Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Gauntlet Proposal Suggests Compound Emergency Pause of USDC, USDS, and USDT Borrowing Markets on Ethereum
BlockBeats News, November 5th, DeFi research and risk management company Gauntlet made a proposal on the Ethereum lending protocol Compound forum, suggesting implementing a temporary emergency pause on the following standalone borrowing markets in Compound v3, including: USDC on Ethereum, USDS on Ethereum, USDT on Ethereum.
Gauntlet stated that a liquidity crisis was observed in Elixir's deUSD and sdeUSD, both of which are listed as collateral on Ethereum USDC, USDS, and USDT. Gauntlet has proposed updating the risk parameters (Tally), but these proposals have not yet been approved by the governance council. Before the proposal is approved, Gauntlet suggests pausing withdrawals for the affected tokens. This means that borrowing or withdrawing liquidity for Ethereum USDS, USDC, and USDT tokens in Compound v3 will be temporarily suspended.
Yesterday, Stream Finance disclosed a $93 million loss in its fund assets, with Elixir bearing a $68 million exposure, as liquidity crises emerged in Elixir's deUSD and sdeUSD.
You may also like
The most important thing in Web3 primary market investment
The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Musk Poached Aave App's Web3 Prodigy
The Petro Order is Cracking. What Comes Next for the Middle East?
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
What will the early Hyperliquid prediction market look like?
Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware
Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle
A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."
Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?
The economy is entering a new cycle, how can the average person prepare?
Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway
Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?
How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.
Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?
App