AiCoin|Nov 07, 2025 02:18
[Compound Temporarily Suspends Ethereum Stablecoin Lending Markets to Address Elixir Liquidity Crisis]
On November 7, DeFi research and risk management firm Gauntlet recommended that Ethereum lending protocol Compound implement a temporary emergency suspension of the standalone lending Comet markets in v3, including USDC, USDS, and USDT on Ethereum. The proposal has been approved, and after the suspension, the USDC and USDS lending markets resumed withdrawals on November 6. This move aims to address the liquidity crisis of Elixir's stablecoins deUSD and sdeUSD. Previously, Stream Finance disclosed a $93 million loss in fund assets, with Elixir bearing $68 million in exposure, leading to the liquidity crisis of deUSD and sdeUSD. Compound stated that it will gradually restore the markets while ensuring system security.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink