Aave founder sharply criticizes Gauntlet's suspension of withdrawals from established DeFi protocol Compound: Assets like deUSD should not be included in major markets.

Aave founder and CEO Stani.eth posted on the X platform that the risk control team, Gauntlet, has suspended Compound withdrawals. Due to the deUSD de-pegging issue, users are unable to withdraw funds when there is a risk of bad debt, resulting in a "locked-up" status. Gauntlet CBO Nick Cannon responded in the comments section, stating that "the suspension is proactive, just like we did for Aave a few years ago, and it reduces the risk of screenshot highlighting." Stani.eth commented that "this asset should not be listed in the main market." Data shows that the deUSD stablecoin began to experience severe de-pegging last night, and has now decoupled to $0.1, with its total market capitalization dropping from tens of millions to millions of dollars.