Gauntlet and Resolv met today to discuss next steps.
We are confident a positive outcome will be achieved for suppliers of affected Morpho vaults via remediation from Resolv.
Gauntlet is also working on a compensation plan, if required.
We will provide further updates as the situation develops.
Liquidity update:
USDC Core on mainnet has $11.52M in liquidity.
USDC Frontier on mainnet has ~$350k in liquidity.
Prime, Gauntlet USD Alpha and other Gauntlet strategies on our vault platform are not impacted.
Gauntlet
@gauntlet_xyz
03-23
We are discussing resolution with Resolv. For any remaining funds, Gauntlet is working on a compensation plan.
Gauntlet USD Alpha has no exposure to USR nor RLP positions. Vaults on our platform are unaffected with no impact to capital suppliers.
On the following Morpho vaults: x.com/ResolvLabs/sta…
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