DeFi is a house of cards Remove 1 card → the entire floor collapses Everyone saw the $80m Resolv hack But the $USR depeg triggered a cascade of Bad Debt on lending markets... Someone pulled off a clever "exploit" on Morpho for $300k Here's how it worked 👇 Re7 USDC vault + USR/USDC market on @MorphoLabs had a fatal flaw: Oracle price was hardcoded 1:1 for USR:USDC Didn't matter what happened on DEX... 1 $USR = 1 $USDC inside the market The exploit: 1️⃣ Flashloan 100m $USDC 2️⃣ Deposit into Re7 USDC vault 3️⃣ Curator auto-allocates to USR/USDC market 4️⃣ Buy depegged $USR cheap on DEX 5️⃣ Deposit $USR as collateral, borrow $USDC at 1:1 ratio Profit: ~$300k TX: ...