The popular decentralized finance (DeFi) protocol Balancer (BAL) 5 reported that there was a “problem” with its liquidity pool, demanding that its users withdraw their assets.
Balancer’s developer team made a statement on social media. in the statementreported disruptions to their liquidity pools (LP) due to “a problem”. The team demanded that users withdraw their funds from the pools as these disruptions could pose a security risk.
The biggest one 3.6 million dollars and if the smallest 9 thousand dollars risk, including of 5 pools respectively Ethereum (ETH) on you “DOLA/bb-a-USD”, Polygon (MATIC) on you “bb-am-USD/miMATIC”, Optimism (OP) on you “It’s MAI life” and “Smells Like Spartan Spirit”, Phantom (FTM) “Tenacious dollars” was stated.
In addition, Balancer Labs founder Fernando Martinelli, Arbitrum pools not affected in the pools mentioned when reporting withdrawal of the liquid asset as soon as possible Waiting.
The dev team to alleviate the problem protocol charges are set to zero and added that more details will “be made public in the near future.”
Protocol fees for some Balancer pools are set to 0 to avoid an issue that is currently mitigated and will be made public in the near future.
Balancer according to data from DeFiLlama $1.5 billion total locked assets (TVL) between all protocols 11th place is positioned.
Within 1 day on the Balancer TVL after what happened %one According to data provided by CoinGecko, the price of BAL has been on the decline in the last 24 hours. %2 rose and at the time the news was written from $5.40 is being traded.