ME News reports that on April 5 (UTC+8), the DeFi protocol Elemental tweeted that operations have resumed normally. Final data has been confirmed: SOL 1 and SOL 2 vaults have been written down by 87.51%, and the USDC Lend vault by 62.10%. After the write-downs, all affected vaults have been fully restored, allowing users to freely unstake, withdraw, or deposit funds. Additionally, the platform has merged the Beta environment into the main platform and introduced a transaction history to enhance transparency. (Source: PANews)
Elemental Resumes Normal Operations After SOL and USDC Vault Depreciation
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Summary
Elemental announced on April 5 (UTC+8) a protocol update confirming that normal operations have resumed. Final inflation data showed that the SOL 1 and SOL 2 vaults depreciated by 87.51%, and the USDC Lend vault by 62.10%. All affected vaults are now operational, enabling unstaking, withdrawals, and deposits. The Beta environment has been merged into the main platform, with a new history feature added to enhance transparency.
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