Gauntlet halts Compound withdrawals as deUSD depegs, leaving users “locked in” and unable to exit amid growing bad debt risks.

Leviathan News highlighted someone's X post about this days before it happened. We shouldve all Michael Burry'd it... "Elixir's synthetic dollar pair (deUSD & sdeUSD) collapsed. Elixir was a key participant in Stream’s recursive xUSD minting loop and held $68M in exposure to Stream (approx 65% of deUSD’s backing)."

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More coverage

• Gauntlet Suspends Compound Withdrawals Over deUSD Risks (phemex.com)
• Compound Urgently Suspends Withdrawals to Address Crisis (binance.com)
• Aave founder: Gauntlet has suspended withdrawals on Compound (bitget.com)
• [Gauntlet] Pausing Ethereum USDC, USDS, and USDT Comets (comp.xyz)
• Risk-curator boom in 2025 now blamed for recent DeFi lending vault ... (cryptorank.io)

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