Balancer warns some LPs to take away liquidity ASAP due to a ‘associated problem’

by Jeremy

In a Jan. 6 tweet, DeFi protocol Balancer warned sure liquidity suppliers to take away their LPs “ASAP” attributable to an ongoing problem associated to among the service’s swimming pools. Some swimming pools have had their charges set to zero by the balancer emergency multisig, however the workforce indicated that not all results of the nonetheless unknown problem may very well be mitigated on this means.

Balancer listed the swimming pools that should be withdrawn to incorporate DOLA / bb-a-USD on Ethereum, It is MAI life and Smells Like Spartan Spirit on Optimism, and Tenacious Greenback on Fantom.

At 2:03 a.m. UTC on January 6, Balancer took to Twitter to announce an “problem” with liquidity swimming pools on the platform. It said that protocol charges have been set to zero to mitigate the problem, and that extra particulars “shall be publicly disclosed within the close to future.”

This story is ongoing, and shall be up to date as extra data is available in.