Liquity Protocol's Stability Pool Alert

Liquity Protocol Urges Users to Withdraw from V2 Stability Pool

Liquity Protocol has issued an urgent advisory to its users to withdraw funds from their V2 Stability Pool positions. The protocol is investigating a potential issue affecting the "Earn" feature, as announced on X (formerly Twitter).

Key Takeaways

• Liquity advises users to withdraw from V2 Stability Pools due to an issue with the 'Earn' feature.
• Core Liquity protocol functions, such as borrowing, collateral withdrawals, and staked LQTY positions, remain operational.

According to a statement released on X, the Liquity team is actively investigating the nature and extent of this issue. While the core functions of the protocol continue to operate without disruption to users, Liquity is erring on the side of caution.

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

The announcement emphasizes that key protocol functions, including LQTY staking and collateral management, remain unaffected. However, to ensure user safety and prevent any potential loss, Liquity strongly recommends users close their Stability Pool ("Earn") positions.

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

Liquity has committed to providing further updates exclusively through its official channels, including its Discord server and Twitter.

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