# Steakhouse announces SVR MetaOracle migration for Morpho markets

> The announced target design adds private-auction SVR delivery, standard Chainlink fallback paths, exact-collateral backup pricing where applicable, a 2% deviation trigger, a two-hour challenge timelock, and an eight-hour healing timelock.

- URL: https://riadefi.com/on-chain/2026-04-27-morpho-blue-steakhouse-svr-metaoracle-migration/
- Type: Control change
- Stage: Proposed
- Evidence: confirmed
- Materiality: material
- Event date: 2026-04-27
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2026-05-04
- Advisor-relevant: yes
- Affects: Morpho Blue (protocol)

## What happened

Steakhouse announced a planned oracle migration for its Prime BTC- and ETH-related Morpho markets on Ethereum, replacing hardcoded collateral pricing in eligible markets with SVR-based MetaOracle designs and explicit backup feeds.

## What changed

The announced target design adds private-auction SVR delivery, standard Chainlink fallback paths, exact-collateral backup pricing where applicable, a 2% deviation trigger, a two-hour challenge timelock, and an eight-hour healing timelock.

## What did not change

The forum record does not prove that each listed Morpho market had switched to the new oracle on April 27. It does not announce changed LLTVs, collateral assets, or completed adoption on Arbitrum or Base.

## Confirmed

- Steakhouse published the notice on April 27, 2026.
- The notice identifies Ethereum-mainnet Morpho markets involving cbBTC, WBTC, LBTC, WETH, wstETH, and weETH.
- For eligible wrapped-Bitcoin markets, the proposed MetaOracle compares an SVR BTC/USD primary path with an exact-collateral Chainlink backup.
- The specified MetaOracle parameters are a 2% deviation threshold, a two-hour challenge timelock, and an eight-hour healing timelock.
- The notice provides exact Ethereum oracle addresses for the listed market groups and says Arbitrum and Base adoption would follow progressively.

## Still open

- The record does not identify the execution transaction or effective switch date for each market.
- The exact client-held or approved vault allocations touching each listed market were not established by this candidate.
- The configured SVR auction delay and observed behavior during feed divergence or private-route failure remain unverified.
- Adoption on Arbitrum and Base was prospective rather than operative in this event record.

## What it means for an advisor

- Review the Morpho Blue memo's oracle and liquidation assumptions for any approved Steakhouse vault allocating to the listed markets.
- Reconcile each held vault's market allocations and live oracle address before treating the announced fallback design as operative.
- Do not infer that additional fallback layers remove Chainlink, curator, liquidation-auction, or collateral-depeg risk.

## Sources

1. [Improving Oracles on Eligible Markets](https://forum.morpho.org/t/improving-oracles-on-eligible-markets/2250) · Steakhouse Financial on Morpho Governance Forum · 2026-04-27


---

Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.