Gauntlet Says Resolv Markets Removed Base Network USDC Frontier v1 Exposure

According to Gauntlet, Base network USDC Frontier v1 has been removed from all Resolv markets with no bad debt risk, while vault deposits have reopened and mainnet v2 restart work continues.

USDC
MORPHO

Summary

Gauntlet said Base network USDC Frontier v1 has been deallocated from all Resolv markets, eliminating bad debt risk tied to that exposure. It added that both the v1 and v2 vaults have reopened for deposits. Gauntlet also said Morpho will remove its interface warning the following day, while restart operations for the mainnet USDC Frontier v2 vault remain in progress.

Terms & Concepts
  • Bad debt: Liabilities that cannot be fully repaid within a lending market, often after collateral becomes insufficient.
  • Vault: A smart contract that holds user deposits and manages them according to predefined strategies or protocol rules.