Gauntlet, a DeFi research and risk management firm, has proposed a temporary emergency suspension of the following standalone lending Comet markets on the Ethereum lending protocol Compound forum: USDC, USDS, and USDT on Ethereum. Gauntlet stated that it 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 suggested updating the tally parameters, which have not yet been approved by the governance committee. Until the proposal is approved, Gauntlet recommends suspending withdrawals of the affected tokens. This means that Ethereum USDS, USDC, and USDT tokens on 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 a $68 million exposure due to the liquidity crisis in Elixir's deUSD and sdeUSD tokens.