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Update on exposure related to the Resolv incident
The Euler Yield market on Arbitrum is currently paused, with ~$500k USDC loans collateralized by RLP.
We are awaiting further clarity from the Resolv team regarding next steps for this asset.
Resolv-related Frontier markets on Plasma are paused, with ~$50k in loans issued against USR collateral.
Based on Resolv’s communication that pre-hack USR redemptions will be honored 1:1, this market is expected to be settled gracefully over time.
We continue to monitor the situation and will share updates as more information becomes available.
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