News

ChainCatcher news, DeFi research and risk management firm Gauntlet has posted a proposal on the Compound forum, suggesting a temporary emergency pause for the following independent lending Comet markets in Compound v3: USDC on Ethereum, USDS on Ethereum, and USDT on Ethereum. Gauntlet stated that it has observed liquidity crises in Elixir's deUSD and sdeUSD, both of which are listed as collateral for USDC, USDS, and USDT on Ethereum. Gauntlet has already recommended updating the risk parameters (Tally), but these suggestions have not yet been approved by the governance committee. Before the proposal is passed, Gauntlet recommends suspending withdrawals of the affected tokens. This means that in Compound v3, new lending positions or liquidity withdrawals for USDS, USDC, and USDT on Ethereum will not be possible. Yesterday, Stream Finance disclosed that its fund assets suffered a loss of $93 million, with Elixir bearing an exposure of $68 million, and Elixir's deUSD and sdeUSD experiencing liquidity crises.

ChainCatcher news, Chainlink has announced the launch of the Rewards Season 1 program, which is an evolution of the Build program. This program allows Build projects to make their native tokens available for claim by Chainlink ecosystem participants (including eligible LINK stakers). Season 1 will launch on November 11, 2025, with a total of 9 Build projects participating: Dolomite, Space and Time, XSwap, Brickken, Folks Finance, Mind Network, Suku, Truf Network by Truflation, and bitsCrunch. Eligible LINK stakers will receive non-transferable Cubes based on their historical staking, which can be allocated to different projects to determine the final amount of tokens that can be claimed. The claiming period will begin on December 16, 2025, and the tokens will be linearly unlocked over a 90-day period.