PANews reported on February 13th that, according to Cointelegraph, after Liquity, a decentralized lending platform, suggested users to withdraw from its recently launched Liquity v2 stability pool, it recorded a fund outflow of over 17 million USD within 24 hours. In addition, the Total Value Locked (TVL) of Liquity v2 decreased by 18% from its historical high of 84.9 million USD on February 11th to 69.6 million USD.
Liquity v2 pool contains three tokens - Rocket Pool ETH (RETH), Wrapped Ether (WETH), and Wrapped Lido Staked Ether (WSTETH). The outflow amount of WSTETH is approximately $11.3 million, while the outflow amounts of RETH and WETH are approximately $1.2 million and $4.5 million, respectively. Lido, a Ethereum-based liquidity staking platform, has also notified wstETH holders to withdraw their investment from the Liquity v2 Stability Pool ('Earn').
Earlier yesterday, Liquity announced that its team has become aware of a potential issue that may affect the Liquity V2 Stability Pool ('Earn') and is currently investigating the potential impact. As a precautionary measure, Liquity V2 users are advised to close their Stability Pool ('Earn') positions.
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After Liquity v2 issued a warning related to the stability pool, $17 million flowed out.
PANews reported on February 13th that, according to Cointelegraph, after Liquity, a decentralized lending platform, suggested users to withdraw from its recently launched Liquity v2 stability pool, it recorded a fund outflow of over 17 million USD within 24 hours. In addition, the Total Value Locked (TVL) of Liquity v2 decreased by 18% from its historical high of 84.9 million USD on February 11th to 69.6 million USD. Liquity v2 pool contains three tokens - Rocket Pool ETH (RETH), Wrapped Ether (WETH), and Wrapped Lido Staked Ether (WSTETH). The outflow amount of WSTETH is approximately $11.3 million, while the outflow amounts of RETH and WETH are approximately $1.2 million and $4.5 million, respectively. Lido, a Ethereum-based liquidity staking platform, has also notified wstETH holders to withdraw their investment from the Liquity v2 Stability Pool ('Earn'). Earlier yesterday, Liquity announced that its team has become aware of a potential issue that may affect the Liquity V2 Stability Pool ('Earn') and is currently investigating the potential impact. As a precautionary measure, Liquity V2 users are advised to close their Stability Pool ('Earn') positions.