[steakUSDC] Adding WBTC/USDC market

After a successful launch and the Steakhouse USDC vault reaching close to $10M, we had significant feedback that users wanting to get access to the MORPHO rewards on the USDC/WBTC Morpho Blue market.

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 21th. At this stage, it is not planned to keep a significant exposure to WBTC after the reward period.

Market Parameters

Loan token: USDC - 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
Collateral token: WBTC- 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
Oracle: Morpho Chainlink - 0xDddd770BADd886dF3864029e4B377B5F6a2B6b83
IRM: Adaptive Curve IRM - 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
LLTV: 86.0%

Supply Cap: 100M USDC

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

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