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Balancer warns some LPs to remove liquidity ASAP because of a ‘related issue’

Published 01/06/2023, 10:19 AM
Updated 01/07/2023, 12:00 PM

In a Jan. 6 tweet, decentralized finance protocol Balancer warned certain liquidity providers to remove their LPs “ASAP” due to an ongoing issue related to some of the service’s pools. Some pools have had their fees set to zero by the Balancer emergency multisig, but the team indicated that not all effects of the still-unknown issue could be mitigated in this way.

Balancer said the pools that need to be withdrawn include DOLA/bb-a-USD on Ethereum, It’s MAI Life and Smells Like Spartan Spirit on Optimism, and Tenacious Dollar on Fantom.

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