CryptoLiquity Protocol urges users to exit 'Earn' Stability Pool...

Liquity Protocol urges users to exit ‘Earn’ Stability Pool over undisclosed issue

-


Key Takeaways

  • Liquity Protocol advised users to withdraw from V2 Stability Pools due to an issue with the ‘Earn’ feature.
  • The protocol’s main functions continue to operate normally without any impact on users.

Share this article

Liquity Protocol urged users to withdraw funds from its V2 Stability Pool positions as it investigates a potential issue affecting the “Earn” feature, according to a statement posted on X.

The team said the protocol continues to operate normally and the potential issue has not impacted any users.

“The Liquity team was informed of a potential issue affecting Liquity V2 Stability Pools (‘Earn’), and is currently investigating a potential impact,” the protocol said on X.

Key protocol functions remain unaffected, including BOLD backing and redeemability, borrower collateral withdrawals, and staked LQTY positions, according to the announcement.

“Out of an abundance of caution, a Liquity V2 user should close their Stability Pool (“Earn”) positions,” Liquity stated.

The team indicated it would provide updates only through official channels, including Discord announcements and Twitter.

Share this article





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

CBP Wants New Tech to Search for Hidden Data on Seized Phones

United States Customs and Border Protection (CBP) is asking tech companies to pitch digital forensics tools that are...

Trump Family Linked to Over $620 Million in Crypto, Memecoins, and Bitcoin Holdings

The Trump family appears to have a much bigger stake in the crypto world than most people realized....

Cluely’s ARR doubled in a week to $7M, founder Roy Lee says. But rivals are coming.

Cluely’s revenue has skyrocketed to about $7 million in ARR since it launched its new enterprise product a...

Advertisement

Economist Peter Schiff Dismisses June Job Gains, Sparking Debate Over Labor Market Health

Economist Peter Schiff sharply criticized the latest U.S. Bureau of Labor Statistics (BLS) report, contending that 92% of...

How Will Crypto Markets React When $3B BTC Options Expire

Around 27,300 Bitcoin options contracts will expire on Friday, July 4, and they have a notional value of...

Must read

You might also likeRELATED
Recommended to you