MIP-X75 Reduces Collateral Backing on Base and Optimism

Simon Yoon

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MIP-X75 Reduces Collateral Backing on Base and Optimism

The measure cuts collateral limits and removes Velodrome Finance (VELO) and wrsETH from eligible collateral.

By Simon Yoon

Published Nov 12, 2026, 1:33 AM EST

Two metal tokens lifted from a precision-cut collateral tray / TokenPost.ai

MIP-X75 Reduces Collateral Backing on Base and Optimism. The measure cuts collateral limits and removes Velodrome Finance (VELO) and wrsETH from eligible collateral.

Collateral is an asset pledged to support a loan. Under the update, VELO and wrsETH are no longer accepted in that role.

Simon Yoon

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Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.