MEV Capital updated its X platform account regarding the latest developments in the Morpho USDC vault operation. The Ethereum Morpho USDC vault has removed the Elixir sdeUSD/USDC trading pair, resulting in bad debt equivalent to approximately 3.6% of the vault's total value locked (TVL) at the time. The vault no longer holds any Elixir assets. Other market and parameter settings remain unchanged. MEV Capital continues to work with relevant parties to address the issues faced by Elixir creditors. Previously, Elixir announced that its stablecoin deUSD had been officially retired and no longer possesses any value, and that it would initiate a USDC compensation process for all deUSD and its derivatives (such as sdeUSD) holders, affecting lenders, AMM LPs, Pendle LPs, and others.