Gauntlet updates on Resolv vulnerability handling: USDC Frontier is now risk-free and the vault will be gradually restarted.
PANews reported on March 28 that Gauntlet, a DeFi research and risk management firm, announced an update on the handling of the Resolv vulnerability via X. Currently, USDC Frontier (v1) on Base network has been deallocated from all Resolv markets, and there is no risk of bad debt. The v1 and v2 vaults have now reopened for deposits, and Morpho will remove the interface warning tomorrow. The reboot of the mainnet USDC Frontier (v2) vault is underway; according to the current timelock schedule, the maximum submission period for the v1 market adapter is 3 days, and 5 days for the removal of the v1 Vault adapter. Gauntlet stated that it will provide further details on the remaining vaults based on subsequent updates to Resolv’s remediation.
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