Pendle PT-reUSD Oracle Price Fluctuation Triggers Liquidation of Leveraged Positions

The decentralized reinsurance protocol Re stated that the Pendle PT-reUSD oracle used by the third-party Morpho market experienced market price fluctuations, triggering the liquidation of leveraged PT positions. The reUSD itself was unaffected, and the Morpho market did not incur any bad debts. Re is investigating whether the PT market price was subject to intentional manipulation and is collaborating with relevant teams to optimize a safer oracle configuration.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.