Werracle
Empirical Protocol Research & Live Surveillance
OEV & Liquidation Sensory Radar
Sub-second health factor surveillance across 83 Morpho Blue markets and empirical research into Oracle Extractable Value (OEV) recapture on Base L2 (Chainlink SVR) and Ethereum L1.
Surveillance Coverage
83 Markets
69,341 Tracked Positions
Hot Zone (HF < 1.10)
3,686
High-risk liquidation threshold
Protocol Value Recaptured
98.10%
$186,889.85 / $190,506.31 gross
Median Solver Margin
-1.55%
61.9% subzero / breakeven
Base L2: Chainlink SVR Audit
105 Audited Tx
Empirical multi-call decoding across Base Morpho Blue liquidations during the high-volatility window (Oct 12–19, 2026). Atlas permissionless solvers bid aggressively, transferring ~98% of liquidation MEV to protocols.
Gross Liquidated Collateral
$190,506.31 USD
Value Recaptured to Protocol Bids
$186,889.85 USD
Solvers Retained (Pre-DEX Slippage)
$3,545.73 USD
Median Transaction Margin
-1.55%
Transactions with Margin ≤ 0.00%
65 / 105 (61.9%)
Cumulative Negative Margin Losses
~$2,500 USD
Ethereum L1: MEV-Boost Distribution
1,049 Liquidations
Analysis of priority bribes transferred to block builders (block.coinbase.transfer()) across 1,049 Ethereum L1 liquidations. Reveals an extreme power-law distribution where routine liquidations trigger negligible builder payments.
Total MEV-Boost Builder Payments
$358,316.62 USD
Median Builder Payment
$0.08 USD
75th Percentile (p75)
$0.56 USD
99th Percentile (p99)
$2,639.23 USD
Aave v3 (133 Events) Builder Fees
$317,467.00 USD
Measurement Scope
Priority Bribes (Not Collateral)
💡 Theoretical Architecture & Frontiers: Because Chainlink SVR captures ~98% of post-breach liquidation value, downstream solver extraction is compressed. Werracle's ongoing research explores upstream protection: Pre-Emptive Borrower Delegation (executing via Morpho Blue's native
setAuthorization before $HF < 1.00$) and CEX-DEX Pre-Oracle Signals (measuring ~2–3 second sequencer lead times during volatility).
Verified Base SVR Liquidations (Sample Feed)
Download Full Dataset (JSON)
| Tx Hash | Market | Collateral Seized | Gross USD | Protocol Bid (USD) | Solver Share | Margin |
|---|---|---|---|---|---|---|
| 0xd450...0f12 | cbBTC / USDC | 0.142 cbBTC | $9,650.00 | $9,510.00 | $139.80 | +1.45% |
| 0x9183...bb21 | WETH / USDC | 4.85 WETH | $12,710.00 | $12,580.00 | $128.50 | +1.01% |
| 0x4523...092a | cbETH / USDC | 1.12 cbETH | $3,120.00 | $3,150.00 | -$30.00 | -0.96% |
| 0x8b61...3291 | WETH / EURC | 12.40 WETH | $32,450.00 | $32,100.00 | $348.00 | +1.07% |