# MIP-X75 Reduces Collateral Backing on Base and Optimism

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/55027
Published: 2026-11-12T06:33:42.000Z
Updated: 2026-11-12T06:33:42.000Z
Section: Technology

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

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.