Upshift

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Following the Resolv exploit, here is an update on Upshift vault exposure: earnAUSD - No direct or indirect exposure to USR - 0.63% exposure to RLP via the Morpho RLP/AUSD market (~$315K of ~$50M TVL) - Deposits and withdrawals paused as a precaution to preserve vault accounting until the RLP position's liquidation price is clarified upUSDC - ~6% exposure to RLP (~$700K of ~$11.7M TVL) via loans outstanding against RLP collateral - We are actively managing health factors on these positions and will liquidate when possible and if necessary We are also looking into exposure on coreUSDC and have already temporarily removed the pool on Pendle. Resolv has communicated that the collateral pool remains intact and that no underlying assets have been lost. We are monitoring the situation closely and will provide further updates.

Following the Resolv exploit, here is an update on Upshift vault exposure: earnAUSD - No direct or indirect exposure to USR - 0.63% exposure to RLP via the Morpho RLP/AUSD market (~$315K of ~$50M TVL) - Deposits and withdrawals paused as a precaution to preserve vault accounting until the RLP position's liquidation price is clarified upUSDC - ~6% exposure to RLP (~$700K of ~$11.7M TVL) via loans outstanding against RLP collateral - We are actively managing health factors on these positions and will liquidate when possible and if necessary We are also looking into exposure on coreUSDC and have already temporarily removed the pool on Pendle. Resolv has communicated that the collateral pool remains intact and that no underlying assets have been lost. We are monitoring the situation closely and will provide further updates.

Following the Resolv exploit, here is an update on Upshift vault exposure: earnAUSD - No direct or indirect exposure to USR - 0.63% exposure to RLP via the Morpho RLP/AUSD market (~$315K of ~$50M TVL) - Deposits and withdrawals paused as a precaution to preserve vault accounting until the RLP position's liquidation price is clarified upUSDC - ~6% exposure to RLP (~$700K of ~$11.7M TVL) via loans outstanding against RLP collateral - We are actively managing health factors on these positions and will liquidate when possible and if necessary We are also looking into exposure on coreUSDC and have already temporarily removed the pool on Pendle. Resolv has communicated that the collateral pool remains intact and that no underlying assets have been lost. We are monitoring the situation closely and will provide further updates.

We are monitoring the Resolv USR hack situation. As a safety measure coreUSDC, upUSDC, and earnAUSD have been temporarily paused. Updates will be shared shortly.

Following the Resolv exploit, here is an update on Upshift vault exposure: earnAUSD - No direct or indirect exposure to USR - 0.63% exposure to RLP via the Morpho RLP/AUSD market (~$315K of ~$50M TVL) - Deposits and withdrawals paused as a precaution to preserve vault accounting until the RLP position's liquidation price is clarified upUSDC - ~6% exposure to RLP (~$700K of ~$11.7M TVL) via loans outstanding against RLP collateral - We are actively managing health factors on these positions and will liquidate when possible and if necessary We are also looking into exposure on coreUSDC and have already temporarily removed the pool on Pendle. Resolv has communicated that the collateral pool remains intact and that no underlying assets have been lost. We are monitoring the situation closely and will provide further updates.