Sky’s Core GovOps proposed higher Osero exposure and lower capital requirements on October 30.

What happened

Sky’s Core GovOps proposed changes to capital requirements, Morpho verification and Osero’s Gauntlet USDC vault limits on October 30, 2026.

What changed

Core GovOps proposed raising the vault’s maximum exposure from 10,000,000 to 25,000,000 USDC and reducing its capital ratio requirement from 25% to 10%.

What did not change

Core GovOps submitted proposed amendments. The announcement establishes no approval or executed allocation.

Confirmed

• Core GovOps proposed a 15,000,000 USDC deposit limit with a slope of 10,000,000 USDC per day.
• Core GovOps proposed requiring Prime Agents to verify every Morpho vault they deploy or enable to receive capital.
• Core GovOps proposed requiring Prime Spell reviewers to review the resulting verification report before approving deployment.

Still open

• Sky governance must establish which amendments receive approval and when operators implement them.
• The announcement does not establish how much USDC Osero subsequently allocates.

What it means for an advisor

• Ketju should review the Sky memo’s explanation of capital protection and external lending exposure before incorporating these proposed limits.
• Ketju should verify the specific vault and its controls before attributing these changes to Morpho Blue’s core contracts.