According to ME News, on June 4 (UTC+8), the DeFi risk management protocol Gauntlet and the on-chain yield protocol Resolv reached a compensation agreement regarding the USR vulnerability. Affected Gauntlet strategy vault users can claim a total of 4,379,827 USDC in recovery funds via Merkl. Claims are now open for the mainnet v1 Morpho vault (Gauntlet USDC Core) and the v1.1 vaults that have lost liquidity (Resolv USDC on mainnet and Extrafi XLend USDC on Base). For v1.1 vaults that still have liquidity (Gauntlet USDC Frontier on mainnet and Seamless USDC on Base), claims will only be available after these vaults become illiquid. Snapshots for claims were taken at the time of market removal (v1) and when liquidity was fully depleted (v1.1). (Source: Foresight News)
Gauntlet and Resolv Reach Agreement on USR Vulnerability Compensation, Over 4.38M USDC Available via Merkl
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Summary
Gauntlet and Resolv have reached a compensation agreement for the USR vulnerability, marking a key update in on-chain news. Affected users can claim 4,379,827 USDC via Merkl. Vaults with no liquidity are open for claims, while others will unlock once liquidity is exhausted. The snapshot was taken at the time of market removal and liquidity exhaustion. This incident adds to recent vulnerability reports in the DeFi space.
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