BREAKING: Top DeFi Balancer asks LPs to remove liquidity from five pools $BAL
This operation is necessary as the"emergency DAO" is not able to mitigate some issue with the system. Thus, the platform asks LPs on Ethereum , Polygon , Optimism and Fantom versions of Balancer to remove liquidity.
On Ethereum , the issue affected the DOLA/bb-a-USD pool with the current total value locked of $3.6 million in equivalent. On Polygon, LPs should remove money from the small bb-am-USD/miMATIC pool.On Optimism the problem affects the operations of MAI Life and Smells Like Spartan Spirit pools with an aggregated TVL estimated at about $1.2 in equivalent.Last but not least, the users of Fantom-based"friendly fork" of Balancer should remove $1.
An hour ago, Balancer core contributors announced that"emergency multi-signature" set protocol fees of some Balancer pools to zero with no action needed from their LPs. As per the DeFi Llama tracker, Balancer is the #11 DEX by total value locked with $1.5 billion in TVL.
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