ChainCatcher report: DeFi research and risk management firm Gauntlet has posted an update on X regarding the resolution of the Resolv vulnerability. USDC Frontier (v1) on the Base network has now been fully de-allocated from all Resolv markets, eliminating any bad debt risk. Vaults v1 and v2 have reopened for deposits, and Morpho will remove interface warnings tomorrow. The restart of the mainnet USDC Frontier (v2) vault is currently in progress. Based on existing timelock arrangements, the submission deadline for v1 market adapters is 3 days, and the removal of v1 vault adapters is set for 5 days. Gauntlet stated it will provide further details on the remaining vaults as Resolv’s subsequent fixes are implemented.
Gauntlet Updates on Resolv Vulnerability Progress, USDC Frontier Risk Mitigated
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Summary
The DeFi research firm Gauntlet shared news about the Resolv issue via X. The Base network USDC Frontier (v1) has been fully removed from Resolv markets with no risk of bad debt. Deposits to both v1 and v2 vaults are now open, and Morpho will remove the interface warning tomorrow. The mainnet USDC Frontier (v2) vault restart is ongoing, with the v1 market adapter submission capped at 3 days and removal at 5 days. Gauntlet will provide further updates on the remaining vaults as Resolv implements fixes.
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