DeFi research and risk management firm Gauntlet has provided an update on the handling of the Resolv vulnerability via the X platform. According to PANews, the Base network USDC Frontier (v1) has been deallocated from all Resolv markets, eliminating the risk of bad debt. Both v1 and v2 vaults have reopened for deposits, and Morpho is set to remove interface warnings tomorrow. The mainnet USDC Frontier (v2) vault restart is underway, with the current time lock arrangements allowing a submission cap for the v1 market adapter of three days and removal of the v1 Vault adapter in five days. Gauntlet stated that further detailed information on the remaining vaults will be provided following subsequent Resolv fixes.

#USDC