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Elemental resumes normal operations, damaged SOL and USDC vaults complete write-downs
ME News reports that on April 5th (UTC+8), the DeFi protocol Elemental announced via Twitter that it has resumed normal operations. Final data has now been confirmed, with SOL Vaults 1 and 2 reduced by 87.51%, and USDC Lend Vaults reduced by 62.10%. After the reductions, all affected vaults have fully recovered, and users are free to unstake, withdraw, or deposit. Additionally, the platform has merged the Beta environment into the main platform and launched a history record to improve transparency. (Source: PANews)