Gauntlet Proposes Removal of Stablecoins from Euler Yield

DeFi risk management protocol Gauntlet has proposed a significant change to the Euler community: removing rUSD and srUSD from Euler Yield entirely. According to Foresight News, this proposal stems from a concerning trend in recent weeks – a decrease in the stablecoin’s total supply, now below $20,000. This decline is attributed to factors such as low user demand for these tokens. Gauntlet believes that rUSD and srUSD will no longer see substantial use in the future.