A wallet bought yield tokens in a $9 million Pendle pool, dragged the PT price down 2.8%, and liquidated $36.1 million of looped positions on @Morpho in 14 minutes. @pendle_fi and @SteakhouseFi say the oracle worked as designed. No bad debt. Read more here https://thedefiant.io/news/defi/pendle-oracle-move-liquidates-usd36-million(The Defiant)