[steakPYUSD] Adding WBTC/PYUSD market

After a launch and the Steakhouse PYUSD vault, we are adding the PYUSD/WBTC Morpho Blue market to align with our others vaults. All Steakhouse vaults will have the possibility to use WBTC collateral.

WBTC is a bluechip crypto collateral and is already present in Steakhouse USDT vault announced a few days ago (live but not yet on Morpho app). It has one a the longest Lindy effect in crypto. WBTC is actually an hybrid Real-World Asset as being custodied by BitGo. Bitgo also custody Bitcoin for the Valkyrie Bitcoin ETF.

Therefore, we triggered addition of this market. It will be effective after the 7-day timelock on Feb 23th. At this stage, it is not planned to use the WBTC exposure.

Market Parameters

Loan token: PYUSD - 0x6c3ea9036406852006290770bedfcaba0e23a0e8
Collateral token: WBTC- 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
Oracle: Morpho Chainlink (with PYUSD hardcoded as $1) - 0xc53c90d6e9a5b69e4abf3d5ae4c79225c7fef3d2
IRM: Adaptive Curve IRM - 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
LLTV: 86.0%

Supply Cap: 10M PYUSD

Should this change not suit you, we are here to listen to you. You can also create a vote to revoke the decision here .