Odaily Planet Daily reports that Gauntlet, a DeFi research and risk management company, has submitted a proposal on the Ethereum lending protocol Compound forum suggesting a temporary emergency suspension of the following standalone lending Comet markets in Compound v3: USDC on Ethereum, USDS on Ethereum, and USDT on Ethereum.

Gauntlet has observed liquidity crises in Elixir's deUSD and sdeUSD tokens, both of which are listed as collateral on Ethereum USDC, USDS, and USDT. Gauntlet has recommended updating the tally parameters, but these recommendations have not yet been approved by the governance committee. Until the proposal is passed, Gauntlet recommends suspending withdrawals of the affected tokens. This means that Ethereum USDS, USDC, and USDT tokens in Compound v3 will be unable to establish new lending positions or withdraw liquidity.

Yesterday, Stream Finance disclosed that its fund assets suffered a loss of $93 million, of which Elixir bore an exposure of $68 million, and Elixir's deUSD and sdeUSD experienced a liquidity crisis.