and liquidation and bad debt commitments have been restricted to the capped vault.
Usual has successfully protected lenders in the vault from bad debts, but it is not recommended to continue lending directly to the market.
Yesterday, Usual posted on the X platform that it is actively ensuring that there are no bad debts in the current lending market, and all liquidation proceeds will flow directly into the DAO treasury, ultimately benefiting USUAL holders. The new Morpho market has been created and all migrations can be completed within hours.