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Gauntlet Seeks to Close Open Loans in Compound's USDC Comet Market

Suppliers who deposited assets without borrowing are outside the proposal's scope.

By Simon Yoon
Published
Mentioned assets
A steel drawer closes around silver tokens beside an open tray / TokenPost.ai
A steel drawer closes around silver tokens beside an open tray / TokenPost.ai

Gauntlet has proposed closing borrower positions in Compound's USDC Comet market, targeting accounts with loans outstanding and excluding users who supplied assets without borrowing from the proposal.

Compound is a decentralized protocol where users lend crypto assets and borrow against collateral. Gauntlet provides risk management for crypto lending markets.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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