We’re upgrading the EURCV/cbBTC market on
@Morpho to one using the Steakhouse MetaOracle. We recommend borrowers to migrate their positions, as we are progressively exiting the old market.
Old:
New:
The old market’s oracle uses a hardcoded cbBTC = BTC price. On the new market, if cbBTC’s price moves away from BTC, it switches to a fallback Chainlink oracle that tracks cbBTC’s own price. This upgrade makes the market safer for suppliers in case of a depeg.