diff --git a/bots/quoter-bot/.env.example b/bots/quoter-bot/.env.example
index daf7917e..77f2fe8d 100644
--- a/bots/quoter-bot/.env.example
+++ b/bots/quoter-bot/.env.example
@@ -28,7 +28,6 @@ MARKET_IDS=0x5555555555555555555555555555555555555555555555555555555555555555
 # Required by commands whose active targetRate strategy is variable_rate_avg.
 REFERENCE_MARKET_ID=0x7777777777777777777777777777777777777777777777777777777777777777
 NATIVE_RESERVE_WEI=10000000000000000
-MAXIMUM_LEND_EXPOSURE_ASSETS=10000000000
 MORPHO_API_BASE_URL=https://api.example
 V0_OFFER_GROUP_IDS=0x8888888888888888888888888888888888888888888888888888888888888888
 REQUEST_TIMEOUT_MS=10000
diff --git a/bots/quoter-bot/README.md b/bots/quoter-bot/README.md
index 900a863e..907ec2b4 100644
--- a/bots/quoter-bot/README.md
+++ b/bots/quoter-bot/README.md
@@ -492,7 +492,6 @@ unit; for six-decimal USDC, `101000000` is 101 USDC. No value is inferred from a
 | `REFERENCE_MARKET_ID`            | `markets.referenceMarketId`         | Required when the selected command has an active `variable_rate_avg` target. Must be a 0x-prefixed bytes32 Morpho Blue market ID.                                                                                                                                                                                                                                   |
 | `V0_OFFER_GROUP_IDS`             | `markets.v0OfferGroupIds`           | Optional comma-separated list of unique, explicitly strategy-owned bytes32 offer-group IDs; defaults to empty. Use it to adopt known pre-existing groups safely.                                                                                                                                                                                                    |
 | `NATIVE_RESERVE_WEI`             | `setup.nativeReserveWei`            | Required unsigned integer. Minimum maker native-token balance, in wei, required by readiness for transaction fees.                                                                                                                                                                                                                                                  |
-| `MAXIMUM_LEND_EXPOSURE_ASSETS`   | `setup.maximumLendExposureAssets`   | Required unsigned integer in raw loan-token units. Minimum maker allowance to Midnight required by readiness; it is not a strategy position cap.                                                                                                                                                                                                                    |
 | `REQUEST_TIMEOUT_MS`             | `setup.requestTimeoutMs`            | Optional provider-operation and aggregate pagination timeout in milliseconds. Defaults to `10000`; accepted range is `1` through `120000`.                                                                                                                                                                                                                          |
 | `TRANSACTION_RECEIPT_TIMEOUT_MS` | `setup.transactionReceiptTimeoutMs` | Optional timeout for confirming an already-submitted transaction, in milliseconds. Defaults to `180000`; accepted range is `1` through `900000`.                                                                                                                                                                                                                    |
 | `BOOTSTRAP_MARKETS`              | `bootstrap`                         | Optional exact JSON array of position-bootstrap entries documented below; defaults to `[]` and replaces the complete YAML `bootstrap` list when supplied.                                                                                                                                                                                                           |
@@ -575,7 +574,8 @@ no field is human-scaled — resolve decimals downstream from the `loanAsset` ad
 | `book.observed`                | A verbose ladder cycle observed post-check market state (both sides always)                               | `marketId`, `side`, `state`, `rungs`, `totalAssets`, `bestRateBps?`, `worstRateBps?`, `centerRateBps?`                                                                                                                                                                 |
 | `offer.consumed`               | A group's monotonic `consumed` grew since the previous cycle                                              | `marketId`, `side`, `consumedDeltaAssets`, `groupRateBps`, `remainingAssets`, `groupId` _(trace only)_                                                                                                                                                                 |
 | `transaction.settled`          | A submitted transaction confirmed; `marketId` is absent for strategy-wide halt/invalidation cancellations | `workflow`, `marketId?`, `operation`, `txHash` _(trace only)_                                                                                                                                                                                                          |
-| `setup.check-failed`           | One named setup check failed                                                                              | `check`                                                                                                                                                                                                                                                                |
+| `setup.check-failed`           | One named setup check failed, blocking readiness                                                          | `check`, `status`                                                                                                                                                                                                                                                      |
+| `setup.check-warning`          | One named setup check warned without blocking readiness                                                   | `check`, `status`                                                                                                                                                                                                                                                      |
 
 `txHash` and `groupId` are unbounded trace-only correlation fields: use them to join records, never
 as grouping dimensions. The safe dimensions are `workflow`, `marketId`, `side`, `status`, `stage`,
@@ -602,7 +602,8 @@ Absence alerts are scoped per market by `market.configured`, which names the mar
 
 **Known limits.**
 
-- Everything beyond `cycle.completed`, `guardrail.halted`, and `setup.check-failed` requires
+- Everything beyond `cycle.completed`, `guardrail.halted`, `setup.check-failed`, and
+  `setup.check-warning` requires
   `--verbose`. Full shipping configuration auto-enables it; running `start`, `bootstrap`, or `ladder`
   manually without `--verbose` yields far fewer records.
 - Fills are diffed from monotonic per-group `consumed`. A group first seen establishes a baseline and
@@ -643,11 +644,16 @@ and `ladder`; unknown keys at any level are rejected. Every supported key appear
 - `contracts`: `midnightAddress`, `loanAssetAddress`, `ratifierAddress`.
 - `apis`: `morphoBaseUrl`, `routerBaseUrl`.
 - `markets`: `allowlist`, `referenceMarketId`, `v0OfferGroupIds`.
-- `setup`: `nativeReserveWei`, `maximumLendExposureAssets`, `requestTimeoutMs`,
-  `transactionReceiptTimeoutMs`.
+- `setup`: `nativeReserveWei`, `requestTimeoutMs`, `transactionReceiptTimeoutMs`.
 - `bootstrap`: an ordered list of the exact per-market objects documented below.
 - `ladder`: an ordered list of the exact per-market objects documented below.
 
+`setup.maximumLendExposureAssets` was removed. Delete it from existing configuration files:
+unknown keys are rejected and the sanitized error does not name the offending key, so a stale entry
+crash-loops the bot at startup with no indication of which line is at fault. A stale
+`MAXIMUM_LEND_EXPOSURE_ASSETS` environment variable is inert and needs no action — the loader reads
+an allowlist and ignores anything outside it.
+
 Addresses and bytes32 IDs should be quoted YAML strings. Every integer field uses exact
 decimal-integer syntax: unsigned fields accept digits only, while `premiumBps`, `quotePremiumBps`,
 and `sizeSkewBps` additionally accept one leading minus. Exact raw-unit amounts may be quoted decimal
@@ -665,6 +671,15 @@ Setup verifies all of the following from the typed configuration:
 
 - Configured chain identity and configured Midnight bytecode.
 - Native reserve, loan-token allowance, and ratifier readiness for the configured maker address.
+  The allowance check requires an unbounded (`type(uint256).max`) approval to Midnight: an ERC-20
+  allowance is a cumulative lifetime spend budget, not an outstanding-exposure cap, so a finite
+  approval is consumed by ordinary relending and fails readiness. Exposure is bounded by maker
+  wallet funds and the strategy's `targetMarketExposureAssets` / `maximumTotalExposureAssets`.
+- Active maker offers: an offer on an unconfigured market, or a crossed/inverted book, fails
+  readiness. A live offer group the bot cannot attribute to itself is reported as `warning` and
+  does not block readiness — group ownership is a local durable record, so redeploying onto a fresh
+  filesystem orphans the bot's own groups, and halting on that cannot recover until every orphan
+  expires. Exposure is derived from live on-chain groups either way.
 - Maker/private-key agreement in write mode; only this signer-identity check is `not-required` with
   `--readonly`. Maker identity is reduced to configured/derived/matches status and the address is
   never included in operator output.
diff --git a/bots/quoter-bot/docker-compose.yml b/bots/quoter-bot/docker-compose.yml
index 46d326ae..9c43637f 100644
--- a/bots/quoter-bot/docker-compose.yml
+++ b/bots/quoter-bot/docker-compose.yml
@@ -18,7 +18,6 @@ services:
       REFERENCE_MARKET_ID: ${REFERENCE_MARKET_ID:-}
       V0_OFFER_GROUP_IDS: ${V0_OFFER_GROUP_IDS:-}
       NATIVE_RESERVE_WEI: ${NATIVE_RESERVE_WEI:?set NATIVE_RESERVE_WEI}
-      MAXIMUM_LEND_EXPOSURE_ASSETS: ${MAXIMUM_LEND_EXPOSURE_ASSETS:?set MAXIMUM_LEND_EXPOSURE_ASSETS}
       REQUEST_TIMEOUT_MS: ${REQUEST_TIMEOUT_MS:-10000}
       TRANSACTION_RECEIPT_TIMEOUT_MS: ${TRANSACTION_RECEIPT_TIMEOUT_MS:-180000}
       BOOTSTRAP_MARKETS: ${BOOTSTRAP_MARKETS:?set BOOTSTRAP_MARKETS}
diff --git a/bots/quoter-bot/docs/reference.md b/bots/quoter-bot/docs/reference.md
index 05f0c561..bdcc813b 100644
--- a/bots/quoter-bot/docs/reference.md
+++ b/bots/quoter-bot/docs/reference.md
@@ -346,7 +346,6 @@ unit; for six-decimal USDC, `101000000` is 101 USDC. No value is inferred from a
 | `REFERENCE_MARKET_ID`            | `markets.referenceMarketId`         | Required when the selected command has an active `variable_rate_avg` target. Must be a 0x-prefixed bytes32 Morpho Blue market ID.                                                                            |
 | `V0_OFFER_GROUP_IDS`             | `markets.v0OfferGroupIds`           | Optional comma-separated list of unique, explicitly strategy-owned bytes32 offer-group IDs; defaults to empty. Use it to adopt known pre-existing groups safely.                                             |
 | `NATIVE_RESERVE_WEI`             | `setup.nativeReserveWei`            | Required unsigned integer. Minimum maker native-token balance, in wei, required by readiness for transaction fees.                                                                                           |
-| `MAXIMUM_LEND_EXPOSURE_ASSETS`   | `setup.maximumLendExposureAssets`   | Required unsigned integer in raw loan-token units. Minimum maker allowance to Midnight required by readiness; it is not a strategy position cap.                                                             |
 | `REQUEST_TIMEOUT_MS`             | `setup.requestTimeoutMs`            | Optional provider-operation and aggregate pagination timeout in milliseconds. Defaults to `10000`; accepted range is `1` through `120000`.                                                                   |
 | `TRANSACTION_RECEIPT_TIMEOUT_MS` | `setup.transactionReceiptTimeoutMs` | Optional timeout for confirming an already-submitted transaction, in milliseconds. Defaults to `180000`; accepted range is `1` through `900000`.                                                             |
 | `BOOTSTRAP_MARKETS`              | `bootstrap`                         | Optional exact JSON array of position-bootstrap entries documented below; defaults to `[]` and replaces the complete YAML `bootstrap` list when supplied.                                                    |
@@ -474,7 +473,8 @@ human-scaled: a consumer resolves decimals from the `loanAsset` address shipped
 | `book.observed`                | A verbose ladder cycle observed post-check market state; one record per side, on every observed cycle                         | `marketId`, `side`, `state` (`quoting` \| `empty`), `rungs`, `totalAssets`, `bestRateBps?`, `worstRateBps?`, `centerRateBps?` (absent when no quote is active)                                                                                                         |
 | `offer.consumed`               | A group's monotonic `consumed` grew relative to the previous cycle                                                            | `marketId`, `side`, `consumedDeltaAssets`, `groupRateBps`, `remainingAssets`, `groupId` _(trace only)_                                                                                                                                                                 |
 | `transaction.settled`          | A submitted bootstrap or ladder transaction confirmed; `marketId` is absent for strategy-wide halt/invalidation cancellations | `workflow`, `marketId?`, `operation` (`cancel` \| `ratify` \| `publish`), `txHash` _(trace only)_                                                                                                                                                                      |
-| `setup.check-failed`           | One named readiness check failed; `observed`/`required` are typed `unknown` and are omitted                                   | `check`                                                                                                                                                                                                                                                                |
+| `setup.check-failed`           | One named readiness check failed, blocking readiness; `observed`/`required` are typed `unknown` and are omitted               | `check`, `status`                                                                                                                                                                                                                                                      |
+| `setup.check-warning`          | One named readiness check warned without blocking readiness; `observed`/`required` are likewise omitted                       | `check`, `status`                                                                                                                                                                                                                                                      |
 
 `bot.started`, `bot.stopped`, `bot.unexpected-error`, `heartbeat.failed`,
 `ladder.transaction-submitted`, `bootstrap.transaction-submitted`, and
@@ -538,8 +538,8 @@ only and cannot prove a particular market was read or quoted. The per-market `cy
 
 #### Known limits
 
-- **Verbose gating.** Everything beyond `cycle.completed`, `guardrail.halted`, `bot.failed`, and
-  `setup.check-failed` is projected from verbose diagnostics. Full shipping configuration
+- **Verbose gating.** Everything beyond `cycle.completed`, `guardrail.halted`, `bot.failed`,
+  `setup.check-failed`, and `setup.check-warning` is projected from verbose diagnostics. Full shipping configuration
   auto-enables `--verbose` for `start`, `bootstrap`, and `ladder`; an operator running those commands
   manually without `--verbose` gets far fewer records.
 - **Fill baseline.** `offer.consumed` is a cycle-over-cycle delta of monotonic per-group `consumed`,
@@ -590,11 +590,16 @@ and `ladder`; unknown keys at any level are rejected. Every supported key appear
 - `contracts`: `midnightAddress`, `loanAssetAddress`, `ratifierAddress`.
 - `apis`: `morphoBaseUrl`, `routerBaseUrl`.
 - `markets`: `allowlist`, `referenceMarketId`, `v0OfferGroupIds`.
-- `setup`: `nativeReserveWei`, `maximumLendExposureAssets`, `requestTimeoutMs`,
-  `transactionReceiptTimeoutMs`.
+- `setup`: `nativeReserveWei`, `requestTimeoutMs`, `transactionReceiptTimeoutMs`.
 - `bootstrap`: an ordered list of the exact per-market objects documented below.
 - `ladder`: an ordered list of the exact per-market objects documented below.
 
+`setup.maximumLendExposureAssets` was removed. Delete it from existing configuration files:
+unknown keys are rejected and the sanitized error does not name the offending key, so a stale entry
+crash-loops the bot at startup with no indication of which line is at fault. A stale
+`MAXIMUM_LEND_EXPOSURE_ASSETS` environment variable is inert and needs no action — the loader reads
+an allowlist and ignores anything outside it.
+
 Addresses and bytes32 IDs should be quoted YAML strings. Every integer field uses exact
 decimal-integer syntax: unsigned fields accept digits only, while `premiumBps`, `quotePremiumBps`,
 and `sizeSkewBps` additionally accept one leading minus. Exact raw-unit amounts may be quoted decimal
@@ -612,6 +617,15 @@ Setup verifies all of the following from the typed configuration:
 
 - Configured chain identity and configured Midnight bytecode.
 - Native reserve, loan-token allowance, and ratifier readiness for the configured maker address.
+  The allowance check requires an unbounded (`type(uint256).max`) approval to Midnight: an ERC-20
+  allowance is a cumulative lifetime spend budget, not an outstanding-exposure cap, so a finite
+  approval is consumed by ordinary relending and fails readiness. Exposure is bounded by maker
+  wallet funds and the strategy's `targetMarketExposureAssets` / `maximumTotalExposureAssets`.
+- Active maker offers: an offer on an unconfigured market, or a crossed/inverted book, fails
+  readiness. A live offer group the bot cannot attribute to itself is reported as `warning` and
+  does not block readiness — group ownership is a local durable record, so redeploying onto a fresh
+  filesystem orphans the bot's own groups, and halting on that cannot recover until every orphan
+  expires. Exposure is derived from live on-chain groups either way.
 - Maker/private-key agreement in write mode; only this signer-identity check is `not-required` with
   `--readonly`. Maker identity is reduced to configured/derived/matches status and the address is
   never included in operator output.
diff --git a/bots/quoter-bot/helm/quoter-bot/Chart.yaml b/bots/quoter-bot/helm/quoter-bot/Chart.yaml
index dc900137..6b40939e 100644
--- a/bots/quoter-bot/helm/quoter-bot/Chart.yaml
+++ b/bots/quoter-bot/helm/quoter-bot/Chart.yaml
@@ -7,7 +7,7 @@ description: >-
   Morpho Midnight maker bot: validates Base and Midnight setup, bootstraps target lending
   positions, and maintains two-sided rate ladders from one long-running container.
 type: application
-version: 0.1.0
+version: 0.2.0
 # Default image tag. The Docker Hub repository morphoorg/quoter publishes `latest` plus one
 # immutable tag per release commit hash; pin a commit tag through `image.tag` for reproducible
 # deployments.
diff --git a/bots/quoter-bot/helm/quoter-bot/README.md b/bots/quoter-bot/helm/quoter-bot/README.md
index b3ce5755..f174cc35 100644
--- a/bots/quoter-bot/helm/quoter-bot/README.md
+++ b/bots/quoter-bot/helm/quoter-bot/README.md
@@ -58,7 +58,6 @@ config:
     referenceMarketId: '0x7777777777777777777777777777777777777777777777777777777777777777'
   setup:
     nativeReserveWei: '10000000000000000'
-    maximumLendExposureAssets: '10000000000'
   bootstrap:
     - marketId: '0x5555555555555555555555555555555555555555555555555555555555555555'
       targetRate:
diff --git a/bots/quoter-bot/helm/quoter-bot/values.yaml b/bots/quoter-bot/helm/quoter-bot/values.yaml
index 8f60b9f4..ecba389a 100644
--- a/bots/quoter-bot/helm/quoter-bot/values.yaml
+++ b/bots/quoter-bot/helm/quoter-bot/values.yaml
@@ -94,7 +94,6 @@ config: {}
 #     referenceMarketId: '0x7777777777777777777777777777777777777777777777777777777777777777'
 #   setup:
 #     nativeReserveWei: '10000000000000000'
-#     maximumLendExposureAssets: '10000000000'
 #   bootstrap: []
 #   ladder:
 #     - marketId: '0x5555555555555555555555555555555555555555555555555555555555555555'
diff --git a/bots/quoter-bot/quoter-bot.example.yaml b/bots/quoter-bot/quoter-bot.example.yaml
index cefca4e4..7b4ef443 100644
--- a/bots/quoter-bot/quoter-bot.example.yaml
+++ b/bots/quoter-bot/quoter-bot.example.yaml
@@ -43,7 +43,6 @@ markets:
 
 setup:
   nativeReserveWei: '10000000000000000'
-  maximumLendExposureAssets: '10000000000'
   requestTimeoutMs: 10000
   transactionReceiptTimeoutMs: 180000
 
diff --git a/bots/quoter-bot/scripts/deploy-railway.ts b/bots/quoter-bot/scripts/deploy-railway.ts
index 513acc04..43fb7660 100644
--- a/bots/quoter-bot/scripts/deploy-railway.ts
+++ b/bots/quoter-bot/scripts/deploy-railway.ts
@@ -45,7 +45,6 @@ const requiredRuntimeVariableNames = [
   'MORPHO_API_BASE_URL',
   'MARKET_IDS',
   'NATIVE_RESERVE_WEI',
-  'MAXIMUM_LEND_EXPOSURE_ASSETS',
   'BOOTSTRAP_MARKETS',
   'LADDER_MARKETS'
 ] as const
diff --git a/bots/quoter-bot/src/application/monitoring/monitoring-event.ts b/bots/quoter-bot/src/application/monitoring/monitoring-event.ts
index a15837f6..a773a093 100644
--- a/bots/quoter-bot/src/application/monitoring/monitoring-event.ts
+++ b/bots/quoter-bot/src/application/monitoring/monitoring-event.ts
@@ -156,7 +156,8 @@ export type MonitoringEvent =
       operation: 'cancel' | 'ratify' | 'publish'
       txHash: Hex
     }
-  | { event: 'setup.check-failed'; check: string }
+  | { event: 'setup.check-failed'; check: string; status: 'failed' }
+  | { event: 'setup.check-warning'; check: string; status: 'warning' }
 
 /**
  * Event names that may be shipped to the log source.
@@ -184,7 +185,8 @@ const MONITORING_EVENT_NAMES = [
   'book.observed',
   'offer.consumed',
   'transaction.settled',
-  'setup.check-failed'
+  'setup.check-failed',
+  'setup.check-warning'
 ] as const satisfies readonly MonitoringEvent['event'][]
 
 type MissingFromAllowlist = Exclude<
diff --git a/bots/quoter-bot/src/application/monitoring/setup-monitoring.utils.ts b/bots/quoter-bot/src/application/monitoring/setup-monitoring.utils.ts
index 2ddb1ed1..a5810601 100644
--- a/bots/quoter-bot/src/application/monitoring/setup-monitoring.utils.ts
+++ b/bots/quoter-bot/src/application/monitoring/setup-monitoring.utils.ts
@@ -4,17 +4,25 @@ import type { MonitoringEvent } from './monitoring-event'
 /**
  * Projects one setup readiness report into flat monitoring records.
  * @param report - Complete readiness report from one setup check.
- * @returns One record per failed check, and a terminating cycle record carrying overall readiness.
- * @remarks A failed check contributes only its stable `check` name: `observed` and `required` are
- * typed `unknown` and routinely hold objects, which would violate the flat-scalar rule the event
- * contract relies on for grouping. `SetupCheck` carries no error classification, so no `errorName`
- * is emitted. Readiness itself is not a separate record: `cycle.completed` already carries it as
+ * @returns One `setup.check-failed` per failed check, one `setup.check-warning` per warning check,
+ * and a terminating cycle record carrying overall readiness. The two keep separate discriminators so
+ * a consumer alerting on the failure event never fires for a check that left readiness intact.
+ * @remarks A graded check contributes only its stable `check` name and `status`: `observed` and
+ * `required` are typed `unknown` and routinely hold objects, which would violate the flat-scalar
+ * rule the event contract relies on for grouping. `SetupCheck` carries no error classification, so
+ * no `errorName` is emitted. The `status` is load-bearing beyond grouping — the shipping logger
+ * derives its level from it, so a `failed` check is what raises the record naming the halt cause
+ * above `info`. Readiness itself is not a separate record: `cycle.completed` already carries it as
  * `status`, and emitting both would restate the same fact every minute.
  */
 export const setupMonitoringEvents = (report: SetupCheckReport): readonly MonitoringEvent[] => [
-  ...report.checks
-    .filter(check => check.status === 'failed')
-    .map((check): MonitoringEvent => ({ event: 'setup.check-failed', check: check.name })),
+  ...report.checks.flatMap((check): MonitoringEvent[] => {
+    if (check.status === 'failed')
+      return [{ event: 'setup.check-failed', check: check.name, status: 'failed' }]
+    if (check.status === 'warning')
+      return [{ event: 'setup.check-warning', check: check.name, status: 'warning' }]
+    return []
+  }),
   {
     event: 'cycle.completed',
     workflow: 'setup-check',
diff --git a/bots/quoter-bot/src/application/setup/setup-check.service.ts b/bots/quoter-bot/src/application/setup/setup-check.service.ts
index a01beaed..cd3f1a7b 100644
--- a/bots/quoter-bot/src/application/setup/setup-check.service.ts
+++ b/bots/quoter-bot/src/application/setup/setup-check.service.ts
@@ -1,6 +1,7 @@
 import type { Address, Hex } from 'viem'
 
 import { waitForMonitorInterval } from '@repo/monitoring'
+import { maxUint256 } from 'viem'
 
 import type { SupportedChainId } from '../../config/supported-chains.utils'
 
@@ -15,14 +16,23 @@ import {
   providerFailure,
   readOnlyMakerCheck,
   sameAddress,
-  setupResult
+  setupResult,
+  unsafeOffersStatus
 } from './setup-check.utils'
 import { SetupFailedError } from './setup-failed.error'
 import { SetupMonitorConfigurationError } from './setup-monitor-configuration.error'
 
+/**
+ * Allowance floor that readiness treats as unbounded. Exposure is bounded by maker funds, not by
+ * the approval, and FiatToken decrements even a `maxUint256` approval on every `transferFrom`, so
+ * readiness cannot compare against `maxUint256` itself.
+ * @see https://github.com/circlefin/stablecoin-evm/blob/master/contracts/v1/FiatTokenV1.sol
+ */
+const UNBOUNDED_ALLOWANCE_FLOOR = maxUint256 / 2n
+
 const SETUP_CHECK_MONITOR_INTERVAL_MS = 60_000
 const SETUP_CHECK_TRANSIENT_ATTEMPTS = 3
-type SetupCheckStatus = 'passed' | 'failed' | 'not-required'
+type SetupCheckStatus = 'passed' | 'failed' | 'warning' | 'not-required'
 
 /** Read-only operator instruction or exact transaction description; never executed by the checker. */
 export type SetupRemediation =
@@ -46,7 +56,7 @@ export type SetupCheck = {
     | 'reference'
     | 'offers'
     | 'position-health'
-  /** Whether the requirement passed, failed, or is intentionally outside the V0 scope. */
+  /** Whether the requirement passed, failed, warned without blocking readiness, or is outside V0 scope. */
   status: SetupCheckStatus
   /** Sanitized provider-derived value; URLs, credentials, and raw provider messages are excluded. */
   observed: unknown
@@ -107,8 +117,6 @@ export type SetupCheckConfig = {
   nativeReserve: bigint
   /** ERC-20 asset lent by every configured market. */
   loanAsset: Address
-  /** Minimum allowance granted to Midnight. */
-  maximumLendExposure: bigint
   /** Canonical SDK Ecrecover or Setter ratifier expected to authorize the maker. */
   ratifier: Address
   /** Non-empty set of Midnight market identifiers to validate concurrently. */
@@ -366,20 +374,20 @@ export class SetupCheckService {
         )
     const allowanceRequired = {
       spender: this.config.midnight,
-      minimum: this.config.maximumLendExposure
+      minimum: 'unbounded approval (type(uint256).max)'
     }
     const allowanceCheck = !allowance.ok
       ? providerFailure('loan-allowance', allowance.error, allowanceRequired)
       : setupResult(
           'loan-allowance',
           sameAddress(allowance.value.spender, this.config.midnight) &&
-            allowance.value.amount >= this.config.maximumLendExposure,
+            allowance.value.amount >= UNBOUNDED_ALLOWANCE_FLOOR,
           allowance.value,
           allowanceRequired,
           {
             to: this.config.loanAsset,
             functionName: 'approve',
-            args: [this.config.midnight, this.config.maximumLendExposure]
+            args: [this.config.midnight, maxUint256]
           }
         )
     const ratifierRequired = {
@@ -431,17 +439,15 @@ export class SetupCheckService {
               reference.value,
               referenceRequired
             )
-    const offersRequired = { unknownNamespaces: [], unknownMarketIds: [], invertedMarketIds: [] }
+    const offersRequired = { unknownMarketIds: [], invertedMarketIds: [] }
     const offersCheck = !offers.ok
       ? providerFailure('offers', offers.error, offersRequired)
-      : setupResult(
-          'offers',
-          offers.value.unknownNamespaces.length === 0 &&
-            offers.value.unknownMarketIds.length === 0 &&
-            offers.value.invertedMarketIds.length === 0,
-          offers.value,
-          offersRequired
-        )
+      : {
+          name: 'offers' as const,
+          status: unsafeOffersStatus(offers.value),
+          observed: offers.value,
+          required: offersRequired
+        }
     const positionCheck = !positionHealth.ok
       ? providerFailure('position-health', positionHealth.error, 'not-required for V0')
       : {
diff --git a/bots/quoter-bot/src/application/setup/setup-check.utils.ts b/bots/quoter-bot/src/application/setup/setup-check.utils.ts
index c837a4f6..31331b89 100644
--- a/bots/quoter-bot/src/application/setup/setup-check.utils.ts
+++ b/bots/quoter-bot/src/application/setup/setup-check.utils.ts
@@ -1,3 +1,5 @@
+import type { Hex } from 'viem'
+
 import { isAddress, isAddressEqual } from 'viem'
 
 import type { SafeProviderFailure } from './safe-provider.error'
@@ -230,6 +232,26 @@ export const setupResult = (
   ...(passed || !remediation ? {} : { remediation })
 })
 
+/**
+ * Grades inspected maker offers, separating unsafe books from unattributable groups.
+ * @param offers - Unknown namespaces, unconfigured markets, and crossed markets from one traversal.
+ * @returns `failed` for offers outside the bot's exposure model, `warning` for live groups it merely
+ * cannot attribute to itself, `passed` otherwise.
+ * @remarks Only markets drive readiness. Group ownership is a local durable record, so a redeploy
+ * onto a fresh filesystem orphans the bot's own live groups; halting on that cannot self-heal until
+ * every orphan expires. Downgrading to a warning is only safe because reservations count every live
+ * maker buy group rather than only attributed ones — see `ladderCashReservations` in
+ * `infrastructure/ladder/ladder-cash-reservation.utils.ts`.
+ */
+export const unsafeOffersStatus = (offers: {
+  unknownNamespaces: readonly string[]
+  unknownMarketIds: readonly Hex[]
+  invertedMarketIds: readonly Hex[]
+}): SetupCheck['status'] => {
+  if (offers.unknownMarketIds.length > 0 || offers.invertedMarketIds.length > 0) return 'failed'
+  return offers.unknownNamespaces.length > 0 ? 'warning' : 'passed'
+}
+
 /**
  * Builds a failed check from sanitized provider metadata.
  * @param name - Stable setup check name.
diff --git a/bots/quoter-bot/src/config/config-source.utils.ts b/bots/quoter-bot/src/config/config-source.utils.ts
index 2a5b8cf3..650022ff 100644
--- a/bots/quoter-bot/src/config/config-source.utils.ts
+++ b/bots/quoter-bot/src/config/config-source.utils.ts
@@ -73,7 +73,6 @@ const environmentKeys = [
   'MARKET_IDS',
   'REFERENCE_MARKET_ID',
   'NATIVE_RESERVE_WEI',
-  'MAXIMUM_LEND_EXPOSURE_ASSETS',
   'MORPHO_API_BASE_URL',
   'ROUTER_API_BASE_URL',
   'V0_OFFER_GROUP_IDS',
@@ -98,12 +97,7 @@ const yamlKeys = {
   contracts: ['midnightAddress', 'loanAssetAddress', 'ratifierAddress'],
   apis: ['morphoBaseUrl', 'routerBaseUrl'],
   markets: ['allowlist', 'referenceMarketId', 'v0OfferGroupIds'],
-  setup: [
-    'nativeReserveWei',
-    'maximumLendExposureAssets',
-    'requestTimeoutMs',
-    'transactionReceiptTimeoutMs'
-  ],
+  setup: ['nativeReserveWei', 'requestTimeoutMs', 'transactionReceiptTimeoutMs'],
   bootstrap: [
     'marketId',
     'targetRate',
@@ -173,7 +167,6 @@ const rejectUnsafeYamlNodes = (document: ReturnType<typeof parseDocument>) => {
 const yamlIntegerEnvironmentKeys = new Set([
   'CHAIN_ID',
   'NATIVE_RESERVE_WEI',
-  'MAXIMUM_LEND_EXPOSURE_ASSETS',
   'REQUEST_TIMEOUT_MS',
   'TRANSACTION_RECEIPT_TIMEOUT_MS'
 ])
@@ -257,7 +250,6 @@ const yamlSource = (input: unknown, readOnly: boolean): ConfigurationSource => {
   })
   mapGroup('setup', {
     nativeReserveWei: 'NATIVE_RESERVE_WEI',
-    maximumLendExposureAssets: 'MAXIMUM_LEND_EXPOSURE_ASSETS',
     requestTimeoutMs: 'REQUEST_TIMEOUT_MS',
     transactionReceiptTimeoutMs: 'TRANSACTION_RECEIPT_TIMEOUT_MS'
   })
@@ -371,7 +363,6 @@ const yamlEnvironmentPaths: Partial<
   MARKET_IDS: ['markets', 'allowlist'],
   REFERENCE_MARKET_ID: ['markets', 'referenceMarketId'],
   NATIVE_RESERVE_WEI: ['setup', 'nativeReserveWei'],
-  MAXIMUM_LEND_EXPOSURE_ASSETS: ['setup', 'maximumLendExposureAssets'],
   MORPHO_API_BASE_URL: ['apis', 'morphoBaseUrl'],
   ROUTER_API_BASE_URL: ['apis', 'routerBaseUrl'],
   V0_OFFER_GROUP_IDS: ['markets', 'v0OfferGroupIds'],
diff --git a/bots/quoter-bot/src/config/config.service.ts b/bots/quoter-bot/src/config/config.service.ts
index 2c25e173..4e2a3c6f 100644
--- a/bots/quoter-bot/src/config/config.service.ts
+++ b/bots/quoter-bot/src/config/config.service.ts
@@ -105,7 +105,6 @@ export class ConfigService {
         midnight: addressValue(environment, 'MIDNIGHT_ADDRESS'),
         nativeReserve: unsignedBigIntValue(environment, 'NATIVE_RESERVE_WEI'),
         loanAsset: addressValue(environment, 'LOAN_ASSET_ADDRESS'),
-        maximumLendExposure: unsignedBigIntValue(environment, 'MAXIMUM_LEND_EXPOSURE_ASSETS'),
         ratifier: addressValue(environment, 'RATIFIER_ADDRESS'),
         marketIds,
         referenceMarketId: optionalBytes32Value(environment, 'REFERENCE_MARKET_ID')
diff --git a/bots/quoter-bot/src/infrastructure/bootstrap/bootstrap-groups.utils.ts b/bots/quoter-bot/src/infrastructure/bootstrap/bootstrap-groups.utils.ts
index bc0e3aeb..8c098f2a 100644
--- a/bots/quoter-bot/src/infrastructure/bootstrap/bootstrap-groups.utils.ts
+++ b/bots/quoter-bot/src/infrastructure/bootstrap/bootstrap-groups.utils.ts
@@ -266,27 +266,21 @@ export const bootstrapGroupRateBps = (parameters: {
     : 0n
 
 /**
- * Totals the unfilled cash reserve of every distinct explicitly owned buy group.
+ * Totals the unfilled cash reserve of every distinct live buy group.
  * @param groups - Canonical maker groups, which may contain one projection per offer market.
- * @param ownedGroupIds - Durable explicit ownership candidates for this strategy.
  * @param excludedGroupIds - Groups being replaced and therefore not reserved alongside the new offer.
- * @returns Aggregate remaining loan assets reserved by distinct owned buy groups.
+ * @returns Aggregate remaining loan assets reserved by distinct live buy groups.
+ * @remarks Attribution deliberately does not filter this total; see `ladderCashReservations` in
+ * `../ladder/ladder-cash-reservation.utils.ts` for why exposure counts every live maker buy group.
  */
 export const bootstrapReservedLoanAssets = (
   groups: readonly BootstrapRawGroup[],
-  ownedGroupIds: readonly Hex[],
   excludedGroupIds: ReadonlySet<Hex> = new Set()
 ) => {
-  const ownedGroups = new Set(ownedGroupIds)
   return [
     ...new Map(
       groups
-        .filter(
-          group =>
-            ownedGroups.has(group.id) &&
-            !excludedGroupIds.has(group.id) &&
-            group.offers.some(offer => offer.buy)
-        )
+        .filter(group => !excludedGroupIds.has(group.id) && group.offers.some(offer => offer.buy))
         .map(group => [group.id, group])
     ).values()
   ]
diff --git a/bots/quoter-bot/src/infrastructure/bootstrap/production-bootstrap.ts b/bots/quoter-bot/src/infrastructure/bootstrap/production-bootstrap.ts
index 0dc37860..fd2a5fa2 100644
--- a/bots/quoter-bot/src/infrastructure/bootstrap/production-bootstrap.ts
+++ b/bots/quoter-bot/src/infrastructure/bootstrap/production-bootstrap.ts
@@ -385,15 +385,9 @@ export const createProductionBootstrapAdapters = (
     return {
       activeGroups: [...project(strategyBootstrapGroups(groups, ownedIds), true), ...pendingGroups],
       cashReservations: [
-        ...project(
-          strategyBootstrapGroups(
-            groups,
-            ladderPublications.flatMap(publication =>
-              publication.groups.map(group => group.groupId)
-            )
-          ),
-          false
-        ),
+        // Every live buy group, attributed or not: the caller removes this strategy's own active
+        // groups, so anything left still commits maker cash. See `ladderCashReservations`.
+        ...project(groups, false),
         ...pendingLadderBuyReservations(groups, ladderPublications).flatMap(reservation =>
           reservation.marketIds.map(marketId => ({
             id: reservation.id,
@@ -542,7 +536,7 @@ export const createProductionBootstrapAdapters = (
           validation: { apiUrl: `${config.morphoApiBaseUrl}/v0/midnight` },
           loanToken: config.setup.loanAsset,
           loanAssets: offer.assets,
-          reservedLoanAssets: bootstrapReservedLoanAssets(groups, ownedIds, replacedGroupIds)
+          reservedLoanAssets: bootstrapReservedLoanAssets(groups, replacedGroupIds)
         })
       )
     )
diff --git a/bots/quoter-bot/src/infrastructure/ladder/ladder-cash-reservation.utils.ts b/bots/quoter-bot/src/infrastructure/ladder/ladder-cash-reservation.utils.ts
index fec38448..e6828e49 100644
--- a/bots/quoter-bot/src/infrastructure/ladder/ladder-cash-reservation.utils.ts
+++ b/bots/quoter-bot/src/infrastructure/ladder/ladder-cash-reservation.utils.ts
@@ -37,29 +37,28 @@ export const pendingLadderBuyReservations = (
 
 /**
  * Combines indexed and persisted cross-strategy buy reservations for ladder sizing.
- * @param parameters - API groups, durable ownership, bootstrap intents, and replaced ladder IDs.
+ * @param parameters - API groups, ladder publications, bootstrap intents, and replaced ladder IDs.
  * @returns One reservation per group, including groups still awaiting API indexing.
- * @remarks Current-market groups being replaced are excluded; all other owned buys remain reserved.
+ * @remarks Every live maker buy group reserves, attributed to this strategy or not: the groups come
+ * from the maker's own book, so each one commits maker cash whether or not durable ownership still
+ * records it. Reserving only attributed groups would let a lost ownership store hide live
+ * commitments and size fresh offers past the configured exposure caps. Ownership still gates
+ * reconciliation, cancellation, and replacement; it must not gate exposure. Current-market groups
+ * being replaced are excluded.
  */
 export const ladderCashReservations = (parameters: {
   groups: readonly BootstrapRawGroup[]
   publications: readonly OwnedLadderPublication[]
-  bootstrapGroupIds: readonly Hex[]
   bootstrapOffers: readonly BootstrapOfferIntent[]
   replacedGroupIds: ReadonlySet<Hex>
   ignoredGroupIds?: ReadonlySet<Hex>
 }): LadderCashReservation[] => {
-  const ladderGroupIds = parameters.publications.flatMap(publication =>
-    publication.groups.map(group => group.groupId)
-  )
-  const owned = new Set([...parameters.bootstrapGroupIds, ...ladderGroupIds])
   const indexedIds = new Set(parameters.groups.map(group => group.id))
   const reservations = new Map<Hex, LadderCashReservation>()
 
   for (const group of parameters.groups) {
     if (
       reservations.has(group.id) ||
-      !owned.has(group.id) ||
       parameters.ignoredGroupIds?.has(group.id) ||
       parameters.replacedGroupIds.has(group.id)
     ) {
diff --git a/bots/quoter-bot/src/infrastructure/ladder/production-ladder.ts b/bots/quoter-bot/src/infrastructure/ladder/production-ladder.ts
index f9c0e8df..c2cedec0 100644
--- a/bots/quoter-bot/src/infrastructure/ladder/production-ladder.ts
+++ b/bots/quoter-bot/src/infrastructure/ladder/production-ladder.ts
@@ -418,7 +418,6 @@ export const createProductionLadderAdapters = (
       const reservations = ladderCashReservations({
         groups,
         publications,
-        bootstrapGroupIds,
         bootstrapOffers: pendingBootstrapOffers,
         replacedGroupIds,
         ignoredGroupIds: removedGroupTombstones
diff --git a/bots/quoter-bot/test/application/monitoring/monitoring-projection.utils.test.ts b/bots/quoter-bot/test/application/monitoring/monitoring-projection.utils.test.ts
index 00fd2aec..57c277b5 100644
--- a/bots/quoter-bot/test/application/monitoring/monitoring-projection.utils.test.ts
+++ b/bots/quoter-bot/test/application/monitoring/monitoring-projection.utils.test.ts
@@ -44,7 +44,11 @@ describe('createMonitoringProjection', () => {
   test('reports each failed readiness check without leaking its unknown-typed observation', () => {
     const events = createMonitoringProjection().setup(readyReport)
 
-    expect(events).toContainEqual({ event: 'setup.check-failed', check: 'native-balance' })
+    expect(events).toContainEqual({
+      event: 'setup.check-failed',
+      check: 'native-balance',
+      status: 'failed'
+    })
     expect(events).toContainEqual({
       event: 'cycle.completed',
       workflow: 'setup-check',
@@ -54,6 +58,30 @@ describe('createMonitoringProjection', () => {
     expect(JSON.stringify(events)).not.toContain('required')
   })
 
+  test('keeps a non-blocking warning off the failure discriminator', () => {
+    const warningReport: SetupCheckReport = {
+      ready: true,
+      checks: [
+        { name: 'offers', status: 'warning', observed: {}, required: {} },
+        { name: 'chain', status: 'passed', observed: 8453, required: 8453 }
+      ]
+    }
+
+    const events = createMonitoringProjection().setup(warningReport)
+
+    expect(events).toContainEqual({
+      event: 'setup.check-warning',
+      check: 'offers',
+      status: 'warning'
+    })
+    expect(events.filter(event => event.event === 'setup.check-failed')).toHaveLength(0)
+    expect(events).toContainEqual({
+      event: 'cycle.completed',
+      workflow: 'setup-check',
+      status: 'ready'
+    })
+  })
+
   test('reports a spread rejection only for an actual cross-book rejection', () => {
     const failure = (adapterOperation?: string) => [
       {
diff --git a/bots/quoter-bot/test/application/monitoring/terminal-monitoring.utils.test.ts b/bots/quoter-bot/test/application/monitoring/terminal-monitoring.utils.test.ts
index 286ee365..fab5cb01 100644
--- a/bots/quoter-bot/test/application/monitoring/terminal-monitoring.utils.test.ts
+++ b/bots/quoter-bot/test/application/monitoring/terminal-monitoring.utils.test.ts
@@ -21,7 +21,11 @@ describe('terminalMonitoringEvents', () => {
       reason: 'setup-failed',
       errorName: 'SetupFailedError'
     })
-    expect(events).toContainEqual({ event: 'setup.check-failed', check: 'loan-allowance' })
+    expect(events).toContainEqual({
+      event: 'setup.check-failed',
+      check: 'loan-allowance',
+      status: 'failed'
+    })
     expect(events).not.toContainEqual(expect.objectContaining({ check: 'chain' }))
   })
 
diff --git a/bots/quoter-bot/test/application/setup/setup-check.service.test.ts b/bots/quoter-bot/test/application/setup/setup-check.service.test.ts
index 02d55d2c..587f65a3 100644
--- a/bots/quoter-bot/test/application/setup/setup-check.service.test.ts
+++ b/bots/quoter-bot/test/application/setup/setup-check.service.test.ts
@@ -1,5 +1,6 @@
 import type { Hex } from 'viem'
 
+import { maxUint256 } from 'viem'
 import { describe, expect, test } from 'vitest'
 
 import { SafeProviderError } from '../../../src/application/setup/safe-provider.error'
@@ -30,7 +31,6 @@ const config: SetupCheckConfig = {
   midnight,
   nativeReserve: 10n,
   loanAsset,
-  maximumLendExposure: 100n,
   ratifier,
   marketIds: [marketId],
   referenceMarketId
@@ -43,7 +43,7 @@ const readyState = (): SetupStateService => {
     getCode: async () => '0x1234',
     getDerivedMaker: async () => maker,
     getNativeBalance: async () => 10n,
-    getLoanAllowance: async () => ({ spender: midnight, amount: 100n }),
+    getLoanAllowance: async () => ({ spender: midnight, amount: maxUint256 }),
     getRatifier: async () => ({
       listed: true,
       deployed: true,
@@ -591,7 +591,7 @@ describe('SetupCheckService', () => {
     }
     state.getLoanAllowance = async () => {
       reads.push('loan-allowance')
-      return { spender: midnight, amount: 100n }
+      return { spender: midnight, amount: maxUint256 }
     }
     state.getRatifier = async () => {
       reads.push('ratifier')
@@ -850,7 +850,7 @@ describe('SetupCheckService', () => {
     state.getCode = () => wait('code', '0x1234')
     state.getDerivedMaker = () => wait('maker', maker)
     state.getNativeBalance = () => wait('balance', 10n)
-    state.getLoanAllowance = () => wait('allowance', { spender: midnight, amount: 100n })
+    state.getLoanAllowance = () => wait('allowance', { spender: midnight, amount: maxUint256 })
     state.getRatifier = () =>
       wait('ratifier', {
         listed: true,
@@ -995,6 +995,69 @@ describe('SetupCheckService', () => {
     )
   })
 
+  test('keeps an unbounded approval ready after fills have decremented it', async () => {
+    const state = readyState()
+    state.getLoanAllowance = async () => ({
+      spender: midnight,
+      amount: maxUint256 - 26_780_747_345n
+    })
+
+    const report = await new SetupCheckService(state, config).check()
+
+    expect(report.checks.find(check => check.name === 'loan-allowance')?.status).toBe('passed')
+  })
+
+  test('fails any finite approval and remediates with an unbounded one', async () => {
+    const state = readyState()
+    state.getLoanAllowance = async () => ({ spender: midnight, amount: 16_000_000_000n })
+
+    const report = await new SetupCheckService(state, config).check()
+
+    expect(report.checks.find(check => check.name === 'loan-allowance')).toMatchObject({
+      status: 'failed',
+      remediation: { functionName: 'approve', args: [midnight, maxUint256] }
+    })
+  })
+
+  test('pins the unbounded floor at half of maxUint256', async () => {
+    const statusFor = async (amount: bigint) => {
+      const state = readyState()
+      state.getLoanAllowance = async () => ({ spender: midnight, amount })
+      const report = await new SetupCheckService(state, config).check()
+      return report.checks.find(check => check.name === 'loan-allowance')?.status
+    }
+
+    expect(await statusFor(maxUint256 / 2n)).toBe('passed')
+    expect(await statusFor(maxUint256 / 2n - 1n)).toBe('failed')
+  })
+
+  test('warns without blocking readiness when a live group cannot be attributed', async () => {
+    const state = readyState()
+    state.inspectOffers = async () => ({
+      unknownNamespaces: [`0x${'ab'.repeat(32)}`],
+      unknownMarketIds: [],
+      invertedMarketIds: []
+    })
+
+    const report = await new SetupCheckService(state, config).check()
+
+    expect(report.checks.find(check => check.name === 'offers')?.status).toBe('warning')
+    expect(report.ready).toBe(true)
+  })
+
+  test.each([
+    ['unknownMarketIds', { unknownMarketIds: [secondMarketId], invertedMarketIds: [] }],
+    ['invertedMarketIds', { unknownMarketIds: [], invertedMarketIds: [marketId] }]
+  ])('fails readiness for offers outside the exposure model via %s', async (_name, unsafe) => {
+    const state = readyState()
+    state.inspectOffers = async () => ({ unknownNamespaces: [], ...unsafe })
+
+    const report = await new SetupCheckService(state, config).check()
+
+    expect(report.checks.find(check => check.name === 'offers')?.status).toBe('failed')
+    expect(report.ready).toBe(false)
+  })
+
   test('reports every unsafe book property so the operator can remediate it', async () => {
     const state = readyState()
     state.getBook = async id => ({
@@ -1041,7 +1104,7 @@ describe('SetupCheckService', () => {
     expect(report.checks.find(check => check.name === 'loan-allowance')?.remediation).toEqual({
       to: loanAsset,
       functionName: 'approve',
-      args: [midnight, 100n]
+      args: [midnight, maxUint256]
     })
     expect(report.checks.find(check => check.name === 'ratifier')?.remediation).toBe(
       'authorize the configured maker with the selected ratifier'
diff --git a/bots/quoter-bot/test/bootstrap.test.ts b/bots/quoter-bot/test/bootstrap.test.ts
index 50180cc2..f5e42c67 100644
--- a/bots/quoter-bot/test/bootstrap.test.ts
+++ b/bots/quoter-bot/test/bootstrap.test.ts
@@ -4,6 +4,7 @@ import { mkdtemp, rm, writeFile } from 'node:fs/promises'
 import { tmpdir } from 'node:os'
 import { join } from 'node:path'
 import { setTimeout as sleep } from 'node:timers/promises'
+import { maxUint256 } from 'viem'
 import { describe, expect, test, vi } from 'vitest'
 
 import type {
@@ -33,7 +34,6 @@ const environment = {
   MARKET_IDS: marketId,
   REFERENCE_MARKET_ID: referenceMarketId,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example'
 }
@@ -75,7 +75,7 @@ const readyState = (): SetupStateService => {
     getCode: async () => '0x1234',
     getDerivedMaker: async () => maker,
     getNativeBalance: async () => 10n,
-    getLoanAllowance: async () => ({ spender: midnight, amount: 100n }),
+    getLoanAllowance: async () => ({ spender: midnight, amount: maxUint256 }),
     getRatifier: async () => ({
       listed: true,
       deployed: true,
@@ -233,7 +233,7 @@ describe('createApplication', () => {
       const configPath = join(directory, 'operator.yaml')
       await writeFile(
         configPath,
-        `chain:\n  id: 8453\n  rpcUrl: https://rpc.example\n  archiveRpcUrl: https://archive.example\nidentity:\n  makerAddress: ${maker}\n  keyStorageMethod: keystore\n  keystorePath: /yaml/maker.json\n  ${yamlPasswordMode}\ncontracts:\n  midnightAddress: ${midnight}\n  loanAssetAddress: ${loanAsset}\n  ratifierAddress: ${ratifier}\napis:\n  morphoBaseUrl: https://api.example\n  routerBaseUrl: https://router.example\nmarkets:\n  allowlist: [${marketId}]\n  referenceMarketId: ${referenceMarketId}\nsetup:\n  nativeReserveWei: 10\n  maximumLendExposureAssets: 100\n`
+        `chain:\n  id: 8453\n  rpcUrl: https://rpc.example\n  archiveRpcUrl: https://archive.example\nidentity:\n  makerAddress: ${maker}\n  keyStorageMethod: keystore\n  keystorePath: /yaml/maker.json\n  ${yamlPasswordMode}\ncontracts:\n  midnightAddress: ${midnight}\n  loanAssetAddress: ${loanAsset}\n  ratifierAddress: ${ratifier}\napis:\n  morphoBaseUrl: https://api.example\n  routerBaseUrl: https://router.example\nmarkets:\n  allowlist: [${marketId}]\n  referenceMarketId: ${referenceMarketId}\nsetup:\n  nativeReserveWei: 10\n`
       )
       let password: string | undefined
       try {
@@ -1512,7 +1512,6 @@ markets:
   referenceMarketId: "${referenceMarketId}"
 setup:
   nativeReserveWei: "10"
-  maximumLendExposureAssets: "100"
 `
     try {
       await writeFile(join(directory, 'quoter-bot.yml'), configuration)
diff --git a/bots/quoter-bot/test/config/config-loading.test.ts b/bots/quoter-bot/test/config/config-loading.test.ts
index e3f2b56e..9ec7e2da 100644
--- a/bots/quoter-bot/test/config/config-loading.test.ts
+++ b/bots/quoter-bot/test/config/config-loading.test.ts
@@ -29,7 +29,6 @@ const environment = {
   MARKET_IDS: marketId,
   REFERENCE_MARKET_ID: referenceMarketId,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.env.example',
   ROUTER_API_BASE_URL: 'https://router.env.example'
 }
@@ -97,7 +96,6 @@ markets:
   v0OfferGroupIds: []
 setup:
   nativeReserveWei: "10"
-  maximumLendExposureAssets: "100"
   requestTimeoutMs: 10000
   transactionReceiptTimeoutMs: 180000
 bootstrap:
diff --git a/bots/quoter-bot/test/config/config-private-key.test.ts b/bots/quoter-bot/test/config/config-private-key.test.ts
index 6655ef54..42f8c2d7 100644
--- a/bots/quoter-bot/test/config/config-private-key.test.ts
+++ b/bots/quoter-bot/test/config/config-private-key.test.ts
@@ -17,7 +17,6 @@ const environment = {
   MARKET_IDS: `0x${'55'.repeat(32)}`,
   REFERENCE_MARKET_ID: `0x${'77'.repeat(32)}`,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example',
   V0_OFFER_GROUP_IDS: `0x${'66'.repeat(32)}`
diff --git a/bots/quoter-bot/test/config/config.service.test.ts b/bots/quoter-bot/test/config/config.service.test.ts
index d1e57b27..f8ce1c09 100644
--- a/bots/quoter-bot/test/config/config.service.test.ts
+++ b/bots/quoter-bot/test/config/config.service.test.ts
@@ -25,7 +25,6 @@ const environment = {
   MARKET_IDS: marketId,
   REFERENCE_MARKET_ID: referenceMarketId,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example',
   V0_OFFER_GROUP_IDS: groupId
@@ -66,7 +65,6 @@ describe('ConfigService', () => {
       midnight: environment.MIDNIGHT_ADDRESS,
       nativeReserve: 10n,
       loanAsset: environment.LOAN_ASSET_ADDRESS,
-      maximumLendExposure: 100n,
       ratifier: environment.RATIFIER_ADDRESS,
       marketIds: [marketId],
       referenceMarketId
diff --git a/bots/quoter-bot/test/config/key-storage.test.ts b/bots/quoter-bot/test/config/key-storage.test.ts
index 74f55dea..7fdd86ff 100644
--- a/bots/quoter-bot/test/config/key-storage.test.ts
+++ b/bots/quoter-bot/test/config/key-storage.test.ts
@@ -19,14 +19,13 @@ const baseEnvironment = {
   MARKET_IDS: `0x${'55'.repeat(32)}`,
   REFERENCE_MARKET_ID: `0x${'77'.repeat(32)}`,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example'
 }
 const directories: string[] = []
 
 const configurationYaml = (identity: string) =>
-  `chain:\n  id: 8453\n  rpcUrl: https://yaml-rpc.example\n  archiveRpcUrl: https://archive.example\nidentity:\n${identity}\ncontracts:\n  midnightAddress: 0x2222222222222222222222222222222222222222\n  loanAssetAddress: 0x3333333333333333333333333333333333333333\n  ratifierAddress: 0x4444444444444444444444444444444444444444\napis:\n  morphoBaseUrl: https://api.example\n  routerBaseUrl: https://router.example\nmarkets:\n  allowlist: [0x${'55'.repeat(32)}]\n  referenceMarketId: 0x${'77'.repeat(32)}\nsetup:\n  nativeReserveWei: 10\n  maximumLendExposureAssets: 100\n`
+  `chain:\n  id: 8453\n  rpcUrl: https://yaml-rpc.example\n  archiveRpcUrl: https://archive.example\nidentity:\n${identity}\ncontracts:\n  midnightAddress: 0x2222222222222222222222222222222222222222\n  loanAssetAddress: 0x3333333333333333333333333333333333333333\n  ratifierAddress: 0x4444444444444444444444444444444444444444\napis:\n  morphoBaseUrl: https://api.example\n  routerBaseUrl: https://router.example\nmarkets:\n  allowlist: [0x${'55'.repeat(32)}]\n  referenceMarketId: 0x${'77'.repeat(32)}\nsetup:\n  nativeReserveWei: 10\n`
 
 afterEach(async () => {
   vi.restoreAllMocks()
@@ -271,7 +270,7 @@ describe('maker key storage configuration', () => {
     const path = join(directory, 'operator.yaml')
     await writeFile(
       path,
-      `chain:\n  id: 8453\n  rpcUrl: https://yaml-rpc.example\n  archiveRpcUrl: https://archive.example\nidentity:\n  makerAddress: 0x19E7E376E7C213B7E7e7e46cc70A5dD086DAff2A\n  keyStorageMethod: private-key\n  makerPrivateKey: ${privateKey}\ncontracts:\n  midnightAddress: 0x2222222222222222222222222222222222222222\n  loanAssetAddress: 0x3333333333333333333333333333333333333333\n  ratifierAddress: 0x4444444444444444444444444444444444444444\napis:\n  morphoBaseUrl: https://api.example\n  routerBaseUrl: https://router.example\nmarkets:\n  allowlist: [0x${'55'.repeat(32)}]\n  referenceMarketId: 0x${'77'.repeat(32)}\nsetup:\n  nativeReserveWei: 10\n  maximumLendExposureAssets: 100\n`
+      `chain:\n  id: 8453\n  rpcUrl: https://yaml-rpc.example\n  archiveRpcUrl: https://archive.example\nidentity:\n  makerAddress: 0x19E7E376E7C213B7E7e7e46cc70A5dD086DAff2A\n  keyStorageMethod: private-key\n  makerPrivateKey: ${privateKey}\ncontracts:\n  midnightAddress: 0x2222222222222222222222222222222222222222\n  loanAssetAddress: 0x3333333333333333333333333333333333333333\n  ratifierAddress: 0x4444444444444444444444444444444444444444\napis:\n  morphoBaseUrl: https://api.example\n  routerBaseUrl: https://router.example\nmarkets:\n  allowlist: [0x${'55'.repeat(32)}]\n  referenceMarketId: 0x${'77'.repeat(32)}\nsetup:\n  nativeReserveWei: 10\n`
     )
     const config = await ConfigService.load(
       {
diff --git a/bots/quoter-bot/test/config/ladder-config.test.ts b/bots/quoter-bot/test/config/ladder-config.test.ts
index 97742c23..84fa82c9 100644
--- a/bots/quoter-bot/test/config/ladder-config.test.ts
+++ b/bots/quoter-bot/test/config/ladder-config.test.ts
@@ -22,7 +22,6 @@ const baseEnvironment = {
   MARKET_IDS: marketId,
   REFERENCE_MARKET_ID: `0x${'77'.repeat(32)}`,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example'
 }
diff --git a/bots/quoter-bot/test/e2e/constants.ts b/bots/quoter-bot/test/e2e/constants.ts
index fee98bcd..e8278436 100644
--- a/bots/quoter-bot/test/e2e/constants.ts
+++ b/bots/quoter-bot/test/e2e/constants.ts
@@ -39,5 +39,4 @@ export const MARKET = {
 } as const
 
 export const MAKER_USDC_BALANCE = parseUnits('1000000', 6)
-export const MAXIMUM_LEND_EXPOSURE = parseUnits('100000', 6)
 export const NATIVE_RESERVE = parseEther('1')
diff --git a/bots/quoter-bot/test/e2e/quoter-bot.fork.e2e.test.ts b/bots/quoter-bot/test/e2e/quoter-bot.fork.e2e.test.ts
index f952154a..b21c18ce 100644
--- a/bots/quoter-bot/test/e2e/quoter-bot.fork.e2e.test.ts
+++ b/bots/quoter-bot/test/e2e/quoter-bot.fork.e2e.test.ts
@@ -19,7 +19,6 @@ import {
   ANVIL_DEFAULT_PRIVATE_KEY,
   ECRECOVER_RATIFIER,
   MARKET_ID,
-  MAXIMUM_LEND_EXPOSURE,
   MIDNIGHT,
   NATIVE_RESERVE,
   REFERENCE_MARKET_ID,
@@ -91,7 +90,6 @@ const environment = (rpcUrl: string, apiBaseUrl: string) => ({
   MARKET_IDS: MARKET_ID,
   REFERENCE_MARKET_ID,
   NATIVE_RESERVE_WEI: String(NATIVE_RESERVE),
-  MAXIMUM_LEND_EXPOSURE_ASSETS: String(MAXIMUM_LEND_EXPOSURE),
   MORPHO_API_BASE_URL: apiBaseUrl,
   ROUTER_API_BASE_URL: apiBaseUrl,
   REQUEST_TIMEOUT_MS: '30000',
diff --git a/bots/quoter-bot/test/e2e/setup-api.ts b/bots/quoter-bot/test/e2e/setup-api.ts
index 1c53704b..75d12db1 100644
--- a/bots/quoter-bot/test/e2e/setup-api.ts
+++ b/bots/quoter-bot/test/e2e/setup-api.ts
@@ -40,7 +40,9 @@ const route = (request: Request) => {
                 max_assets: '1',
                 offers: [
                   {
-                    market_id: MARKET_ID,
+                    // Unconfigured market: outside the bot's exposure model, so readiness must fail
+                    // rather than warn the way an unattributable group on a configured market does.
+                    market_id: `0x${'cd'.repeat(32)}`,
                     maker: ANVIL_DEFAULT_ACCOUNT.address,
                     buy: true,
                     tick: 100,
diff --git a/bots/quoter-bot/test/e2e/setup-check.e2e.test.ts b/bots/quoter-bot/test/e2e/setup-check.e2e.test.ts
index fe600091..70d8a01a 100644
--- a/bots/quoter-bot/test/e2e/setup-check.e2e.test.ts
+++ b/bots/quoter-bot/test/e2e/setup-check.e2e.test.ts
@@ -16,7 +16,6 @@ import {
   ECRECOVER_RATIFIER,
   MAKER_USDC_BALANCE,
   MARKET_ID,
-  MAXIMUM_LEND_EXPOSURE,
   MIDNIGHT,
   NATIVE_RESERVE,
   REFERENCE_MARKET_ID,
@@ -45,7 +44,6 @@ const environment = (rpcUrl: string, apiBaseUrl: string) => ({
   MARKET_IDS: MARKET_ID,
   REFERENCE_MARKET_ID,
   NATIVE_RESERVE_WEI: String(NATIVE_RESERVE),
-  MAXIMUM_LEND_EXPOSURE_ASSETS: String(MAXIMUM_LEND_EXPOSURE),
   MORPHO_API_BASE_URL: apiBaseUrl,
   REQUEST_TIMEOUT_MS: '30000'
 })
diff --git a/bots/quoter-bot/test/infrastructure/bootstrap/bootstrap-position.service.test.ts b/bots/quoter-bot/test/infrastructure/bootstrap/bootstrap-position.service.test.ts
index b535d56c..6e57148e 100644
--- a/bots/quoter-bot/test/infrastructure/bootstrap/bootstrap-position.service.test.ts
+++ b/bots/quoter-bot/test/infrastructure/bootstrap/bootstrap-position.service.test.ts
@@ -317,4 +317,27 @@ describe('MidnightBootstrapPositionService', () => {
     expect(position.maturityTimestamp).toBe(1_000n)
     expect(position.observedTimestamp).toBe(1_200n)
   })
+
+  test('counts an unattributed live buy group toward reserved cash and exposure', async () => {
+    const orphanGroup: Hex = `0x${'66'.repeat(32)}`
+    const service = new MidnightBootstrapPositionService(
+      {
+        readPositions: async () => [{ marketId, credit: 0n, debt: 0n }],
+        readCashBalance: async () => 100n,
+        readMarketContinuousFeeCap: async () => 17n,
+        readMarketMaturity: async () => ({ maturityTimestamp: 2_000n, observedTimestamp: 1_000n }),
+        readGroupInventory: async () => ({
+          activeGroups: [],
+          cashReservations: [{ id: orphanGroup, marketId, assets: 30n, rateBps: 500n }]
+        })
+      },
+      maker
+    )
+
+    const position = await service.readPosition(marketId)
+
+    expect(position.cashBalance).toBe(70n)
+    expect(position.marketExposure).toBe(30n)
+    expect(position.totalExposure).toBe(30n)
+  })
 })
diff --git a/bots/quoter-bot/test/infrastructure/bootstrap/production-bootstrap.test.ts b/bots/quoter-bot/test/infrastructure/bootstrap/production-bootstrap.test.ts
index 4c652593..333fae94 100644
--- a/bots/quoter-bot/test/infrastructure/bootstrap/production-bootstrap.test.ts
+++ b/bots/quoter-bot/test/infrastructure/bootstrap/production-bootstrap.test.ts
@@ -182,7 +182,6 @@ describe('createProductionBootstrapAdapters', () => {
         MARKET_IDS: marketId,
         REFERENCE_MARKET_ID: secondMarketId,
         NATIVE_RESERVE_WEI: '10',
-        MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
         MORPHO_API_BASE_URL: 'https://api.example',
         ROUTER_API_BASE_URL: 'https://router.example',
         BOOTSTRAP_MARKETS: JSON.stringify([
@@ -227,7 +226,6 @@ describe('createProductionBootstrapAdapters', () => {
       MARKET_IDS: marketId,
       REFERENCE_MARKET_ID: secondMarketId,
       NATIVE_RESERVE_WEI: '10',
-      MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
       MORPHO_API_BASE_URL: 'https://api.example',
       ROUTER_API_BASE_URL: 'https://router.example'
     })
@@ -755,8 +753,8 @@ describe('readBootstrapGroups', () => {
       }
     )
 
-    expect(bootstrapReservedLoanAssets(groups, [groupId])).toBe(100n)
-    expect(bootstrapReservedLoanAssets(groups, [groupId], new Set([groupId]))).toBe(0n)
+    expect(bootstrapReservedLoanAssets(groups)).toBe(100n)
+    expect(bootstrapReservedLoanAssets(groups, new Set([groupId]))).toBe(0n)
   })
 
   test('excludes durably owned sell-only groups from the loan-token cash reserve', async () => {
@@ -776,7 +774,7 @@ describe('readBootstrapGroups', () => {
     )
 
     expect(strategyBootstrapGroups(groups, [groupId, secondGroupId])).toEqual([])
-    expect(bootstrapReservedLoanAssets(groups, [groupId, secondGroupId])).toBe(0n)
+    expect(bootstrapReservedLoanAssets(groups)).toBe(0n)
   })
 
   test('passes the full distinct owned reserve in the actual makeLend argument shape', async () => {
@@ -803,7 +801,7 @@ describe('readBootstrapGroups', () => {
         validation: { apiUrl: 'https://api.example/v0/midnight' },
         loanToken,
         loanAssets: 100n,
-        reservedLoanAssets: bootstrapReservedLoanAssets(groups, [groupId, secondGroupId])
+        reservedLoanAssets: bootstrapReservedLoanAssets(groups)
       })
     )
 
diff --git a/bots/quoter-bot/test/infrastructure/cli/cli.test.ts b/bots/quoter-bot/test/infrastructure/cli/cli.test.ts
index 53df265c..b5370add 100644
--- a/bots/quoter-bot/test/infrastructure/cli/cli.test.ts
+++ b/bots/quoter-bot/test/infrastructure/cli/cli.test.ts
@@ -121,7 +121,6 @@ describe('Cli', () => {
       MARKET_IDS: `0x${'55'.repeat(32)}`,
       REFERENCE_MARKET_ID: `0x${'77'.repeat(32)}`,
       NATIVE_RESERVE_WEI: '10',
-      MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
       MORPHO_API_BASE_URL: `http://127.0.0.1:1/morpho?key=${markers[4]}`,
       ROUTER_API_BASE_URL: `http://127.0.0.1:1/router?key=${markers[5]}`,
       REQUEST_TIMEOUT_MS: '50'
diff --git a/bots/quoter-bot/test/infrastructure/invalidation/production-offer-invalidation.test.ts b/bots/quoter-bot/test/infrastructure/invalidation/production-offer-invalidation.test.ts
index 5eb24fdc..20ab176a 100644
--- a/bots/quoter-bot/test/infrastructure/invalidation/production-offer-invalidation.test.ts
+++ b/bots/quoter-bot/test/infrastructure/invalidation/production-offer-invalidation.test.ts
@@ -20,7 +20,6 @@ const environment = {
   MARKET_IDS: marketId,
   REFERENCE_MARKET_ID: `0x${'66'.repeat(32)}`,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example'
 }
diff --git a/bots/quoter-bot/test/infrastructure/ladder/ladder-cash-reservation.utils.test.ts b/bots/quoter-bot/test/infrastructure/ladder/ladder-cash-reservation.utils.test.ts
index 4376d016..37d1ae63 100644
--- a/bots/quoter-bot/test/infrastructure/ladder/ladder-cash-reservation.utils.test.ts
+++ b/bots/quoter-bot/test/infrastructure/ladder/ladder-cash-reservation.utils.test.ts
@@ -41,7 +41,6 @@ describe('ladder cash reservations', () => {
       ladderCashReservations({
         groups: [],
         publications: [publication],
-        bootstrapGroupIds: [bootstrapGroupId],
         bootstrapOffers: [
           {
             groupId: bootstrapGroupId,
@@ -62,7 +61,6 @@ describe('ladder cash reservations', () => {
       ladderCashReservations({
         groups: [],
         publications: [publication],
-        bootstrapGroupIds: [],
         bootstrapOffers: [],
         replacedGroupIds: new Set([ladderGroupId])
       })
@@ -81,11 +79,30 @@ describe('ladder cash reservations', () => {
           }
         ],
         publications: [publication],
-        bootstrapGroupIds: [],
         bootstrapOffers: [],
         replacedGroupIds: new Set(),
         ignoredGroupIds: new Set([ladderGroupId])
       })
     ).toEqual([])
   })
+
+  test('reserves a live buy group the durable ownership store no longer attributes', () => {
+    const orphanGroupId: Hex = `0x${'44'.repeat(32)}`
+
+    expect(
+      ladderCashReservations({
+        groups: [
+          {
+            id: orphanGroupId,
+            maxAssets: 80n,
+            consumed: 10n,
+            offers: [{ marketId, maker, buy: true, tick: 1n }]
+          }
+        ],
+        publications: [],
+        bootstrapOffers: [],
+        replacedGroupIds: new Set()
+      })
+    ).toEqual([{ id: orphanGroupId, marketIds: [marketId], assets: 70n }])
+  })
 })
diff --git a/bots/quoter-bot/test/infrastructure/ladder/production-ladder.test.ts b/bots/quoter-bot/test/infrastructure/ladder/production-ladder.test.ts
index 2561c11a..ff44caea 100644
--- a/bots/quoter-bot/test/infrastructure/ladder/production-ladder.test.ts
+++ b/bots/quoter-bot/test/infrastructure/ladder/production-ladder.test.ts
@@ -47,7 +47,6 @@ const environment = {
   MARKET_IDS: marketId,
   REFERENCE_MARKET_ID: referenceMarketId,
   NATIVE_RESERVE_WEI: '10',
-  MAXIMUM_LEND_EXPOSURE_ASSETS: '100',
   MORPHO_API_BASE_URL: 'https://api.example',
   ROUTER_API_BASE_URL: 'https://router.example'
 }