Balancer warns some LPs to remove liquidity ASAP because of a 'related issue'

1 year ago

The squad did not disclose what the contented is, but stated that it "cannot beryllium mitigated by the exigency DAO."

Balancer warns immoderate   LPs to region   liquidity ASAP due to the fact that of a 'related issue'

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In a Jan. 6 tweet, Balancer warned definite liquidity providers to region their LPs "ASAP" arsenic determination is an ongoing contented related to immoderate of the protocol's pools. Other pools person had their fees acceptable to zero by the balancer exigency multisig, which the squad claims to person "mitigated" the issue. Not each pools could beryllium mitigated successful this way, however.

Balancer listed the pools that request to beryllium withdrawn see DOLA / bb-a-USD connected Ethereum, It's MAI beingness and SmellsLike Spartan Spirit connected Optimism, and Tenacious Dollar connected Fantom.

IMPORTANT: Because of a related issue, LPs of the pursuing pools should region their liquidity ASAP arsenic the contented cannot beryllium mitigated by the exigency DAO. https://t.co/WcBeBvjdY2

— Balancer (@Balancer) January 6, 2023

At 2:03 a.m. UTC connected January 6, Balancer took to Twitter to denote an "issue" with liquidity pools connected the platform. It stated that protocol fees person been acceptable to zero to mitigate the issue. The institution said that the contented "will beryllium publically disclosed successful the adjacent future.

Protocol fees of immoderate Balancer pools person been acceptable to 0 to debar an contented that is present mitigated and volition beryllium publically disclosed successful the adjacent future.

This has been done by the exigency multisig, a 4/7 comprised of BLabs engineers and Balancer Maxis: https://t.co/AZo7yBQD17

— Balancer (@Balancer) January 6, 2023

This communicative is ongoing, and volition beryllium updated arsenic much accusation comes in.

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