Trades in a $9 million Pendle reUSD pool triggered $36.1 million of liquidations on Morpho in 14 minutes. Pendle and Steakhouse Financial say the oracle worked as designed and no bad debt was incurred.

A wallet spent $320K on Pendle YT-reUSD trades, triggering $36.4M in Morpho liquidations across 33 events. No bad debt was created, but oracle

Trades in a $9 million Pendle reUSD pool triggered $36.1 million of liquidations on Morpho in 14 minutes. Pendle and Steakhouse Financial say the oracle worked as designed and no…