According to Paul Frambot, co-founder of Morpho, the Resolv protocol security incident affected the stablecoin USR, related asset RPL, and lending markets that used these assets as collateral. Among approximately 500 Morpho vaults with deposits exceeding $10,000, about 15 vaults had material exposure (over $10,000) to the affected markets. Paul Frambot advised users to monitor official announcements from Resolv and its curators. Paul Frambot noted that all affected vaults were specifically designed for high-risk strategies and utilized long-tail collateral assets; all other vaults—including low-risk “blue-chip vaults”—remained unaffected, confirming the real-world effectiveness of Morpho’s risk isolation mechanism.
Morpho Co-Founder: 15 Vaults Affected by Resolv Security Incident
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Summary
Morpho co-founder Paul Frambot revealed that a security breach at the Resolv protocol affected the USR stablecoin and RPL, along with lending markets utilizing these assets. Of more than 500 Morpho vaults with deposits exceeding $10,000, approximately 15 face significant risk exposure. Frambot urged users to monitor Resolv updates and curator actions. The affected vaults employ high-risk strategies and long-tail collateral, while low-risk premium vaults remain unaffected. The incident underscored the effectiveness of Morpho’s risk isolation mechanism. A protocol update is expected to mitigate the aftermath.
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