ChainThink report, November 7, DeFi research and risk management company Gauntlet had previously recommended that the Ethereum lending protocol Compound implement a temporary emergency pause on the independent lending Comet markets in v3, including: USDC on Ethereum, USDS on Ethereum, USDT on Ethereum. The proposal has now been passed, and after the suspension, the USDC and USDS lending markets have resumed withdrawals on November 6. Compound stated that it will gradually restore the markets while ensuring system security.

This move aims to address the liquidity crisis of deUSD and sdeUSD under Elixir, which are both listed as collateral on Ethereum's USDC, USDS, and USDT. On November 4, Stream Finance disclosed that its fund assets suffered a loss of $93 million, with Elixir bearing an exposure of $68 million, leading to a liquidity crisis for its stablecoins deUSD and sdeUSD.