Gauntlet and Resolv have reached an agreement regarding a remediation path related to the USR exploit.
Wallets with positions in the Gauntlet-curated vaults affected by the incident are able to claim available recovery proceeds totaling 4,379,827 USDC through the
@merkl_xyz onchain distribution infrastructure.
For the v1 Morpho vault Gauntlet USDC Core on Mainnet, and for illiquid v1.1 Morpho vaults (Resolv USDC on Mainnet and Extrafi XLend USDC on Base), claims are available immediately.
Due to the nature of v1.1 vaults, since Gauntlet USDC Frontier on Mainnet and Seamless USDC on Base vaults have liquidity that can be withdrawn, the claim will become available for these vaults when they become illiquid.
Snapshots used for claims within Merkl have been taken accordingly, at time of impact markets removal for v1 vaults, and at time of illiquidity for v1.1 vaults.
Eligible users will need to authenticate their wallets on the official Merkl app to see their potential claims:
app.merkl.xyz/users/
Gauntlet and Resolv have reached an agreement regarding a remediation path related to the USR incident.
More information about the process will be shared in the coming days.