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Gauntlet Updates Progress on Resolv Vulnerability Handling: USDC Frontier Risk Mitigated, Vaults to Gradually Reopen
Svmuu News DeFi research and risk management firm Gauntlet posted an update on X regarding the handling of the Resolv vulnerability. Currently, the Base network's USDC Frontier (v1) has been deallocated from all Resolv markets, eliminating bad debt risk. Both v1 and v2 vaults are now reopened for deposits, and Morpho will remove the interface warning tomorrow. The restart operation for the mainnet USDC Frontier (v2) vault is underway. Based on the existing timelock schedule, the submission cap for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that it will provide further details on the remaining vaults based on subsequent updates from Resolv's fixes.
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