Decentralized finance (DeFi) protocol Balancer has warned LPs on the protocol to withdraw their liquidity immediately due to an ongoing issue.
The protocol did not specify what the issue was but added that the emergency DAO could not mitigate it.
LPs Advised To Pull Liquidity
The team at decentralized finance protocol Balancer has advised some LPs to pull their liquidity immediately. The warning was issued after ongoing issues related to some of the service’s pools were discovered by the protocol. Some liquidity pools on the protocol have seen their fees set to zero by Balancer’s emergency multisig. However, despite this measure, the team has indicated that this approach could mitigate not all effects of the issue.
“IMPORTANT: Because of a related issue, LPs of the following pools should remove their liquidity ASAP as the issue cannot be mitigated by the emergency DAO.”
Balancer announced the issue on Twitter on the 6th of January at 2:03 am UTC, adding that the team had
We współpracy z: https://cryptodaily.co.uk/2023/01/balancer-advises-lps-to-pull-liquidity-due-to-ongoing-issues
