# Gauntlet Seeks to Close Open Loans in Compound's USDC Comet Market

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/51582
Published: 2026-11-08T12:14:54.000Z
Updated: 2026-11-08T12:14:54.000Z
Section: Technology

> Suppliers who deposited assets without borrowing are outside the proposal's scope.

Gauntlet has proposed closing borrower positions in Compound's USDC Comet market, targeting accounts with loans outstanding and excluding users who supplied assets without borrowing from the proposal.

Compound is a decentralized protocol where users lend crypto assets and borrow against collateral. Gauntlet provides risk management for crypto lending markets.