Gauntlet Updates Resolv Vulnerability Handling, USDC Frontier Vaults Reopened

DeFi research and risk management firm Gauntlet has provided an update on its handling of the Resolv vulnerability. According to the announcement, USDC Frontier (v1) on Base network has been deallocated from all Resolv markets, eliminating the risk of bad debt.

The v1 and v2 vaults have now reopened for deposits, with Morpho set to remove its interface warning in relation to the vulnerability tomorrow. The mainnet USDC Frontier (v2) vault is also being restarted, with a 3-day timelock schedule in place for the removal of the v1 market adapter and a 5-day timelock for the v1 Vault adapter.

Gauntlet has stated that it will provide further updates on the remaining vaults as Resolv continues to remediate the vulnerability. The announcement emphasizes the importance of ongoing communication and cooperation in resolving such issues.