TechFlow news: On March 23, Paul Frambot, co-founder of Morpho, disclosed that the Resolv protocol security incident impacted the stablecoin USR and its related asset RPL, as well as lending markets collateralized by these assets.
Among approximately 500 Morpho vaults with deposit sizes exceeding $10,000, about 15 vaults hold non-negligible risk exposure (over $10,000) to the affected markets. Paul Frambot advises users to monitor official announcements from Resolv and related curators.
Paul Frambot stated that all affected vaults were specifically designed for high-risk strategies and utilize long-tail collateral assets; all other vaults—including low-risk “Premium Vaults”—remain unaffected. This incident validates the practical effectiveness of Morpho’s risk isolation mechanism. Following the incident, the team responded swiftly, deploying tools such as the curator application, capital reallocation bot, and edge-case handling documentation to assist and minimize impacts on vaults and depositors.
